Saturday, 09 April 2011

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Estonia On The Way For Eurozone Estonia should join the Eurozone on 1 January 2011. It will be the 17 th in the list of countries that adopted the euro of its national currency. In May 2010, European Commission President Jose Manuel Barroso made a statement saying that Estonia could perform all the necessary conditions for accession and the country to the euro area can be regarded as a foregone conclusion. This statement was made after the European Commission's economic forecasts on the situation in Estonia. In 2009, Estonia has gone on some measures in economic policy and managed to ensure that the budget deficit in 2009 reached 3.7 billion kroons (237 million euros), representing 1.7% of gdp. Thus, Estonia has just fulfilled the Maastricht criteria, which are necessary for entry into the eurozone. According to Eurostat, in 2009, Estonia has one of the lowest public debt among the eu countries - 7,2% of gdp. Estonia is one of three European countries with a minimal budget deficit. Of course, the economic crisis has seriously affected the Estonia, as in most countries. But based on the conclusions of the European Commission, Estonia can be trusted in an economic plan and the adoption of the euro in this country positively affect on the economy and living standards. It is obvious that the euro can not greatly reduce the impact of the crisis, but will undoubtedly contribute to more rapid to overcome it. Despite a rather difficult situation, Estonia experiencing an economic and financial crisis is easier the other Baltic countries. Why did Estonia wants to join the euro zone and whether it is profitable to the eu? The transition to the European currency guarantees monetary stability. For ordinary citizens is first and foremost means that the prices of imported goods from Europe will not rise. This is a...
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Economic And Geographic Differences In Italy Only in a few capitalist countries can be found such sharp differences in levels of economic development that exist between North and South Italy. Within the North Triangle, which form the City of Milan, Turin and Genoa, is the area most highly developed industry. Milan - the second most populous city in Italy. Development as industrial, commercial and financial functions of the city occupies the first place, so it often referred to as the business capital of the country. Milan is surrounded by satellite cities, many of which serve him as his production. Milan is widely known as his La Scala opera house. Face Torino determine automobile plants Concern 'Fiat'. With them are associated companies of other firms specializing in the production of tires, ball bearings and electrical cables. Most of the industry serves the North Genoa (900 thousand inhabitants) - largest port in the country. The city and its suburbs, stretching along the sea, there are many industrial enterprises. Coast of the Gulf of Genoa is also of great value resort. Less industrialized on the north-eastern part of the North, where the industry stands out for its Venice. This city is famous for its originality streets, canals and architectural monuments. Waste from industrial and municipal services, polluting the Venice Lagoon, frequent flooding and the gradual lowering of the city pose a problem saving the world-famous architectural monuments of Venice from destruction. A special place in Italy, as in all countries, is the capital. Rome is located in the central part of the peninsula, away from the sea. This is the main administrative, political and cultural center. Amber Capital has firm opinions on the matter. Although at present in Rome, there is a military, chemical, and some other industry, yet its commercial value is low. The city has received worldwide...