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Government unites to avoid bankruptcy

Feb 04, 2009
By Matt Withers

TALLINN - The Estonian government has made progress in its bid to save the country from bankruptcy by means of a package of drastic cuts to the 2009 budget. The leaders of Estonia's three-party coalition government have reportedly agreed on budget cuts to the tune of 5 to 6 billion kroons (320 to 380 million euros) during negotiations that took place on Jan. 31. The ruling coalition went through a notoriously protracted deliberation when drafting the initial 2009 budget, but with the fate of ...

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