POL 423 Journal 7

POL 423 Journal 7 - ahead story for other large debt...

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Financial Times Estonia’s recovery story should not be read across the eurozone Saturday, January 29, 2011 Journal 7 Estonia over the recent years has experienced great success and growth economically. However, some economists thought that Estonia should not join the eurozone because it may hurt its largely growing economy. Estonia was not really in great shape to transfer over to the euro; even though they were growing they had a fairly large amount of debt. Estonia has adopted the euro, and since that time has been doing surprisingly well compared to what some predicted it would do. Estonia’s success is largely due to their extreme commitment to democracy and the free-market system. The success of Estonia however strong it is should not be taken as a go
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Unformatted text preview: ahead story for other large debt countries to try to join the eurozone, because they will most likely not experience the same success. This article shows that when democracy and the free-market system are implemented through the European Union there is a lot of success economically and socially. Once part of the U.S.S.R., Estonia has made a complete turn around and is now wholly committed to democracy and free-markets, these two ideals with the huge markets the E.U. offers, there is no wonder that such success is being seen in Estonia. I agree that not all countries should rush in to join the eurozone, but all the new members of the E.U. should follow Estonias lead in their commitment to these ideals....
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This note was uploaded on 03/14/2012 for the course POL 423 taught by Professor Dr.mason during the Spring '11 term at Miami University.

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