Estonia lessons for the Eurozone

How much better is Estonia doing?

Sixteen months after it joined the eurozone, Estonia is booming. The economy grew 7.6% last year, five times the eurozone average.

Estonia is the only eurozone country with a budget surplus. National debt is just 6% of GDP, compared to 81% in virtuous Germany, or 165% 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.

It all seems a long way from the gloom elsewhere in Europe.

What do you think? (first time comments are moderated)

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s