Kunal Mukhopadhyay

Posts Tagged ‘Ecoomic crisis’

Let him who is without sin be the first to cast a stone.

In Blogging, Globalization on May 13, 2010 at 9:43 am

I heard on the radio yesterday a very good comment made by an Estonian official (former government minister) on the recent news about Estonia having fulfilled (or close to) the requirement in order to switch to the EURO currency.

He remarked that the EURO nations should first take a closer look at their own members (reference to Greece, Spain and Portugal) before setting such high demands on prospective non-Euro countries. How true. The irony is that at the end of the day, countries like the Baltic nations may actually have a stronger economy than the so called  “stronger” nations (strong meaning those in the Euro zone).

Estonia is on its way. Lithuania and Latvia are working their way towards the goal. Maybe Greece, Spain and Portugal ought to be “degraded” back to non-euro status and the Baltic nations given their seats instead!!