# Professor Nicholas Economides comments on Greece's 8.5 billion euro loan

1 Faculty News June 16, 2017 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](https://www.bloomberg.com/politics/articles/2017-06-15/creditors-reach-bailout-deal-with-greece-unlocking-crucial-aid) -- "'The bottom line is that, although default was averted, no measures were taken that would create a path leading Greece to financial markets,' said [Nicholas Economides](http://www.stern.nyu.edu/faculty/bio/nicholas-economides), professor of economics at the Stern School of Business, New York University. 'At present, a fourth loan agreement in 2018 seems likely.'"

[Read more](https://www.bloomberg.com/politics/articles/2017-06-15/creditors-reach-bailout-deal-with-greece-unlocking-crucial-aid)