CAMBRIDGE: In elections last March, Estonia’s reform government was rudely toppled from power by a left-leaning coalition. In light of its accomplishments, dismissal of the reform government seems an ungrateful act by Estonian voters. For by 1994 Estonian inflation was down to an annual 20% (lowest in the FSU), and the economy was growing at a rate of 5% (highest in the FSU), with forecasts predicting even stronger growth.
CAMBRIDGE: In elections last March, Estonia’s reform government was rudely toppled from power by a left-leaning coalition. In light of its accomplishments, dismissal of the reform government seems an ungrateful act by Estonian voters. For by 1994 Estonian inflation was down to an annual 20% (lowest in the FSU), and the economy was growing at a rate of 5% (highest in the FSU), with forecasts predicting even stronger growth.