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Hurray, Estonia!
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SylviaSmile


Jun 6, 2012, 10:11 AM
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Registered: Oct 3, 2011
Posts: 982

Hurray, Estonia!
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Estonia bucks the trend to build their economy--national debt only 6% of the GDP! Of course, they are still tiny and still poor by a lot of standards, but I found the article intriguing. I don't even really know what "austerity measures" are . . . Angelic


chadnsc


Jun 6, 2012, 11:09 AM
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Registered: Nov 24, 2003
Posts: 4449

Re: [SylviaSmile] Hurray, Estonia! [In reply to]
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CNBC Article wrote:
For older Estonians, memories of the grim days of Soviet occupation make it easier to accept sacrifices today. Among the young, there is a widespread awareness that in a nation of just 1.3 million people, the freedom and opportunities their generation enjoy depends on unity in times of crisis.

I think that attitude has a wee bit to do with it.


pinktricam


Jun 6, 2012, 6:05 PM
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Registered: Jan 8, 2003
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Re: [SylviaSmile] Hurray, Estonia! [In reply to]
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SylviaSmile wrote:
Estonia bucks the trend to build their economy--national debt only 6% of the GDP! Of course, they are still tiny and still poor by a lot of standards, but I found the article intriguing. I don't even really know what "austerity measures" are . . . Angelic

The mult-nationals are not gonna be happy.


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