The Baltic Times reported on Estonian President Toomas Hendrik Ilves' New Year's speech. President Ilves is widely admired 's and by this pundit too 's which is why I was baffled by a New Year's speech containing such phrases as: "We must not believe those foreboding crisis and crash. They are making an overstatement and a mistake, they mislead and discourage. They are wrong" or: "To portend devaluation is incompetent, is false play. The note of lucrative interests rings too clear in the talk of harbingers of trouble."What? The Estonian economy continued its development of imbal...
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