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Rogoff Says Europe Must Put Greece in ‘Outer Orbit’ to Save Euro

Harvard University economics professor Kenneth Rogoff said Europe’s single currency can survive if member states form a closer political union and leave countries like Greece in an “outer orbit.”

“My best guess is, the euro stays but not everyone currently in it ends up in the first orbit,” Rogoff said in an interview with Tom Keene on Bloomberg Television today at the World Economic Forum in Davos, Switzerland. “They’re going to need a closer union and put some of the countries like Greece into an outer orbit for a long time.”