The Future of Sovereign Debt Crisis

Moody's Investor Service is hosting a summit on emerging markets and the global financial system. We talk to Lee Kohn, who says we are likely to see more sovereign debt crises in the next few years. But he doesn't think they will pose anything like an existential threat to the international financial system. The views expressed by Lee and David here are their own and do not necessarily represent those of Moody's Investor Service.