Go look at Ireland and Spain as examples of Euro adoption.
Good luck Estonia, the moment you join up (if ever) is going to be the one everyone will immediately start BLAMING the Euro for all the ills and the 10 years of stagnation arriving immediately with it.

the reality is that this 'economist' and most estonian commentators seem to forget that joining the euro will make the country less competitive. I really despair if people here seriously think that joining the Euro means a new tranche of foreign 'investors' will arrive with money to invest. This totally ignores the fact that there is nothing worth investing in - manufacturing industry? better off in a place with a floating currency like poland. The euro just makes this less competitive. Real estate? Yields are more attractive in london paris or new york. IT business? Theft of intellectual knowledge is as widespread here as is employess doing their own projects while working. i dont know how its possible to grow a successful IT business here without western staff which would beg the question, why invest here in the first place in IT.

better to just float the currency if you want industry, at least there is something robots in Estonia can do, with minimal responsibility from locals

Since the end of 2008 my small company has been trying to enter the Polish market. Since it is big, I came to the conclusion that it will soon be inevitable to open up shop in the country itself. So I started to look for a bookkeeping office, sales employee etc. Both were at their first offer/negotiations cheaper than their Estonian counterparts. Labour & administration. I also found out that establishing a company in Poland is a piece of cake. Perhaps not done in 20 online minutes, but still done fast.

This week I found out that making certain in-shop display material is also cheaper to be made in Poland than in Baltics. Because the manufacturer knows that our potential is hundreds of shops and does not see us as a short term milk cow. I don't even have to pre-pay the poor buggers, something I have to do everywere in Estonia, for example.

Logistic costs (deep-sea containers, storage, and micro-distribution) are also favourable, compared to EstLetLit countries. Since there is simply so much of it happening there.

Times are rough and 'baltic' banks have seriously reduced their financing opportunities, even for small but profitable companies like mine. In Poland banks are willing to sign factoring contracts for our Polish clients.

Now, how much do you think I would care for Euro-adoption by Estonia? it will drive me out even faster. Bye bye maksuamet.