Estonia least financially vulnerable of Baltics

  • 2009-01-13
  • TBT Staff
TALLINN- According to IMF Central European head Christoph Rosenberg, "Estonia is less vulnerable than other Baltic countries. The state has big buffer, the budget has been in surplus for several years, the country has resources," he said in an interview with Arileht Estonian daily.  

The IMF has already voiced its views on Latvia, and is currently distributing aid. The IMF also predicts however, that the Lithuanian economy will fall 2 percent in 2009 whereas the state of Lithuania predicts a 1.2 percent economic growth.

Outside the Baltics the IMF sees Poland as in the best condition in Easter Europe.

IMF Central Europe head Rosenberg explains: "Poland didn't have bubbles like Baltics. Poland is fundamentally in a good position."