Estonia becomes the Eurozone’s 17th member on January 1, and the third former communist state to join the single currency. The move is designed to boost the economy, but with the euro in crisis, not all Estonians are convinced it will.
Out with the kroon, in with the euro. On New Year’s Day Estonia becomes the 17th of 27 EU members to adopt the single currency. The move has been in the pipeline for the past half-decade, but following a tumultuous financial period for the Eurozone, its promise of economic and political stability for Estonia is not one that everybody is betting on.
Date created : 2010-12-30