Faculty News

Prof. Nicholas Economides on the state of Greece's economy

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Excerpt from OZY -- "After four years when no bank would touch it, Greece was able to borrow abroad by issuing 5-year bonds at 4.75 percent interest, raising 3 billion euros. A booming tourism industry — occupancy rates are up by 25 percent — has helped the economy return to timid growth but doesn’t provide a long-term solution. Foreign investment? Just a dream. 'Greece has not yet convinced investors that it is at a stage of recovery,' says Nicholas Economides, professor of economics at NYU and UC Berkeley."

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