Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-15-Speech-2-311"

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"en.20091215.18.2-311"2
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"Mr President, above all, I would like to draw your attention to the three Baltic States, whose situation is perhaps the most serious of all in this region. Here are some examples. Estonia’s economic output has fallen by over 15%, while the European Union average is -4.1%. In no other European country apart from the three Baltic States has there been a drop in economic output of more than 10%. In all three Baltic States, unemployment has risen up till now to more than 15%. I very much hope that the proposals by the Alliance of Liberals and Democrats for Europe to revive the economy and to improve the financial situation will receive very concrete attention and a response from the Commission. Last year, Estonia had to cut the budget three times and shrink public sector expenses, and further cuts will aggravate the already serious social situation. I very much hope that Estonia will join the euro area on 1 January 2011, in order to create an area for economic growth and for the resolution of financial difficulties."@en1
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