# Prof. Nicholas Economides on the European credit crisis

1 Faculty News June 15, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg TV](http://www.bloomberg.com/video/94782075-economides-ecb-has-to-guarantee-eurozone-deposits.html) -- "Well I think that the European integration has to move quickly and create a guarantee for the deposits of depositors in any European country by the ECB and not by the national banks. Because people will lose credibility. The national banks have lost credibility."

[Watch the video](http://www.bloomberg.com/video/94782075-economides-ecb-has-to-guarantee-eurozone-deposits.html)

Additional coverage appeared in [ABC News](http://abcnews.go.com/WNT/video/greek-election-results-calm-markets-conservative-government-international-16591407), [Reuters TV](http://www.youtube.com/watch?v=MmszC_FaGFE&feature=youtu.be), [Bloomberg Radio](http://media.bloomberg.com/bb/avfile/Economics/On_Economy/vm.r5DgOyI2A.mp3), [Bloomberg TV](http://www.bloomberg.com/video/94867981-nyu-s-economides-on-greece-elections-europe-debt.html), [BBC TV](http://www.youtube.com/watch?v=KHADGzGhl-Q&feature=youtu.be) and [Capital.gr](http://www.capital.gr/capitaltv/playerNew.aspx?id=1245&hd=1).