Rogoff Sees EU Debt Restructurings as Crisis Lingers

Harvard University professor Kenneth Rogoff said the fallout from Europe’s debt crisis will linger for years as the region faces the possibility of default amongst some of its fiscally weakest members.

“Europe is experiencing problems that will take years to play out,” said Rogoff, who is also a former chief economist at the International Monetary Fund. “The periphery countries are obviously in deep fiscal trouble; I think we will see restructuring still in some of the periphery countries,” he said, speaking at a conference hosted by the Confederation of Norwegian Enterprise in Oslo today.