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You Americans should like Estonia - they're rather neoliberal that way. Legolas Send a noteboard - 12/05/2010 11:18:30 PM
Running the numbers on a GDP of 24 billion and 7.2% debt, that's like 2 billion dollars with a deficit 400 million a year or about 300 bucks a person per year on a $1500 current debt, not too likely to be a Greek-level crisis even though their GDP per capita's only about $18,000 a year. Sounds like a good deal for everyone involved.


And by "neo-liberal", I mean they've started over entirely with a radical break from their communist past, creating a highly competitive economy without burdensome entitlement issues or overly expensive social security. They even have that flat tax that iirc you were advocating in another post.

Of course, Estonia is so small that its inclusion really doesn't matter much either way. Rather like Slovenia that way. The only latecomer to the euro that really has some weight (if you leave out Greece, which wasn't much of a latecomer, evidently it should've been more so :P ) is Slovakia, and even that is only a country of what, five million? The real question is whether Poland or Romania will ever be in a position to join - or even the Czech Republic. Then again, all these smaller countries do add up - Latvia and Lithuania will likely follow within a number of years.
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So the list of countries using the euro will grow longer, not shorter... Estonia to join in 2011 - 12/05/2010 10:51:37 PM 1232 Views
Sounds like a winner - 12/05/2010 11:07:38 PM 844 Views
You Americans should like Estonia - they're rather neoliberal that way. - 12/05/2010 11:18:30 PM 1037 Views
Apparently we do - 13/05/2010 05:34:41 PM 876 Views
I liked the remark one Estonian bankofficial made - 12/05/2010 11:38:26 PM 813 Views
Re: I liked the remark one Estonian bankofficial made - 12/05/2010 11:42:37 PM 854 Views
I stand corrected than - 12/05/2010 11:45:33 PM 754 Views
I do sometimes wish more Belgians would understand that. - 12/05/2010 11:52:41 PM 729 Views
Re: I do sometimes wish more Belgians would understand that. - 13/05/2010 12:05:03 AM 751 Views
That would be more convincing if universities promoted more social mobility. - 13/05/2010 12:11:37 AM 859 Views
Social attitudes take a very long time to change. - 13/05/2010 12:28:09 AM 880 Views
We have need-based scholarships. We could extend them. - 13/05/2010 12:38:31 AM 772 Views
I guess it depends on exactly what the fees are. - 13/05/2010 11:06:37 AM 867 Views
They're low. Too low. - 13/05/2010 12:12:29 PM 888 Views
American universities do have entrance exams. Sort of. - 13/05/2010 02:17:13 PM 884 Views
Those are really too lame to count. - 13/05/2010 02:21:23 PM 925 Views
Re: Those are really too lame to count. - 13/05/2010 05:04:25 PM 923 Views
typically the more specialized programs require that - 13/05/2010 05:53:20 PM 845 Views
Re: Those are really too lame to count. - 13/05/2010 07:32:19 PM 928 Views
Like I indicated, I'm not suggesting it in the American system. - 13/05/2010 07:53:15 PM 933 Views
meh. Most degrees are useless anyway. - 13/05/2010 01:14:54 AM 758 Views
Come on. - 13/05/2010 10:13:29 AM 918 Views
You ever been to Estonia? If not, stop speaking. *NM* - 13/05/2010 10:29:17 AM 456 Views
your funny *NM* - 13/05/2010 02:01:06 PM 336 Views
Surely Sweden can say, or could have said, that they wouldn't join till they damn well felt like it? - 12/05/2010 11:39:57 PM 787 Views
Apparently Denmark only got the opt-out after rejecting the Maastricht treaty. - 12/05/2010 11:47:00 PM 824 Views
Good point: it seems to me no-one cares about being Belgian, only Flemish or Walloon . - 12/05/2010 11:51:27 PM 705 Views
It's slightly more subtle than that. - 13/05/2010 12:00:29 AM 863 Views
What do you think about this suggestion? - 13/05/2010 12:09:02 AM 844 Views
That has been suggested by many, yeah. - 13/05/2010 12:28:24 AM 864 Views
But before you make a decision like that... - 13/05/2010 08:36:07 AM 844 Views
We have a Flemish government, though. - 13/05/2010 12:22:57 PM 893 Views
There is one answer to most of those questions - 12/05/2010 11:49:46 PM 732 Views
I love that the rest of you have the euro. - 12/05/2010 11:53:10 PM 723 Views
*waits for the Pound to drop and the UK begging for the euro* *NM* - 12/05/2010 11:56:25 PM 404 Views
That would be the worst time to do it. - 13/05/2010 12:05:32 AM 810 Views
Well... that is true. But your exports would be really high. - 13/05/2010 12:11:50 AM 760 Views
Also the best time. - 13/05/2010 12:11:53 AM 811 Views
I WIN *NM* - 13/05/2010 12:12:51 AM 344 Views
Bah *NM* - 13/05/2010 12:18:48 AM 299 Views
It was the best of times, it was the worst of times... *NM* - 13/05/2010 12:19:32 AM 285 Views
There is a small problem with that... - 13/05/2010 10:21:44 AM 722 Views
I found the wikipedia article. - 13/05/2010 10:53:00 AM 924 Views
WOW WHEN DID THE UK CHANGE THEIR COINS - 13/05/2010 12:10:41 AM 807 Views
2008, apparently. Though I don't think we actually saw them until 2009. - 13/05/2010 12:17:46 AM 837 Views
I used to use a ten-pound note to inhale...things. - 13/05/2010 05:54:09 AM 785 Views
You have a thing for Charles Darwin? - 13/05/2010 10:45:14 AM 714 Views
From "Mean Mr. Mustard" - "keeps a ten-bob note up his nose...such a mean old man..." - 13/05/2010 02:36:34 PM 761 Views
In that case I'm going to have to disappoint you. - 13/05/2010 02:54:04 PM 891 Views
I knew that, but I had limited options. - 13/05/2010 03:15:07 PM 868 Views
You could try a €500 note. - 13/05/2010 03:18:11 PM 762 Views
In other news, the sky is blue. - 13/05/2010 03:33:25 PM 787 Views
I seem to remember reading something in 2002 about Germans paying their monthly rent in cash. - 13/05/2010 03:43:35 PM 867 Views
Hm. Possible. - 13/05/2010 03:50:31 PM 747 Views
Re: In other news, the sky is blue. - 13/05/2010 07:45:06 PM 859 Views
Sheesh...I was just using, not dealing. - 13/05/2010 03:47:05 PM 771 Views
The thrill of decadence? *NM* - 13/05/2010 03:51:21 PM 325 Views
Ooh...I'm sure THAT will shore up the eurozone... *laughs* - 13/05/2010 05:51:12 AM 807 Views
Agreed - 13/05/2010 12:20:12 PM 791 Views
Nobody said it would. - 13/05/2010 12:34:27 PM 787 Views
You know what will save the eurozone ? - 13/05/2010 04:55:06 PM 789 Views
You're a little ray of sunshine, aren't you? *NM* - 13/05/2010 05:10:48 PM 324 Views
Hey man, I don't want Europe to be the next Japan - 13/05/2010 05:42:26 PM 786 Views

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