Policy Article

The Estonian Market System as an Alternative to an European Umbrella (original publication German only)


  • Schrader
  • K.
Publication Date

In times of an apparently never ending euro-crisis and bailout packages for a growing number of crisis-ridden euro-countries, Estonia became member of the euro-zone on January 1, 2011. During the crisis Estonia managed to meet the Maastricht criteria due to a liberal economic policy and sound public finances.

Kiel Institute Expert


Key Words

  • Debt crisis
  • Estonia
  • Reforms