Amid a financial crisis that has shifted politics in Greece to conservative market-driven ideologies and policies, specific major changes are proposed by the Greek Ministry of Education for primary, secondary and higher education. With the gradual disappearance of public space and of the welfare state, under the pressure and the auspices of the International Monetary Fund (IMF), education becomes one more space quickly geared up towards privatization, marketization of learning and educational goals while the character of free public education is radically redefined. This article addresses the changes in higher education legislation and policy in Greece and analyzes the discursive constructions that legitimize such a change.