[PDF.75cn] The Baltic Countries: Medium-Term Fiscal Issues Related to EU and NATO Accession (Occasional Paper)
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The Baltic Countries: Medium-Term Fiscal Issues Related to EU and NATO Accession (Occasional Paper)
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Ten years after regaining independence, the Baltic Countries--Estonia, Latvia, and Lithuania--are expected to be invited to join the European Union (EU) and NATO in 2004. This paper provides a macroeconomic perspective on the Baltics' remarkable economic success to date and of the fiscal challenges that the Baltics face in joining the EU and NATO. The authors offer guidance in this regard by deriving some principles on the appropriate medium-term fiscal stance for the Ba...
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