Harvard’s Rogoff Sees ‘Bunch of Sovereign Defaults’ (Update1)

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAd.sSfnhpTA&pos=5

He said financial markets will eventually drive interest rates higher, and European countries such as Greece and Portugal will “have a lot of troubles.” Global scrutiny of sovereign debt has risen as nations including Greece reveal fiscal deficits that have swollen in the wake of the worst global financial crisis since the Great Depression.