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Greece applies for a student loan

The key advantage of transforming the borrowed €240bn into a student maintenance loan, is that Greece will not need to repay anything until they earn over £21,000 a year; and by their own admission - ‘that’s never going to happen’. The only downside is that Greece will need to enrol on a Media Studies degree and spend three years learning how to put a traffic cone on local statue. There are also other key savings as a student; an ironic eurorail pass, 2 for 1 pints at the Student Union and a diet of just baked beans.

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