Faculty News

Professor Nicholas Economides explains the legal barriers to implementing Greece's debt deal

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Excerpt from Bloomberg -- "It looks like there are going to be laws passed in Greece, the agreement laws... But then the laws have to be implemented, and that will happen sometime in the fall and that will be problematic. Additionally, there is a very important political wrinkle in this problem that the ruling coalition government does not have enough votes to pass these laws because some of their own deputies are going to vote against them, so these laws are going to pass with the opposition votes, which puts the government in a very precarious position. And it makes very likely that in early fall, this government will look for elections... as a way out of its problems."

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