Publication

This commentary looks at Estonia's adoption of the euro in January 2011. It discusses the strategy behind the adoption, how Estonians view the move, the economic and social consequences as well as regional implications of introducing the euro, and Estonia's stance on eurozone reform. The author argues that adopting the euro has reinforced Estonia’s international image and made it more attractive to foreign investors. This can serve as a positive example for Lithuania and Latvia when they take action to meet the Maastricht criteria.