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Rogoff Sees a Few East Europe States Going Bust, Profil Reports

Harvard University professor Kenneth Rogoff is expecting a few eastern European countries to go bust in the next two to three years, Profil magazine reported, citing an interview.

Not everyone will survive the consolidation of the state budgets, Rogoff told the Vienna-based magazine. Ukraine, Romania and Hungary are “potential wobblers,” Rogoff said, adding that it is impossible to predict which countries may go bust.