In 2007, however, a large current account deficit and rising inflation put pressure on Estonia's currency, which was pegged to the Euro, highlighting the need for growth in export-generating industries. Estonia exports mainly machinery and equipment, wood and paper, textiles, food products, furniture, and metals and chemical products. Estonia also exports 1.562 billion kilowatt hours of electricity annually. At the same time Estonia imports machinery and equipment, chemical products, textiles, food products and transportation equipment. Estonia imports 200 million kilowatt hours of electricity annually.

When did a huge deficit and rising inflation place pressure on Estonia's currency?