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Estonia Joins Euro to Attract Foreign Direct Investment Benefit - Eurozone Fdi Advantages- Euro Titanic & Latvia Risks

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Estonia Joins Euro to Attract Foreign Direct Investment Benefit - Eurozone Fdi Advantages- Euro Titanic & Latvia Risks
2/8/2011

Estonia Joins Euro to Attract Foreign Dir…

Estonia Joins Euro to Attract Foreign Direct Investment Benefit - Eurozone FDI Advantages- Euro Titanic & Latvia Risks 73
By billy austindillon

Estonia Joining Euro to Attract Foreign Investment
The day has come. January 1, 2011 and Estonia has officially joined the Euro zone. There are mixed emotions with many worried about the debts of Ireland, Italy, Portugal, Greece and Spain threatening Estonia. In these days of market hysteria over the great European debt crisis Estonia has stood tall as a success story. Estonia's Prime Minister Andrus Ansip sees a positive for Estonia joining the Euro to attract Foreign investment can expect to draw increased foreign investment. Ansip sees Estonia joining the Euro would also benefit the other Baltic nations Latvia and Lithuania. Other key nations in the Baltic region are Sweden and Finland. The Baltic zone is in recovery mode after it suffered a brutal slump that has seen the IMF give loans to Latvia and the three nations all apply severe austerity measures. Currently we have a ring of fire encircling the PIIGS below. It highlights the dichotomy of Europe as nations look to join the pan-European currency while others are barely hanging in there such as Greece, Spain, Portugal and Italy. We even had France’s little Romeo Sarkozy threatening to leave. Estonia joining Euro to attract foreign investment is an obvious bonus to the EU in its currentfinancial contagion crisis. Personally there is the worry of being aligned to another huge power given Eesti's proud resolve for independence. However the EU is not the Soviet Union. One hopes Estonia is not joining a European Titanic as many suggests. One thing we do know is the Estonian people have shown they can overcome incredible adversity. One suspects they will not need the Titanic lifeboats that Ireland, Greece and Portugal have been thrown.

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