EUOBSERVER / BRUSSELS – Estonia's accession to the eurzone, due to take place at the start of 2011, is in its own interest despite the current sovereign debt crisis gripping the monetary union, Estonian President Toomas Ilves has told EUobserver in an interview.
"I don't know if there is a good time or a bad time to join the euro, but it's quite clear that it is in our interest to join the eurozone. It will boost business confidence, investor confidence and also the well-being and confidence of our people," Mr Ilves said on Thursday (8 December) during his two-day visit in Brussels.
A former journalist working for Radio Free Europe from 1983-1994, Mr Ilves dismissed as "yellow" or tabloid-ish journalism the suggestion that the euro is falling apart or that Estonians are "silly" for wanting to join.
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Estonian president defends imminent euro-accession (8)