Estonia 1998: The road West gets rougher

  • 1998-12-17
After leading a charmed existence of sorts, Estonia learned a thing or two about hard knocks in 1998. Banks have had it especially tough - three closed their doors and the central bank had to bail out another - while rifts in the ruling coalition have it heading into spring elections bruised and battered. But citizenship reform was completed, and membership talks with the EU officially started.January-February¥ The Tallinn Stock Exchange begins to slide downward, dropping by 9.55 percent. On Jan. 12, it drops by almost 11 percent to close at 258.52 due to problems in Asia and world fin...
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