# Professor Nicholas Economides discusses the potential consequences of failed bailout talks in Greece

1 Faculty News June 16, 2015 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/videos/2015-06-16/is-it-game-over-for-greece-) -- "This would be a total disaster for Greece. People would lose a big percentage of their incomes. They have already lost 25%, but they might lose 50% more. So, given the circumstances, it's not going to be a great deal, but bankruptcy is much, much worse."

[Read more](http://www.bloomberg.com/news/videos/2015-06-16/is-it-game-over-for-greece-)