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By economic indicators Estonia is in the major failures inEurope

По экономическим показателям Эстония входит в число главных неудачников Европы

Clouds are still gathering over the Eurozone economy, and even a reduction in the cost of credit will not be able to bring Europe’s economy to growth in the nearest time. Estonia is one of three countries where the economy declined annually

in the fourth quarter. The rate of growth of

the economy of Estonia leaves wishing for the</WS>best.”> The rate of growth of the economy of Estonia leaves wishing for the</WS>best. Photo: Sander Ilvest</p>
<p>The Eurozone economy is still clouded, and even the reduction in the cost of credit will not be able in the next time to bring the</p>
<p>European economy to growth. Estonia is one of three countries, where in the fourth quarter <a href=economy decreased in annual calculations.

European economy froze. Although the fourth quarter still showed a slight positive change in compared with the previous year, with the third quarter the growth was zero.

The European Central Bank (ECB), which will be able to stimulate the economy by lowering interest rates, But because of rising prices exceeding the target of two percent, they are not deciding to do this shan. So, the reduction of key interest rates on Thursday was limited to only 25 basis points. ECB President Christine Lagarde announcedat apress conferencethatthereductionoftherateby50basispointswasnot evendiscussed.

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