Estonian Protesters Rally against 'Euroruble'

As Estonia is about to become the 17th Euro Area member on January 1, 2011, anti-euro protesters have rallied in downtown Tallinn.

The protesters' banners read slogans such as "Estonia! Welcome on board of the Titanic!" and "Stop the euroruble!", reported the Baltic Business News.

The rally against the adoption of the euro took place in a part of downtown Tallinn, which on December 31, 2010, will host the main celebrations for Estonia's accession to the euro zone.

According to the MTU Oma Riik organization, which is behind the anti-euro movement, the majority of the Estonians do not wish to give up the kroon, and the euro itself will not bring the desired financial stability. The movement has demanded a referendum on the adoption of the euro.

"The Estonian kroon has functioned very well in its 18 years. Euro will not bring the stability that is being promised. Our current economic policy will become a farce from the moment when we get the bill for the pyramid schemes of Irish and Greek banks," the movement leader Anti Poolamets is quoted as saying.

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