Erasmus – end of the European dream?

The European Commission has announced that its Erasmus programme is running out of money, due to the current economic crisis and consequent cuts to the budget made by the European Parliament and the State members.

“The European Social Fund is bankrupt,” said Alain Lamassoure, a French MEP and chairperson of the Community budget committee.

However, the Education and Train branch of the EC states on its website that “Erasmus students who go abroad during the first semester 2012-2013 should not have problems receiving funds for their studies and placements abroad. The National Agencies responsible for the Lifelong Learning Programme have received enough funds from the European Commission to cover their grants.

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