Estónia adere ao EURO a partir de 1 de Janeiro de 2011

Uns a entrar, outros a ameaçar sair. E vão 17 países a aderir ao Euro.

“(…) Today, as we look forward to the introduction of the euro in Estonia, I would like to point out two key aspects of the country’s experience on its road to adopting the euro. The Estonian experience may encourage some euro area countries to tackle the pressing need for adjustment that they currently face and inspire Estonia, as well as current and other prospective euro area countries, to contribute to a sustainable functioning of Economic and Monetary Union in the years ahead.

The first key aspect refers to the importance of maintaining a sound fiscal record. Even during exceptional times, Estonia has demonstrated a strong commitment to maintaining sound national fiscal policies, which are a crucial element of the policy framework for Economic and Monetary Union. There has been a clear consensus in Estonia that fiscal consolidation should never be compromised. Indeed, despite the significant degree of uncertainty about the recovery of both external and domestic demand, the Estonian authorities implemented significant fiscal consolidation measures in 2009. This was a strong advantage for Estonia in its efforts to join the euro area. Indeed, the country’s fiscal policy record since 1992 supports the view that prudence is a key element of its fiscal policy.

Ler mais