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Old 08-11-2010, 10:32 AM
 
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Estonia’s economy, which suffered the European Union’s third-deepest recession last year, recorded annual growth for the first time in two and a half years as exports recovered.

The economy of the Baltic nation, which in January will become the third eastern European state to adopt the euro, expanded at the second-fastest pace in the EU in the second quarter, trailing only Sweden.

Estonian Economy Grows Annual 3.5% in Second Quarter, Spurred by Industry - Bloomberg
What are countries like Estonia doing that the U.S could learn from? Estonia for those that don't know has a flat tax system.
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Old 08-11-2010, 10:42 AM
 
Location: NC
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Originally Posted by Motion View Post
What are countries like Estonia doing that the U.S could learn from? Estonia for those that don't know has a flat tax system.

Umm being Estonia had GDP drops of over 10%, I wouldn't read too much into the "recovery" there. They basically crashed to nothing and it isn't hard to grow out of nothing.

In fact I would like to see a growth rate of over 7% in Estonia before I go out and say "growth is back!"
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Old 08-11-2010, 10:43 AM
 
Location: Sango, TN
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They don't have a military budget twice that of the rest of the world combined?
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Old 08-11-2010, 11:25 AM
 
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This touhes on how Paul Krugman misread things with Estonia.

FT.com / FTfm / View from the US - Estonia
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