Greek crisis casts shadow over euro expansion
Rahvusvahelised uudised | 04 May 2010  | EWR
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Andrew McCathie. Earth Times

BERLIN - Estonia's ambitions to become the 17th member of the euro is shaping up to be a key test of Europe's commitment to roll out the common currency across Central Europe, especially as Greece's financial crisis threatens to undercut the expansion drive.

With its deficit and debt levels comfortably within the strict fiscal targets for euro-candidates, Estonia had hoped that it would become the third member from the new European Union (EU) countries to sign up to the euro, adapting the common currency in January 2011.

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