Author Archives: N_Economides

About N_Economides

New York University

How To Solve The Greek Public Debt Problem

How To Solve The Greek Public Debt Problem In an article in ESTIA, Prof. Nicholas Economides discusses how issuing new bonds and using the moneys exclusively for investment will solve the Greek sovereign debt problem. Additionally he proposes reducing interest … Continue reading

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Greece should issue new bonds before the European elections

In an article published in Kathimerini, on February 9, Prof. Nicholas Economides proposes that Greece issue new 5-year bonds immediately, that is, before the European elections. This would be the first time Greece would issue bonds since its crisis in … Continue reading

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Danger signs for Greece

In an interview with the National Herald (New York), Nicholas Economides underlines the danger of a national disaster of the extent of the Asia Minor Disaster and the Civil War if Greece leaves the Euro. Among other terrible results are … Continue reading

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Greek Elections 2012—TV interview of Nicholas Economides

In an interview with Bloomberg News TV, Nicholas Economides discusses the economic dilemmas facing the voters in the elections, and the impact of their decisions on Greece and the European Union. Α more extensive discussion at Chinese Radio International here.

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Haircuts and growth — Radio interview of Nicholas Economides

Nicholas Economides discusses recent economic developments at NET Radio on March 17, 2012. His main points are as follows. Although the Greek economy might require an additional haircut on loans, this will be hard to do given that most Greek … Continue reading

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Greece at the PSI—TV Interview of Nicholas Economides

As Greece exchanges its old bonds with higher quality bonds and imposes a “haicut” on the face value of the old bonds, Nicholas Economides discusses Greece’s prospects. He underlines the necessity of new investment initiatives that start with bilateral national … Continue reading

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What is the best option for Greece? Stay the course? Declare bankruptcy? Leave the Euro?

Nicholas Economides evaluates the options available to Greece: (A) accept the new agreeement with the lenders, receive €130 billion, and implement the PSI; (B) declare bankruptcy within the eurozone; and (C) decrare bankruptcy and leave the eurozone. He argues that option … Continue reading

Posted in Banking and finance, Economic development, Europe, Macroeconomics, Public finance | 1 Comment

Nicholas Economides interviewed on Bloomberg on the downgrade of Eurozone countries by S&P

S&P downgrades EU countries, Bloomberg TV interview January 13, 2012. In this interview, Nicholas Economides discusses the mass downgrade of EU countries by S&P. Although the countries’ downgrade was expected, the effect of the downgrade on the EFSF remains to … Continue reading

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Greece should restructure its debt now!

In an article titled “Greece should restructure its debt now!” and published in Kathimerini on 25 September 2011, Nicholas Economides starts with the observation that Greece is unable to pay even the interest on its €280 billion private debt and … Continue reading

Posted in Banking and finance, Europe, Macroeconomics, Public finance | 2 Comments

The second EU aid package to Greece brings it closer to bankruptcy

In an article titled “What the second EU aid package means” and published in Kathimerini on 31 July 2011, Nicholas Economides argues that the second EU aid package to Greece will be extremely likely to lead it to bankruptcy. To … Continue reading

Posted in Banking and finance, Europe, Macroeconomics, Public finance | 2 Comments