The Impact Of EU Membership on Estonia Essay Example | Topics and Well Written Essays - 4000 words

The Impact Of EU Membership on Estonia - Essay sampleloose monetary policy...21 Currency board..21 Fiscal policy...26 Tight and loose fiscal policy..26 Debt...27 Deficit28 Maastricht criteria... .31 Agricultural and regional conditions.32 Conclusion.34 References.35 Appendix...38 1. Introduction In 1997, EU decided to give 5 central and Eastern Europe countries a chance to assemble EU, one of the countries was Estonia. This is where the journey of Estonia into joining the EU started. In 1998, Europe balance came into force and this was the legal terms between Estonia and EU until 2004 when a full accession treaty was signed in 2004. The Europe agreement contained cooperations in political affairs, economy, trade, crime prevention and culture (Angelopoulos, Economides, and Kammas 2007, p.890). The agreement promoted bilateral relations between Estonia and European Union. The agreement also helps Estonia ambitions to grow its economy and carry out comprehensive reforms in lead and trade. Further more, it created conditions for expansion of free trade relations. Some of the reasons why Estonia wanted to join the EU was to defy free trading conditions for rustic products, fish products and processed agricultural products (Angelopoulos, Economides, and Kammas 2007, p.890). They also wanted the subsidies for EU agricultural products eliminated on agricultural exports and bringing to an end the unfair practice of anti dumping. Another reason was the worry of customs and duty free services that Estonia encountered