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Monday, 30.12.2024, 18:09
Edgar Savisaar: none of Ansip's forecasts or promises comes true
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| Edgar Savisaar |
According to Savisaar, Ansip's plan is to beat the euro drum and tell everybody that it will rescue the economy.
"The fact is that it is not a miracle cure that removes all our problems. You can join the euro zone only if you have a strong and sustainable economy," Savisaar said.
The Mayor of Tallinn emphasized that Estonia's transition to euro is not quite realistic.
"My question is whether transition to euro is realistic or is it only a pretext to justify budget cuts?" Savisaar asked.
"If the budget is cut, consumption is affected. This in turn will bring less revenue in the budget that causes a new need to cut the budget. So it's a vicious never-ending circle that Ansip is in," the politician said.
According to the Mayor, Estonia's level of foreign debt of 4.8% is great, but the problem is that Estonia does not have economic stimulus plans like other countries.
"We are patching budget holes, not investing in the future," said he.
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