Rogge: EU Agreement Can Not Fundamentally Solve The Debt Crisis.

Beijing time on October 28th morning, 2008 has successfully predicted that the United States will have a large scale.

Rogoff, who attended the FX11 summit held in New York by Bloomberg, said that European leaders had no strategy to solve the problem. Instead, the most dangerous situation is that the euro can not operate normally.

Earlier, European leaders passed a package of measures to rescue Greece and alleviate the crisis and reached agreement on related issues.

But media and analysts generally agree that there is still a need for further negotiations on how to use these rescue funds and how to supervise and rescue the banking industry. Political struggles and investor dissatisfaction will always be troubling negotiations.

Rogoff believes that when debt accounts for more than 90% of gross domestic product (GDP), the economy will face risks.

However, one goal of the European Agreement is to strive to reduce debt to GDP by 120% before 2020.