Rogoff: Wave Of Public Debt Defaults Coming

Tuesday, 23 Feb 2010 12:09 PM
By: Julie Crawshaw

Kenneth Rogoff, Harvard professor and former IMF chief economist, sees a series of sovereign debt defaults coming.

Ballooning public debt is likely to force several countries to default and the United States to slash spending as a result, Rogoff says.

Following banking crises, “we usually see a bunch of sovereign defaults, say in a few years. I predict we will again,â€