EU recommends Estonia eurozone entry on Jan 1, 2011

The European Commission on Wednesday gave Estonia the green light to become the 17th country to switch to the shared euro currency as of January 1, 2011.

"Estonia has achieved a high degree of sustainable economic convergence and is ready to adopt the euro on 1 January 2011," European Union Commissioner for Economic and Budgetary affairs Olli Rehn said. Read more>>>