The small eastern European country of Estonia will officially adopt the euro as it’s currency on January 1. Boasting a population of just over one million, the 17th country to adopt the euro also has the lowest governmental debt in the EU. But who gets more from Estonia’s transition? Many economists say the small country will benefit greatly from a more international currency, and Estonian officials seem eager to show the country’s entrance to the West and independence from Russia and the former Soviet Union.

We’re joined for more on the story by Damien McGuiness, Baltics correspondent for our partner the BBC.