Estonia Needs Backup Plan for Euro Defections, President Says
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Estonia, which adopted the euro at the start of last year, needs a “plan B” to weather defections from the single-currency region, President Toomas Ilves said.
“We must be honest with ourselves and the European Union in general,” Ilves said in a meeting with Finnish Prime Minister Jyrki Katainen in Tallinn today. “We also need to be prepared for considerable future changes to the current euro area, where some of us will move on and others will remain.”