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Ansip: property bubble has burst

Apr 16, 2008
Staff and wire reports

TALLINN - Prime Minister Andrus Ansip has said that the current revenue shortfall is the result of the property bubble bursting in Estonia and that, contrary to what many politicians are saying, there was no need to rush in agreeing on expenditure cuts. “The real estate bubble has popped,” the prime minister told journalists on April 10. He said that for some time it was clear to all that the air would come out of the real estate bubble, only it was unclear how quickly. According to Ansip, p ...


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