• 1998-12-17
The Baltic Times has awarded the title "Baltic Man of the Year" to those figures who, for better or worse, have had the most impact on events in 1998.Scribes and prophets welcomed 1998 with declarations of a consumer boom. By summer, however, the first alarm bells started going off. In hindsight, the failure of Maapank in June seems a much clearer warning of things to come than most took it for at the time.Today grumbles about a financial crisis are getting louder. Banks have failed and banks have been saved. Farmers are pouring out milk on the streets. No one knows whether to blame it all ...
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