
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. 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.