Bad Time for Estonia to Join the Euro, Altman Says

Bad Time for Estonia to Join the Euro, Altman Says (4)

Rahvusvahelised uudised | 12 May 2010 | EWR

Mary Childs and Tom Keene, Bloomberg Businessweek
May 12 (Bloomberg) -- European policymakers’ approval of Estonia to adopt the euro in 2011 is ill-timed, with governments in the region struggling to bring down deficits and halt a sovereign-debt crisis, according to Edward Altman, finance professor at New York University’s Stern School of Business.

“Expansion at this time is not a good idea,” Altman said in a Bloomberg Radio interview today with Tom Keene. “There may have been internal political pressures that we don’t know about that caused this to happen or maybe it shows they are still a dynamic entity and want to show the world they’re not finished.”

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June 119 May 2010 09:38

Daniel Estulin, author of "The True Story of the Bilderberg Group" and "Shadow Masters", has been invited to speak at the European Parliament by Mario Borghezio, the most senior Member of European Parliament from Italy.

http://www.prweb.com/releases/...

Maxim18 May 2010 22:28

There is too much at stake at the present moment for Padar, Ligi and Ansip to make a sober judgement of their misguided conception regarding Estonia and the eurozone. The euro is no reward for Estonians whose economic plight looks pretty dismal for the next 5 years.

the kooks are right, sometimes17 May 2010 14:37

Here's an article that Peter will like:

http://pajamasmedia.com/blog/r...

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