# Prof. Nicholas Economides on the management of the EU debt crisis

1 Faculty News August 20, 2012 ![](/sites/default/files/styles/246w/public/assets/images/con_037292.gif?itok=A85C1tn5)>

Excerpt from [Ilsussidiario](http://www.ilsussidiario.net/News/English-Spoken-Here/Economics-Finance/2012/8/20/GREEK-CRISIS-Economides-NYU-Lack-of-leadership-in-the-EU-leading-to-collapse/312982/) -- "The EU leaders do not quite understand that they live in a world of financial markets and they are not the absolute monarchs of the past. Their behavior shows they are not in synch with reality."

[Read more](http://www.ilsussidiario.net/News/English-Spoken-Here/Economics-Finance/2012/8/20/GREEK-CRISIS-Economides-NYU-Lack-of-leadership-in-the-EU-leading-to-collapse/312982/)