European Comission prediction: Estonia will have the fastest growing economy of Europe in 2011

[Äike]

European Comission prediction: Estonia will have the fastest growing economy of Europe in 2011, with a GDP growth of 4,2%.

[Motörhead Remember Me]

You Estonians have some balls and I like that.

[Äike]

You Estonians have some balls and I like that.

Estonia has always been an economically successful country, before WW2 Estonia was richer then Finland.

Sadly, 50 years of Communist rule postponed our development, thus our economic growth is rather fast now. Estonia is economically the most successful ex-USSR country. In 1991, Estonia was at the same level as Moldova. Luckily, extremely good political leaders made Estonia into a successful country.

[The Lawspeaker]

European Comission prediction: Estonia will have the fastest growing economy of Europe in 2011, with a GDP growth of 4,2%.

Well, Karl. Let's just wait and see shall we ?
After all economic growth in these times is as much as a guarantee as the assumption that Luxembourg will beat Brazil 10-0 in South Africa.

Only the Money Masters know who will get the cake. The graph itself is a tad weird btw: private consumption in 2008 crashed -3.6% , in 2009 it is estimated to go down a wooping -13,7%, followed by an additional -0,1% next year and suddenly rise a wooping 4,2% in 2011 what still means btw that Estonia is still down -13.2% as seen from the 2007 level (if my non-existent calculation skills haven't completely deserted me).

And that's just private consumption. That's what a chap like you has in his wallet.
Your countries' unemployment rate will still be at an incredible 14.2%. To summarize it all: your country has been assraped and nicked blind by the banks.

[RoyBatty]

In previous years much of Eastern Europe (including Baltic countries) economic growth was based on massive foreign credit injections so while growth undeniably took place, there was a very high price to pay for this. That price was to be swallowed up by creditors unless the money could be repaid.

If credit repayments are manageable the growth should be sustainable but if not..... well.... the end result will be to be out of pocket and out of property.

[RoyBatty]

Estonia has always been an economically successful country, before WW2 Estonia was richer then Finland.

Sadly, 50 years of Communist rule postponed our development, thus our economic growth is rather fast now. Estonia is economically the most successful ex-USSR country. In 1991, Estonia was at the same level as Moldova. Luckily, extremely good political leaders made Estonia into a successful country.

Countries like Moldova would be better off with Kazakh leadership!!

[Lahtari]

I demand our southern neighbor to stop growing immediately. Or where else do you think I will be getting cheap booze then?

[Äike]

I demand our southern neighbor to stop growing immediately. Or where else do you think I will be getting cheap booze then?

Russia? The vodka prices there are quite cheap, compared to Estonian prices.

[Motörhead Remember Me]

Russia? The vodka prices there are quite cheap, compared to Estonian prices.

But we don't like the taste of windshieldwiper fluid...

[Lahtari]

Russia? The vodka prices there are quite cheap, compared to Estonian prices.

The black booze of Mordor is very affordable indeed, but it's a bit far away for people living in western parts of Shire. And you have to pass Minas Morgul, and when you return, the guards at Minas Tirith will only let you have a few bottles.