Boarding the sinking ship
How Obama drove central and eastern Europe towards the eurozone – at the worst possible timeOn 1 January last year, while the euro was staggering drunkenly across the exchanges, the Baltic republic of Estonia joined the single currency. It was like watching a sturdy little lifeboat ferrying new passengers determinedly towards the Titanic after the ship had struck the iceberg. What could they possibly mean by it? ‘For Estonia, the choice is to be inside the club, among the decision makers, or stay outside of the club,’ the Estonian prime minister told reporters.