Estonia still on track for 2011 euro adoption

Oct 29, 2009
From wire reports

TALLINN - The IMF has urged Estonia to cut its 2010 budget deficit and aim for a longer-term fiscal balance so it could meet the 2011 euro-adoption terms, reports Bloomberg. It says the budget deficit should be cut by about 1 percentage point of gross domestic product next year so as to have "an appropriate safety margin." The government also needs to cut spending more and raise revenue to achieve balanced budgets after 2011 due to a "high risk" of wider deficits once temporary budget measures ...

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