Ilves welcomes Commission’s proposal to admit Estonia to the euro area

Ilves welcomes Commission’s proposal to admit Estonia to the euro area (12)

Eestlased Eestis | 12 May 2010 | EWR

President Toomas Hendrik Ilves’s comment on the proposal of the European Commission giving green light to admitting Estonia to the euro area in 2011:

“I welcome the assessment contained in the report of the European Commission published today on our monetary and economic policy as well as the proposal to admit Estonia to the euro area as of January 1 next year.

The proposal of the Commission shows that it follows its own rules and does not waive them on account of the problems and tensions troubling the euro area.

I trust that all the remaining decisions that will still have to be made until Estonia can introduce the euro will also be guided by the principle of adherence to the rules.

The conservative state budget choices that we have made in recent years have considerably improved our ability to act in the economic crisis.

Joining the euro area has not been the desire and aim of merely our Parliament, President or the Government. I would like to pay tribute to the understanding and support of the people of Estonia, without which neither the stabilisation of the state's economic position nor the Commission’s proposal for admission of Estonia to the euro area would have been possible."

12 May 2010
Office of the President

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Maxim18 May 2010 03:39

Someone once said, where there is no vision, the people perish. This is the predicament for Estonia-a country with the prospect of getting the Euro but with absolutely no adjustment frames in place other than wishful thinking that someone will invest in Estonia. It's a pathetic situation, and the country has been slowly grinding to a halt since Lennart Meri left the scene. Ansip has no idea about fiscal policy and the only thing Padar has wanted is admission to the Eurozone without considering the detail of new directions for Estonia. What is the direction anyway? No one really knows.

to euroman17 May 2010 21:35

why would eesti push the euro when its a total mess ... but to be a vassal because it pays bruxelles bureaucrats and banking agents, like good nice house cats

http://www.timesonline.co.uk/t...

Hey, euroman!17 May 2010 14:30

Why the pointless question?

Could that be you again, Maxim de la Trine? There are no points for displaying bitterness. Go get a life already.

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