Estonian economy is liberal, marginal and vulnerable
Posted by: Baltic Tiger
in News
on Dec 18, 2009 
Estonia must admit to itself that it is a small 
n country that has an open economy, marginal importance and is vulnerable to global downturns.
This is the view of Peeter Koppel, strategist of SEB's private banking strategist, in comment to the statement of the central bank that borrowing terms were gradually improving and banks should become profitable again at the end of next year.
"The tension has notably fallen, partly thanks to the central bank," Koppel told Äripäev, adding: "If we look at the global environment, both the fall in the value of collateral and growth in overdue loan amount is slowing down."
Source: BBN
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