A by-product of Estonia’s persistent prudent policies or – should we say – a prize for its very top stands during last 10 years, that is also going to be its membership of the Euro area as early as 2011.
These remarks represent my own views, which do not necessarily represent those of the Federal Reserve Board or the Federal Open Market Committee. -2Employment remains strong. The employment-to-population ratio for prime-age adults has moved up to its pre-recession peak, and the three-month moving average of the unemployment rate is near a 50-year low.