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Who needs Modern Greek? Like many European-based fields of study (French, German, and Italian, for instance), Modern Greek Studies faces a crisis of relevance in American universities. I look at this crisis by examining three issues: the relationship between Modern Greek programs and the classical tradition, the place of these programs in diaspora communities, and finally the position of Greek culture in the reorganization of knowledge along the lines of multiculturalism and postcolonialism. I conclude that the answer to this crisis cannot be found only in student enrollments, which are dwindling in many places, but also in a clearly-defined research profile which connects scholarship on Greece to current epistemological developments.