In DepthEUROPE

Scientists dread Greek exit from the euro

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Science  10 Jul 2015:
Vol. 349, Issue 6244, pp. 125-126
DOI: 10.1126/science.349.6244.125

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Summary

Greek scientists are in an even greater state of uncertainty about the future of research in their debt-ridden country. On 5 July, Greek voters rejected the terms of a bailout package proposed by European Union negotiators, but what this decision means for the country's place in Europe is still unclear. The scientific community fears a Greek departure from Europe's common currency, the euro, or even the European Union itself. The latter would imperil E.U. funds that Greek science relies on. Early this week, there was still hope for a new deal, and Greece's vice minister for research and innovation has said that even if Greece leaves the euro, there is no reason to believe that Greece would have to leave the European Union and forgo its research funds. But a return to the drachma would increase the cost of supplies and equipment ordered from abroad and could also worsen the brain drain from Greece.