# Professor Gian Luca Clementi explains why he does not believe Greece will leave the European Union

1 Faculty News June 25, 2016 ![NY1 News logo](/sites/default/files/styles/246w/public/assets/images/con_031426.gif?itok=fvySWnbY)>

Excerpt from [NY1](http://www.ny1.com/nyc/all-boroughs/news/2016/06/25/after--brexit---greek-americans-in-queens-wonder-if-greece-will-be-next-.html) -- "[Gian Luca Clementi](http://www.stern.nyu.edu/faculty/bio/gian-luca-clementi), an associate professor of economics at New York University, says he doesn't think Greece will leave the European Union. Instead, he believes creditors will reach an agreement with Greece that eases anger inside the country toward the E.U. 'I think what has to happen with Greece \[is that\] a good chunk of the loans are forgiven,' Clementi said. 'Their debt is several times more than their GDP.'"

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