World Economic Forum 2014: Overheard in Davos

By Bloomberg Briefs - 2014-01-22T18:19:25Z

Photograph by Andrew Harrer/Bloomberg

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Kenneth Rogoff

Europe’s stock market rally isn’t unusual, even amid caution over the robustness of the region’s economy, said Harvard University Professor Kenneth Rogoff. Europe’s financial crisis “is worse than you might think,” Rogoff said. “After other financial crises, we have had a similar pattern with equity markets, at least for the first few years, so this isn’t something out of character.”