# Prof. Nicholas Economides on the future of Greece's economy

1 Faculty News February 3, 2015>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2015-02-02/greece-standoff-sparks-ire-from-u-s-u-k-over-economic-risks) -- "'Without European loan support, Greece will run out of money in March, possibly sooner,' said [Nicholas Economides](http://www.stern.nyu.edu/faculty/bio/nicholas-economides), professor of economics at New York University’s Stern School of Business. 'This could result in a new Greek bankruptcy within the euro or even a "grexit,"' the term used for a Greek withdrawal from the common currency."

[Read more](http://www.bloomberg.com/news/articles/2015-02-02/greece-standoff-sparks-ire-from-u-s-u-k-over-economic-risks)