Universities languish under austerity measuresBloomberg.
Higher education in Greece, as in much of Europe, has been battered by the recession and austerity measures. Budget cuts of 23% since 2009 mean buildings aren’t heated in the winter, schools have slashed faculty salaries and newly hired professors can wait more than a year to be appointed. Students say it’s hard to be hopeful with youth unemployment surpassing 50% and protesters seizing university buildings.
Public spending on universities has been cut across the region, with Italy, Greece, Hungary and the UK seeing reductions of more than 10% since 2008, according to the European University Association in Brussels. The cuts are especially damaging for countries in southern Europe transitioning from low-productivity economies based on agriculture and light manufacturing to knowledge-based economies that demand an educated workforce, said Gayle Allard, an economist at IE Business School in Madrid.
Full report on the Bloomberg site