The European bailout package is just a "fig leaf" covering the problem, Ken Rogoff tells CNBC,...

|By:, SA News Editor

The European bailout package is just a "fig leaf" covering the problem, Ken Rogoff tells CNBC, and it would have been wiser to let Greece and Portugal out of the EU in an orderly fashion. Rogoff says a weaker euro might boost the eurozone economy due to export growth but would hurt the U.S.