# Prof. Nicholas Economides discusses how the goals of Greece's Syriza party could impact its economy

1 Faculty News December 18, 2014>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-12-18/samaras-confronts-peril-putting-his-greek-record-to-vote.html) -- "Led by Alexis Tsipras, \[the Syriza party\] aims to increase wages, expand the number of government jobs and persuade the European Central Bank and the euro area to write-off some Greek debt. 'None of these actions has a chance of being accepted by Greece’s lenders,' said [Nicholas Economides](http://www.stern.nyu.edu/faculty/bio/nicholas-economides), an economics professor at New York University’s Stern Business School. 'If Syriza insists on these policies, Greece will have to leave the euro with extremely dire consequences.'"

[Read more](http://www.bloomberg.com/news/2014-12-18/samaras-confronts-peril-putting-his-greek-record-to-vote.html)