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Tallinn: little Estonia is the envy of other EU states in terms of economic figures (Photo: EC)

Estonia to join embattled eurozone next year

Estonia is set to become the 17th country to join the euro area, after the European Commission on Wednesday (12 May) said its economy has met all the accession criteria.

The decision comes at a time of unprecedented financial turmoil inside the single currency bloc, with market doubts over the public finances of several peripheral states causing the euro currency to sink to new lows versus the dollar last week and forcing politicians to hastily cobble together a massive €750 billion su...

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Tallinn: little Estonia is the envy of other EU states in terms of economic figures (Photo: EC)

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