Faculty News

Professor Nicholas Economides on the uncertain future of Greece's banks

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Excerpt from NPR -- "And without functioning banks Greece's economy will grind to a halt. Economides says so far there has been some panicked buying of essentials like fuel and medicine. But if the banks stay closed, things will get much worse. 'As the banks are closed and people have a hard time importing stuff from abroad, very soon in a week, two weeks, three weeks, there will be shortages because merchants are not going to be able to import,' Economides says."

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