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Blogs about Estonia

www.visitestonia.com › … › What Are People Saying About Estonia?

Estonia is a popular subject in the blogosphere. Find out what people are saying about Estonia on blogs.

blogs.timesofisrael.com/estonias-severe-case-of-holocaust-amnesia/

Dec 18, 2012 – That would help explain why I only found out Tuesday morning that Estonian Prime Minister Andrus Ansip was to be touring Yad Vashem that …

blogoola.com/estonia/

All the blogs shared from Estonia. Expose your blog to millions and increase your audience by becoming a star blog and represent Estonia today.

digsitevalue.org/k/estonia-blog

Jun 20, 2012 · Paul Krugman, a left-wing economist, wrote an article called Estonian Rhapsodyon his blog harbored by the New York Times. Krugman correctly …

www.blogcatalog.com/country/estonia

By – http://moblapildiblog-eng.blogspot.com/ A picture per day blog. All shot with phonecamera in Estonia (+traveling). It’s a blog about me and hardcore pixels, …

What people are saying about Estonia in blogs and forums.

Technorati (a blog search engine) tracks the number of times a blog mentions Estonia and the number of times blog posts are actually “tagged” Estonia.

A goodbye [A little bit of everything] Friday, January 18, 2013 5:42:00 PM

Olles blogimaailmas ekisteerinud juba nii mõnegi aasta, ei tea, kas ma tahan enam jätkata (mida näitab ka pea 2 kuu suurune auk …

a small update [A little bit of everything] Tuesday, November 20, 2012 8:55:00 PM

Helloouu! Ma vist ei ole maininud, et mul on juba veidi aega olnud uus läpakas, tänu millele on uue/vana arvuti ja neis …

fall outfit [A little bit of everything] Wednesday, October 31, 2012 3:51:00 AM

Lisan mõned oktoobri keskel tehtud pildid, kui veel paksud talveriided elutähtsad polnud. Pildid udused, sest väljas oli juba …

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Economic growth of 3 per cent in the eurozone? It sounds like a statistical error at a time when the common currency area is braced for a 0.4 per cent drop. But Estonia is set to record a 3 per cent expansion in 2012, nearly double the government’s forecast at the start of the year. And officials expect another 3 per cent in 2013.

Much of this is a rebound from the extra-severe shock that passed through Estonia and the other two Baltic states of Latvia and Lithuania in 2009 when Estonian GDP dropped by a cumulative 18 per cent.

Three years of growth have generated a combined recovery of 15 per cent, but Estonia’s output is still around 3 per cent below pre-crisis levels.

Lithuania is in a similar position. In Latvia, where the crisis was the most dramatic with cumulative GDP drop of 20 per cent, even a fast recovery still leaves GDP around 10 per cent down on pre-crisis levels.

All three countries responded to the crisis by drastic austerity packages, including public pay and pension cuts and all saw their property markets sink as pre-2008 credit-fuelled booms collapsed in mountains of corporate and household debt.

Recovery has been driven by sharp increases in exports in which benefited from the resilience of much bigger economies in the region, including Germany, Scandinavia and Russia. In Estonia, for example, Sweden’s Ericsson boosted output of export-oriented mobile phone equipment at the crucial time.

But the credit boom and bust has left a serious burden. In Estonia, private debt as a percentage of GDP soared from below 100 per cent to a peak of nearly 170 per cent in 2010 before falling back to 140 per cent. This is bigger even than in Latvia, where private sector debt peaked at around 150 per cent of GDP.

Much of the debt is tied to property. In Estonia, house prices are some 50 per cent off their peak even after a 20 per cent recovery since the start of 2011.

Where Estonia stands out is in its single-minded aversion to public debt. Even in the depths of the crisis, it allowed itself a maximum annual budget deficit of just 2.9 per cent of GDP in 2008. For 2012 it will be 1.2 per cent, with further reductions next year and a return to surplus in 2014. While public debts across the EU have ballooned, Estonia finished last year with a public debt stock of just 6 per cent of GDP.

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