# Professor Nicholas Economides discusses failed economic reforms in Greece

1 Faculty News July 7, 2015 ![NPR logo](/sites/default/files/styles/246w/public/assets/images/con_030855.jpg?itok=Ti1_93MD)>

Excerpt from [NPR](http://www.npr.org/2015/07/07/420769445/the-global-financial-crisis-really-did-a-number-on-greece-s-economy) -- "In the beginning of the program, people thought, OK, we're going to get into this program. After a year, we'll be fine. We will have a one-year recession, and after a year, we will be growing. ... According to the targets, Greece would recover almost immediately in 2011, and that didn't happen. Greece did not recover in 2011, did not recover in 2012, did not recover in 2013."

[Read more](http://www.npr.org/2015/07/07/420769445/the-global-financial-crisis-really-did-a-number-on-greece-s-economy)