Bloomberg on likelihood of sovereign debt defaults

Bloomberg.com: "Ballooning public debt is likely to force several countries to default and the U.S. to slash spending, according to Harvard University Professor Kenneth Rogoff , who in 2008 predicted the failure of big U.S. banks. "and later"Greece’s debt totaled 298.5 billion euros ($407 billion) at the end of 2009, according to the Finance Ministry. That’s more than five times more than