Kenneth Rogoff: 'Some European Countries Are Fundamentally Bankrupt'

Fears of a double-dip recession are growing following turmoil on the stock markets and Standard & Poor's downgrade of the US. In a SPIEGEL interview, Harvard economist Kenneth Rogoff criticizes President Obama for giving in to the Tea Party in the debt-ceiling negotiations and argues that the euro zone has to become a transfer union.

Der Spiegel, 8 August, 2011

Publikáció: