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Foreign Minister Urmas Paet: Estonia Has Special Relationship with Iceland


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At his meeting in Reykjavik with Icelandic President Olafur Ragnar Grimsson, Foreign Minister Urmas Paet confirmed that Estonia highly values its close and special relationship with Iceland. “This is based on Iceland’s quick decision to recognise Estonia’s restored independence as well as the wonderful co-operation and mutual understanding that have taken place in the following years,” Paet stated.

At his meeting with President Grimsson, Foreign Minister Paet noted that Estonia hopes for smooth accession negotiations for Iceland with the European Union. “Estonia supports Iceland acceding to the EU as soon as possible. We believe that agreements can be reached even on more complicated topics, like fishery,” said Paet.

At a meeting with Parliament (Alþing) Speaker Ásta Ragnheiður Jóhannesdóttir and the parliamentary foreign affairs committee, Paet spoke about Estonia’s experiences with joining the European Union, adopting the euro, and the general economic situation between Estonia and the EU currently. “The European Union has a good strong framework for implementing economic and budgetary policy,” said Paet. “Now we must focus on patiently implementing the things we’ve agreed on, in order to assure the sustainability of the budgetary policy and restore the EU’s competitiveness,” he added.

Paet said that Estonia’s two years as a member of the euro zone have gone well despite the general negative developments in the global economy.



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