# Professor Nicholas Economides argues for why he believes Greece will be unable to repay its debts under its new debt-relief plan

1 Faculty News June 21, 2018 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2018-06-21/greece-s-creditors-agree-landmark-debt-deal-as-bailout-saga-ends) -- "'Under these conditions, Greece is unlikely to achieve fast growth, and therefore will be unable to pay back its debt in full despite a 10-year postponement of maturities granted by the EU,' said [Nicholas Economides](http://www.stern.nyu.edu/faculty/bio/nicholas-economides), professor of Economics at the Stern School of Business at New York University."

[Read more](https://www.bloomberg.com/news/articles/2018-06-21/greece-s-creditors-agree-landmark-debt-deal-as-bailout-saga-ends)