# Professor Nicholas Economides on Greece's delay in making payments to the International Monetary Fund

1 Faculty News June 5, 2015 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2015-06-04/greece-defers-imf-payment-as-merkel-warns-crisis-far-from-over) -- "'The delay in the payment to the IMF is an escalation of the confrontation,' [Nicholas Economides](http://www.stern.nyu.edu/faculty/bio/nicholas-economides), an economics professor at New York University’s Stern School of Business. 'It increases the risk of bankruptcy and Grexit.'"

[Read more](http://www.bloomberg.com/news/articles/2015-06-04/greece-defers-imf-payment-as-merkel-warns-crisis-far-from-over)