# In an op-ed, Professor Nicholas Economides argues that Greece and the New Democracy party will fail without economic reforms

1 Faculty News January 10, 2016 ![Kathimerini logo](/sites/default/files/styles/246w/public/assets/images/con_033652.jpg?itok=i4E1_2-j)>

Excerpt from [Kathimerini](http://www.stern.nyu.edu/networks/Without_reforms_New_Democracy_and_Greece_commit_suicide.pdf) -- "Without reforms, a reduction of the State sector, reduction in taxation and increase in production, Greece will continue to repeatedly need EU loans, with its misery increasing. Still, prime minister Tsipras is popular because the opposition parties, and especially ND \[New Democracy\] have not yet presented reforms and policies that would solve the present problems."

[Read more](http://www.stern.nyu.edu/networks/Without_reforms_New_Democracy_and_Greece_commit_suicide.pdf)