Greek University of Ioannina Faces Closure


Due to the strict fiscal policy and mobility scheme that the Troika imposes, the Greek government took great measures in order to reform the educational system of Greece. These measures led to a series of unfavorable modifications, for both educational and administrative staff, such as salary or funding reduction, and staff induction. As it was expected, there were many severe reactions. The Greek government’s policy was followed by strikes, occupations, marches and protests.

Greek universities are facing a survival problem because of funding reduction, leading to postponement of their  function. The possibility of universities suspending their activities permanently cannot be excluded. Among them is the University of Ioannina , as its Senate decided to suspend all administrative and teaching activities, according to Greek media reports, by next Monday.

More than 20,000 students the 17 departments host, are facing the danger of not completing their studies in the worst case scenario. In addition, new students cannot be enrolled as the secretary is closed, while September 27 is by law the deadline for registrations. The continuous strikes by various universities’ administrative staff, as well as the Senate’s decision to postpone the institutions’ function led the Greek Minister of Education, Konstantinos Arvanitopoulos, to an unofficial extension of the enrollment period.

The University of Ioannina, along with seven more Greek Universities, which are under the Troika’s mobility scheme, are about to bring the matter before the Council of State.



  1. I read a lot of talk of ‘banks’ Can you explain to me ‘banks’? The Troika is mainly comprised of government entities/funding.
    If you said, government > education, that would make more sense, but in this case education is the government.

    The bank sector has allso been cutting a lot of employment. The difference, the economy slowed down in 2008 and the banks have been firing people every year since then. Greece… Well, it didn’t really start until 2013 (5 years later). Because they waited so long, now they’re that much more broke, which means even more cuts.

  2. 80% of the bailout money went to bailout foreign banks using Greece as the conduit pass through vehicle. that is a fact. so instead of focusing on education and other growth opportunities, we and the rest of middle class Europe/America/Asia is bailing out the banks who made their bets but heaven forbid they take full losses as dictated by the free market. privatize profits socialize losses.

  3. Kinda true… The Troika purchased all of Greece’s debt and forced the lenders to take a loss of roughly 35% off what Greece had promised lenders. This is how Greece debt to GDP went down from 170% to 155%. The other benefit was that Greece’s interest rate on its loans was 8%, but now it’s 2.5%.
    The free market could have been allowed to do its thing and the banks could have taken ‘full’ losses, all Greeks had to do was tell its leaders not to take the bailout, and the banks would have taken the loss.
    In the free market, lenders wouldn’t have lent to Greece again until it paid back the money that it defaulted it to a trustable level.