# Prof. Nicholas Economides on Greece's economic problems

1 Faculty News March 21, 2014 ![NPR logo](/sites/default/files/styles/246w/public/assets/images/con_030855.jpg?itok=Ti1_93MD)>

Excerpt from [NPR](http://www.npr.org/blogs/money/2014/03/21/292385791/the-numbers-are-getting-better-the-people-are-getting-worse) -- "The Greek government is starting to fix some of its fundamental problems, says [Nicholas Economides](http://www.stern.nyu.edu/faculty/bio/nicholas-economides), a professor at NYU. To crack down on tax evasion, the government now puts property tax on power bills. So if people don't pay the tax, the power gets cut off."
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