Estonia Switches To Euro
The Baltic state of Estonia has adopted the joint European currency, the euro.
The Baltic state of Estonia has adopted the joint European currency, the euro, The Wall Street Journal reports. After Slovenia and Slovakia, it is the third East European country to adopt the euro. Estonia is the 17th country to switch to the currency. Gross domestic product of $19 billion makes it the second- smallest euro economy after Malta, adds Bloomberg. The country may be the last new entrant for several years as all other potential newcomers from Eastern Europe are unable to meet criteria on budget deficits and inflation.
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