The IMF: Estonia’s public debt is on an unsustainable trajectory (opens in new tab)

The International Monetary Fund has warned that Estonia’s public debt is on an unsustainable path under current policies; the Bank of Estonia agrees with that assessment and says the country needs a cross-party agreement, similar to those in Sweden and Finland, to keep public finances on a sustainable track. Ülo Kaasik, the governor of the Bank of Estonia, said the IMF’s assessment largely matches the central bank’s own position. “The state of public finances unfortunately means that Estonia ...