Earlier this month, we asked what role can education play in easing Europe’s crisis. This week the European Commission warned that the number of places offered to students under the Erasmus exchange programme may be reduced if a budgetary shortfall is not addressed.
The programme needs an additional €90 million to avoid substantial cuts to the number of places offered to students, or the size of their grants.
European Commission President Barroso said in a statement issued on Wednesday:
These payments are essential to revive growth and create jobs throughout the EU. This is not about the Commission asking for more money but about member states honouring the commitments they have made to provide uninterrupted funding to students under Erasmus.
However, some member states wish to impose cuts on the EU’s annual budget to reflect the austerity programmes being adopted in several countries.
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