With Money Drying Up, Greece Is All but Bankrupt
By LANDON THOMAS Jr. MAY 25, 2015
▻http://www.nytimes.com/2015/05/26/business/dealbook/with-money-drying-up-greece-is-all-but-bankrupt.html
Perhaps no other areas in Greece have felt the full force of the country’s cash drain than its state-funded universities and hospitals.
At the University of Athens, the country’s largest educational institution and home to about 125,000 students, the annual operating budget has fallen to €10 million from about €40 million before the crisis.
As for the hospitals, even though they are taking in twice as many patients now , their budgets have been cut to the bone. In the first four months of this year, health officials say that the 140 or so public hospitals in Greece received just €43 million from the state — down from €650 million during the same period last year.
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“They can take their money,” he said, using an expletive. “I feel ashamed to be a European.”