# An interview with Prof. Nicholas Economides on the potential impact of a Greek exit from the euro

1 Faculty News August 23, 2012 ![Fox Business logo](/sites/default/files/styles/246w/public/assets/images/con_031722.jpg?itok=a0Gxu60a)>

Excerpt from [Fox Business](http://video.foxbusiness.com/v/1801260232001/impact-on-euro-of-a-potential-greek-exit) -- "Well, first of all there will be a run on the banks in the transition of Greece to a new drachma - that's problem number one. Problem two is that there is going to be very high inflation as the new drachma gets heavily divided against the euro."

[Watch the video](http://video.foxbusiness.com/v/1801260232001/impact-on-euro-of-a-potential-greek-exit)