# Prof. Nicholas Economides on Spain's banking crisis

1 Faculty News June 10, 2012 ![BBC News logo](/sites/default/files/styles/246w/public/assets/images/con_030504.jpg?itok=xD3gBRnr)>

Excerpt from [BBC News](http://www.stern.nyu.edu/networks/ECONOMIDES_BBC_World_News_TV_06102011.wmv) -- "The black hole in the Spanish banking system is very, very large and it would need, I believe, much more than 100 billion euros."

[Watch the video  ](http://www.stern.nyu.edu/networks/ECONOMIDES_BBC_World_News_TV_06102011.wmv)