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.
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.
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.
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.
Estonian Prime Minister Andrus Ansip congratulated his Latvian counterpart, Valdis Dombrovskis, on his country’s “imminent” adoption of the euro, a week and a half before the European Commission weighs in on Latvia’s bid.
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.
Estonian Prime Minister Andrus Ansip is set to extend his record term after his austerity measures helped country adopt the euro this year and as the economy grows at the European Union’s second-fastest pace.