Wednesday, May 23, 2007

EU's Almunia Says Estonia Must Stem Labor Shortages, Boost Productivity

(Bloomberg) -- European Union Monetary Affairs
Commissioner Joaquin Almunia warned Estonia, the bloc's second
fastest-growing economy, to stem labor shortages and speed up
increases in productivity in order to catch up with wealthier
member states.

``Estonia is not exempt from my warning to pick up the pace
of reform,'' Almunia said in a speech at a conference in
Estonian capital Tallinn today. ``Increasing labor supply and
productivity,'' in Estonia ``remains a key challenge.''


Read more at Bloomberg Emerging Markets News

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