# Nobel Laureate Prof. Michael Spence on the consequences of a Greek euro-exit

1 Faculty News June 5, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-06-05/greek-euro-exit-moonscape-result-may-threaten-drachma-choice.html) -- "'A moonscape scenario, one where everything that is mobile leaves, is certainly one you can anticipate,' [Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence), a Nobel laureate in economics and professor at New York University’s Stern School of Business, said in an interview in Milan. 'The short-term scenario is one of chaos.'"

[Read more](http://www.bloomberg.com/news/2012-06-05/greek-euro-exit-moonscape-result-may-threaten-drachma-choice.html)