Estonia has been one of the EU countries hardest hit by the current economic crisis and has now decided to look to online gambling to help it out of its financial troubles.
Pre-2008, Estonia was in line to join the EU’s single currency, but after the economic crisis left its economy down by 36%, the small Baltic country seemed further away than ever from satisfying the strict criteria necessary for Eurozone entry. Estonia is now hoping that funds received from granting online licences and a 5 percent tax on gross revenues, will set its economy firmly back on the right path once more.
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