Monday, August 24, 2009

Government has failed if Estonia does not join euro-zone

Estonian President Toomas Hendrik Ilves emphasized that if the state budget deficit is higher than 3% and Estonia doesn’t join euro-zone it means that the government has failed, ERR News reports.

“As I’ve repeatedly said, the government’s work will be assessed after it has come clear whether we join euro-zone,” Ilves said.

Ilves said that joining euro is a task which the government has set itself.
“Current cutbacks have been done so we could join euro,” he added,

“If Estonia joins euro then we can say that the government’s policy has been justified. If it appears that we don’t get euro […] then we can say that the government has failed,” the President said.

He said that the government has made several decisions without any discussion.

“If a decision is made without any essential discussion then people don’t understand it,” he said.

The President said that the government said in the spring that we need new Employment Act since it increases employment.

“It’s scientifically proveable whether the new Employment act which enables companies to fire people more easily brings what was planned,” he said.

Scientifically I do not know but figures show that unemployment rate reached 17% and GDP is collapsing.
Ilves is openly criticising Ansip for his poor work and is once again showing him the exit door since we already know Estonia will NOT fulfill the public deficit criteria this year (already higher than 3% after one semester).

Bye bye Ansip!

0 comments - React: