Congratulations Estonia! Welcome To The Eurozone

Estonia Party

Estonia is set to become the 17th member of the eurozone on January 1, 2011, according to Ria Novosti.

Estonia has met the requirements of the Maastricht Treaty, having held its deficit to 1.7% of GDP in 2009.

The same can not be said for some of its future partners in the euro, most notably Greece.

Estonia will be joining a currency union that is now in significant doubt after 6 months of chaos surrounding its PIIGS member states.

Here’s what you need to know about why the eurozone has fallen apart >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.