"In terms of small countries, it’s basically how you do things.
Plaid Cymru and the SNP (conveniently forgetting the country's less than stellar record on minority rights) lapped it all up:
Estonia's success has shown how quickly a small independent nation can flourish by taking full responsibility for its own affairs. Isn’t it time Scotland did the same?
No, if you read the latest figures, probably not; Bloomberg is reporting:
Estonia’s $21.3 billion economy contracted an annual 9.4 percent in the fourth quarter, heightening investor concerns the country may not be able to weather the global credit freeze.
Estonian industrial production fell the most in the 27- member European Union in December as the economic crisis shuts off export demand, exacerbating a slump in consumer spending that began at the start of 2008.
Estonia and neighboring Latvia are the most battered economies in eastern Europe as the global decline curbs demand for their exports while shutting off credit and investment. Standard & Poor’s and Moody’s Investors Service put Estonia’s ratings on review for a possible downgrade in February, citing the worsening economic outlook.
*Bang* goes another role-model.