# In an op-ed, Prof. Nicholas Economides proposes a solution to Greece's public debt issues

1 Faculty News July 16, 2014 ![](/sites/default/files/styles/246w/public/assets/images/greekreporter.jpg?itok=SrmyK_ao)>

Excerpt from [Greek Reporter](http://greece.greekreporter.com/2014/07/16/how-to-solve-the-greek-public-debt-problem/) -- "Greece has not yet convinced investors that it is at a stage of recovery. How can it convince them? Through public investment with money raised from the sale of new bonds. Greece should issue, every year for 3-4 years, €5 billion per year of 5-year or 7-year bonds at an interest rate of 4-4.5% and put all the money raised in a 'Development Fund.' Greece should ask the large European countries (Germany, France) to put €1 billion in total to the same fund, and have common governance."

[Read more](http://greece.greekreporter.com/2014/07/16/how-to-solve-the-greek-public-debt-problem/)