Global Downturn Affecting Universities Differently
March 6th, 2009Posted by: admin
The European University Association released a snapshot (PDF) last month of how European universities are affected by the economic downturn (H/T ScienceCareers). Focused on January and February of this year, the snapshots suggest no Europe-wide trends. Some universities are facing budget cuts or cancelled increases, others are benefiting from stimulus packages similar to the one in the United States. While the EUA snapshot focused on university budgets (save the issues with British universities with holdings in Icelandic banks), the ScienceCareers article notes the impact on foundations and other non-governmental organizations in Europe that have reined in spending during the current economy.