Andrus Ansip News
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Russia declared an Estonian diplomat persona non grata two weeks after the Baltic nation’s prime minister visited the country for the first time.
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German Chancellor Angela Merkel defended her government’s focus on tightening budgets in Europe, saying that the benefits of reining in spending outweigh the controversy of austerity.
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Estonia, the newest member of the euro region, will stand by the single currency because its benefits outweigh the uncertainty caused by the region’s debt crisis, said Prime Minister Andrus Ansip.
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Risks to the construction of Lithuania’s new nuclear plant, where Latvia and Estonia are due to become partners, have increased “significantly” after voters rejected the idea in a referendum last weekend, Estonian Prime Minister Andrus Ansip said.
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Estonia, told by European Central Bank President Jean-Claude Trichet to remain “alert” on inflation after adopting the euro next year, has “few tools” to control price increases, Prime Minister Andrus Ansip said.
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Estonian Prime Minister Andrus Ansip said he’s “rather skeptical” regarding proposals for euro- region member countries to sell government bonds jointly, German newspaper Frankfurter Allgemeine Zeitung reported.
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Estonia’s State Treasury should manage all the Baltic country’s reserves, including those of Eesti Pank, the central bank, Prime Minister Andrus Ansip said.
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Estonia must focus on raising the quality of its education through infrastructure investments and higher wages for teachers after the Baltic nation adopts the euro in January, Prime Minister Andrus Ansip said.
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Estonia, which joined the euro area this year as its members fought to end a sovereign-debt crisis, is benefitting from the currency amid turmoil in the monetary union, Prime Minister Andrus Ansip said.
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Estonia’s economy unexpectedly kept its pace of expansion in the fourth quarter after renewed Nordic export demand.
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