Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-536"
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"en.20100615.31.2-536"2
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"The reason why Estonia has had to enforce budgetary discipline is not primarily the euro, but the fact that Estonia’s economy faced a very serious financial crisis, like all of us, and economic growth stalled. There was negative economic growth, which meant that Estonia’s public finances were simply no longer on a sustainable basis.
Estonia’s debt level is very low: 7.2% for the moment, while the European average is 75%, but the gradient was very worrying and it was only common sense in economic terms to ensure that Estonia will be able to continue its stability-oriented policies and ensure the sustainability of its public finances. This was the democratic decision of the Estonian Parliament recently and this has been the policy followed in Estonia with quite some success."@en1
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