Likely euro adoption puts Estonia on positive watch


Fitch Ratings on Tuesday placed Estonia's long-term foreign and local currency ratings on positive watch after its government published debt figures which take the country a step closer to joining the eurozone.

Data published last Friday by Statistics Estonia put the general government deficit figure at 1.7% of GDP, well below the 3% deficit mark required for euro accession. The figure is expected to be confirmed by Eurostat on 22 April.

Fitch now expects the European Commission to recommend Est

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