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European welcomes Estonia to join

09-21-2010 14:14 BJT

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European Central Bank chief Jean-Claude Trichet has been promoting the euro in Estonia. The Baltic nation is making preparations to adopt the shared currency in January.

Estonia will be the 17th nation to adopt the euro, and it will also be the first from the former Soviet Union. The Eurozone is facing its severest crisis since the currency's inception in 1999, and some governments are struggling with heavy debt and big deficits. Trichet said on Sunday that Estonia's inclusion in the zone shows that the euro "is not a closed shop", and is open to all willing to meet the tough requirements. Adoption is widely seen as a success in Estonia. The country with 1.3 million people has integrated its tech-savvy economy with the European Union.

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Editor:Zhang Jingya |Source: CNTV

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