# Professor Nicholas Economides on the state of Greek banks

1 Faculty News June 18, 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/2015-06-18/euro-area-leaders-to-hold-summit-on-monday-to-discuss-greece) -- "'The extreme economic uncertainty coupled with fears of currency change have driven withdrawals to unprecedented levels, wiping in four days the cushion of about 3 billion euros of the Greek banking system,' said [Nicholas Economides](http://www.stern.nyu.edu/faculty/bio/nicholas-economides), professor of economics at New York University’s Stern School of Business."

[Read more](http://www.bloomberg.com/news/articles/2015-06-18/euro-area-leaders-to-hold-summit-on-monday-to-discuss-greece)