When history repeats itself, the first time is a tragedy; the next is a farce.…
The Baltic Republics and the Crisis of 2008–2011 Rainer Kattel and Ringa Raudla
Analysing the Baltic republics’ response to the crisis of 2008–2011, the essay shows that the Baltic ‘model’ of crisis resolution cannot be replicated anywhere else in Europe.
Crisis_2008_2011 (Download the full text in PDF format)