Estonia Uses the Euro, and the Economy is Booming
Published: Tuesday,
5 Jun 2012
By: Paul Ames
Globalpost
It’s the euro zone Jim, but not as we know it.
Sixteen months after it joined the
struggling currency bloc, Estonia is booming. The economy grew 7.6 percent last
year, five times the euro-zone average.
Estonia is the only euro-zone
country with a budget surplus. National debt is just 6 percent of GDP, compared
to 81 percent in virtuous Germany, or 165 percent in Greece.
Shoppers throng Nordic design
shops and cool new restaurants in Tallinn, the medieval capital, and
cutting-edge tech firms complain they can’t find people to fill their job
vacancies.
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