This article examines the controversy over Ancient Greek [AG] as a school subject, a controversy that re-emerged in 2016, when SYRIZA was in power. The issue is ideologically charged: classical antiquity has played a fundamental role in shaping modern Greek ethnic identity. The arguments for and against teaching AG as a school subject are analysed and explained in relation to the ideological preferences, strategies and interests of the involved agents. The polarization of the arguments is interpreted within the broader context of the financial crisis, as an attempt by the agents involved to reinforce the left/right divide, which was significantly blurred after the adoption of austerity policies by both the self-proclaimed leftist SYRIZA and the conservative New Democracy parties.