NEWS

Interior minister suggests private investment in Greek public universities

Interior Minister Evripidis Stylianidis has suggested that private entities should be allowed to invest in Greek universities.

Currently, all universities in Greece are public and any change to this would require the country’s constitution to be changed.

Stylianidis suggested that investors should be able to hold up to a 49 percent stake in universities in order create new sources of funding and ease the burden on the state.

The minister said that Greece can only afford to fund 15 of the 24 state universities in the country.

Education Minister Constantinos Arvanitopoulos distanced himself from his cabinet colleague’s proposal.