NEWS

Technical colleges closed today, tomorrow

Technical colleges (TEI) in Athens, Piraeus and Thessaloniki ??? closed today and tomorrow, with the TEI professors’ union threatening more drawn-out strike action unless measures are taken to improve their finances.

The managements of the country’s main TEIs have said that a recent writedown of Greek debt held by private bondholders delivered the final blow to the cash-strapped institutions, which, they say, have seen their state funding shrink by 50 percent over the past few years.

Speaking on Skai Television on Thursday morning, the president of the TEI of Athens, Giorgos Ninos, said that his institution has seen its assets shrink from 11 million euros to 1.9 million euros.