Do globular clusters time the Universe?

Estimating the age of the Universe is an old problem. Rapid progress in observational cosmology in recent years has led to more accurate values of the fundamental parameters. The current most popular model is a flat Universe, with about 30% of the critical density in the form of matter (baryonic and non-baryonic) and 70% in the form of `dark energy'. These two densities, together with the Hubble constant (estimated to be about 70 km/s/Mpc), constrain the age of the Universe to be approximately 13 Gyr. This expansion age is uncomfortably close to the age of the oldest globular clusters (approximately 12.5 Gyr), in particular if they formed relatively recently. We review here proposed models of globular cluster formation and point out possible conflicts with cosmology.