Tuesday, November 1, 2011

Estonia in a good place

There has been a lot of talk about all the debt around the world. In the US, it has been a very heated debate that basically brought the country to a halt. People on both sides of the debate have their thoughts and statistics and history to show how their side is correct, but everyone agrees that debt isn't good, it maybe necessary and can help expand quicker, but long term its not a good thing. This brings me to a story I found on CNN.com. It was about debt in Europe. Everyone knows Greece has had some major problems and there is talk about Ireland, Portugal, Spain and Italy. All of the Western European countries are facing some tough times, but in this graphic you can see just one country in light blue and thats Estonia with 6% debt of GDP, the lowest in Europe. Estonia has made some tough decisions and cuts to avoid problems. Also, it has chosen a slower, conservative path to economic growth that I think is putting in a great position for the future.
Check out the story here.

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