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President Ilves: we can overcome the crisis if we are wise

Dec 18, 2012

President Ilves: we can overcome the crisis if we are wise

TALLINN - Estonian President Toomas Hendrik Ilves said in the end of the year interview with the newspaper Diplomaatia that Estonia will overcome the crisis by acting wisely, reports Delfi.

Ilves said that the moods of the end of the world and end of Europe have lasted for several years. "Actually, when we think about the steps that have been made, the situation and outlook in Europe have improved," said Ilves. "Everyone is very critical but looking at the whole, it seems that too much has been focused on European problems."

"I cannot forecast it exactly but the most catastrophic scenarios won't take place since Europe has decided to do certain things," said Ilves. "I personally was much more worried three quarters of a year ago than I am now."

President Ilves recommended being a realist and noted that no big economic growth would take place in Europe next year.

"Estonia's forecasts, both those by the IMF as well as the European Union and our finance ministry, are rather positive, as compared to the rest of Europe," he said. "No major leap is expected but quite strong growth."

TALLINN- Estonian President Toomas Hendrik Ilves said in the end of the year interview with the newspaper Diplomaatia that Estonia will overcome the crisis by acting wisely, reports Delfi.

Ilves said that the moods of the end of the world and end of Europe have lasted for several years. "Actually, when we think about the steps that have been made, the situation and outlook in Europe have improved," said Ilves. "Everyone is very critical but looking at the whole, it seems that too much has been focused on European problems."

"I cannot forecast it exactly but the most catastrophic scenarios won't take place since Europe has decided to do certain things," said Ilves. "I personally was much more worried three quarters of a year ago than I am now."

President Ilves recommended being a realist and noted that no big economic growth would take place in Europe next year.

"Estonia's forecasts, both those by the IMF as well as the European Union and our finance ministry, are rather positive, as compared to the rest of Europe," he said. "No major leap is expected but quite strong growth."

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