Life without the euro

  • 2006-09-20
  • Interview by Joel Alas
Since EU accession, all three Baltic states have found themselves plagued by the "inflation question," While their economies continue to flourish, growing inflation has made it harder for the Baltic states to meet the Maastricht criteria to join the euro currency zone. The Baltic Times spoke about Estonia's inflation with Ilmar Lepik, Head of the Bank of Estonia's economics departmentIn spring 2006, the goal of joining the eurozone was pushed back until 2008 because of Estonia's inflation rate, which is well above that required by the Maastricht criteria. Does Estonia have an inflation prob...
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