Estonia to join the euro

[pampango]

Source: Business Report

Investors may be confident that Estonia's changeover to the euro on New Year's Day is a good thing for the former Soviet republic - but critics fear the move will hike prices, limit economic sovereignty and, in the words of one, be akin to winning “the last ticket for the Titanic.”

“If you compare Estonia with its peers in western Europe, it certainly looks quite attractive,” said Marcus Svedberg of the Swedish investment group East Capital.

Prime Minister Andrus Ansip, who is staking his political future on accession to the eurozone, is likewise upbeat. Both trade and ordinary citizens will benefit, he said earlier this month.

“Entrepreneurs can trust the euro as a currency. The euro will definitely support trade with other EU member states,” he said.

Read more: http://www.iol.co.za/business/international/estonia-to-join-the-euro-1.1005914

[Demeter]

1. Estonia, you'll Be Sorry!

Don't Do it!

http://www.youtube.com/watch?v=rR_5h8CzRcI

[Duer 157099]

2. I have some of their paper currency from like 20 years ago

when it was first issued. Does this mean they won't be printing their own currency anymore? I'll hold onto the few I have, maybe they'll be worth something as a collectible some day?

[cowcommander]

3. Putin will be pissed

[jberryhill]

4. The Estonians have a fascinating 12 month plan

Really.

If you've never heard an Estonian say "twelve months", you are in for a treat.

http://www.youtube.com/watch?v=c5_GglJTbgY

[Mr Generic Other]

5. hehehe

thanks for the language lesson.

[DCKit]

6. They must have assets to help cushion the Eurozone bankster debacle.

If they were smart, they'd be running (like hell) in the other direction.

How long until Argentina and Venezuela are asked to join?

[Boudica the Lyoness]

7. There goes the neighborhood

just kidding :)

[cheneyschernobyl]

8. Hopefully they won't copy Italy...

when Italy converted their currency to the euro, businesses instantly rose their prices significantly. Price gouging is more like it.