The Estonian President Toomas Hendrik Ilves emphasized that if the state budget deficit exceeds 3% of the gross domestic product (GDP), and Estonia does not join euro-zone, it will mean that the Government of Estonia has failed, BBN quoted ERR News, writes LETA.
"As I said, the work of the Government will be assessed after it has come clear whether we join euro-zone," Ilves said.
According to Ilves, the joining euro is a task which the government has set itself.
"Current cutbacks have been done, so we could join euro. If Estonia joins euro, we can say that the government's policy has been justified. If it appears that we do not get euro /…/ then we can say that the government has failed," he added.
Ilves emphasized that the Government has made several decisions without any discussion.