A friend of mine has been talking interestingly about the Euro and Estonia in an EU sponsored blog-thing. (And the EU are being good sports, as a lot of the posts are euroskeptic.)

Still, there is hardly a common strategy to dealing with the crisis. The UK, already saddled with the highest rate of personal debt in the world, decided to cut taxes and try to promote more spending. Most of the European states are not being quite that cavalier, although almost all of them have been bailing out their large financial and commercial institutions, in an effort to stave off disaster.