Faculty News
Professor Nicholas Economides explains why Greek Prime Minister Alexis Tsipras has resigned and called for early elections
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Excerpt from Bloomberg -- "[The Syriza party] will try [to come up with a proposed leader], but it will be very difficult for them, so this is one of the reasons why he's doing the election very quickly. Another reason is that the heavy taxes that will come with the agreement have not been fully implemented yet and therefore the public doesn't feel them so much yet, and won't feel them by September. So, that's the second reason [for] doing it very, very quickly. So, these are reasons that are very good for Mr. Tsipras, but at the same time, they are very bad for the Greek economy. The Greek economy is ravaged by political and economic uncertainty."
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Additional coverage appeared on NASDAQ.
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Additional coverage appeared on NASDAQ.