Rogoff has been misquoted by the Telegraph I think?

Removal of fiscal stimulus has deflationary implications, not inflationary as stated in the last line of this article.

http://www.telegraph.co.uk/finance/economics/7301083/Greece-will-be-start-sovereign-default-domino-effect-warns-Ken-Rogoff.html

Fiscal stimulus is inherently inflationary; that is the entire point of it (to counteract other surrounding deflationary forces).

I say he must have been misquoted, because I find it impossible to believe a man of these credentials would misunderstand something as basic as that.