Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-249"
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"en.20100616.24.3-249"2
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"I voted for the Scicluna report on the adoption of the euro by Estonia on 1 January 2011. Estonia was among the first states that were hardest hit by the economic crisis. However, it has managed to buck the recession, with its public debt to GDP ratio amounting to 7.2% in 2009, far below the 60% reference value. Furthermore, the national government budget balance showed a deficit of 1.7% of GDP, with a reference value of 3%. This is why I believe that Estonia’s accession to the euro area will strengthen the Economic and Monetary Union at a critical juncture and that its model for success can also provide impetus to the remaining Member States which still do not meet the convergence criteria."@en1
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