ECONOMICS: Eastern Europe's "Debt Bombs".

NYTIMES/
The tolls for an unprecedented borrowing binge are starting to fall due. Latvia, Lithuania, Estonia, Bulgaria and Hungary are deeply indebted. All carry foreign debt that EXCEEDS 100 percent of their G.D.P.’s. Who will rescue them? Economist Kenneth Rogoff says he expects a wave of defaults in two years when the countries now serving as guarantors return to their own economic problems.