FOR THE UNIVERSITY of Cyprus (UCy) to be ranked in the 351-400 ranking group of the top 800 universities in world, after only 25 years of existence, is quite astonishing.
UCy is now the top Greek-language university in the world, a title it shares with the University of Crete, which was also in the 351-400 ranking group. How ironic that last Tuesday, a day before the rankings had been made public, the rector of the university and other academics had been subjected to a concerted attack at a House education committee meeting for allowing the admission of five students that had international qualifications.
For convenience of presentation, the 18 performance rankings are divided into three groups of equal number, 6 each: ranks 1 to 6 are the first ranking group, ranks 7 to 12 are the second ranking group, and ranks 13 to 18 are the third ranking group (table 2, column 1).
* The six initially top-ranked cooperatives (shaded in green) saw three of their peers remain in the first ranking group, while two dropped to the second ranking group and one was further down in the third ranking group.
* The cooperatives in the initial second ranking group (in yellow) had one cooperative elevated to the first ranking group, three stayed in the second ranking group, and two fell to the third ranking group.
Fumihito Gotoh, a senior analyst at Merrill Lynch, points out that trading houses in the lower ranking group
have reduced debt by disposing of healthy, highly liquid assets instead of disposing of high-risk assets as they are supposed to be doing.