off2bed
Disambiguator
- Joined
- Apr 11, 2008
- Posts
- 16,104
Austerity, tax cuts, and freedom. They work every time they're tried.
http://www.cnbc.com/id/47691090The economy grew 7.6 percent last year, five times the euro-zone average.
Estonia is the only euro-zone country with a budget surplus. National debt is just 6 percent of GDP, compared to 81 percent in virtuous Germany, or 165 percent in Greece.
Estonia has also paid close attention to the fundamentals of establishing a favorable business environment: reducing and simplifying taxes, and making it easy and cheap to build companies.