Estonian central bank sees euro as stabilizing force

  • 2006-10-25
  • Staff and wire reports
TALLINN - Representatives of Parliament's finance committee announced on Oct. 16 that the Bank of Estonia was prepared to take additional measures to maintain the strength of Estonia's financial sector, and sees entry into the euro-zone as the key to future economic stability. The announcement coincided with a SEB report on Central and Eastern Europe's economies.Making reference to the "halcyon days of 1997," the SEB report, released last week, warned, "to the extent that the current upbeat mood is increasingly extrapolated into the future, the proximate past feeds expectations of an equall...
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