Greek universities may be forced to close due to crisis

Considering the comfortable position of the bankers, this is sickening. It’s bad enough that the crisis is crushing an entire generation who have limited employment opportunities, but taking away education which will only limit their chances even more is immoral.

Six of the country’s universities say they face immediate closure after the recent bondswap reduced their assets to zero.

An emergency meeting of university rectors on Tuesday heard that only 33m euros remained of 120m euros that 17 Greek universities had deposited with the Bank of Greece for their operating expenses, while six university accounts were now completely empty meaning they would soon be unable to stay open.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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