# Prof. Nicholas Economides is interviewed on the ECB and the Fed

1 Faculty News September 4, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/video/nyu-s-economides-on-fed-policy-outlook-for-europe-9usrbpvqTHCGFiVb1cpUPQ.html) -- "I'm afraid by now the ratings in Europe are almost collective, so even the countries that are in good shape now and have a triple A rating will have a problem as the crisis escalates. If Mario Draghi is successful in buying the bonds of Italy and Spain and the the crisis is contained, then I think we are looking at a much brighter future for the euro-zone."

[Read more](http://www.bloomberg.com/video/nyu-s-economides-on-fed-policy-outlook-for-europe-9usrbpvqTHCGFiVb1cpUPQ.html)