If you look at the graph with the longer time horizon, you can see that Estonia, Lithuania and Latvia had stronger growth pre-crisis, a bigger bubble, a bigger collapse from the bubble, and a stronger recovery from the performance trough. Only by measuring by performance from their GDP peak do they look bad, and it's not obvious why this is the natural measure of recovery policies. You would think performance from the trough of the crisis or from some neutral pre-crisis point would be more relevant.

Here is another article with more graphs explaining this point: http://blogs.cfr.org/geographics/2012/07/02/postcrisis/ -- though you will find some debate in the comments.