Estonia’s recovery defies economists and academics

Author (Person)
Series Title
Series Details 2.8.10
Publication Date 02/08/2010
Content Type

Commentary feature discusses the seeming beginning to recovery of Estonia in the summer of 2010 from the harm inflicted by the gloabl economic crisis. The author suggests that the Estonians are in position for a relatively rapid recovery because they started out with much less state and private debt than the other Baltic states, and have been able to muster more political will to pay the social costs. The state and the public had less fixed debt to service with reduced incomes.

Related Links
ESO: Background information: Baltics show how fiscal medicine tastes http://www.europeansources.info/record/baltics-show-how-fiscal-medicine-tastes/

Countries / Regions