Erasmus Program Going Bankrupt Education Takes Hit In Eu Austerity

ERASMUS Program Going Bankrupt. EU Program on Emergency Cash The ERASMUS Program is a European Union (EU) pupil trade program established in 1987. The following excerpt is from the British Council web site in regards to the ERASMUS programme: It encourages student and employees mobility for work and research, and promotes transnational co-operation initiatives amongst universities across Europe. The scheme presently entails nine out of each ten European higher schooling establishments and helps co-operation between the colleges of 33 international locations. Erasmus has developed beyond an academic program â€" it has acquired the standing of a social and cultural phenomenon. It offers many European university students their first likelihood to stay and thrive abroad. Over two and a half million college students have benefited from Erasmus since its introduction in 1987. But now, this very programme is surviving on emergency cash and faces the real prospect of going bankrupt. eubusiness.com reported back in October that French Conservative memb er of the European Parliament, Alain Lamassoure, who heads the finances committee, stated that “the European social fund is bankrupt and can’t refund member states. “Next week it is going to be Erasmus, the scholar program, on the end of the month, the Research and Innovation Fund.” Speaking at a news conference, Lamassoure blamed the shortfall on governments that fought for a four-billion-euro reduce within the EU price range, according to austerity insurance policies throughout the 27-nation bloc. Budget Commissioner Janusz Lewandowski is due to ask member states for “several billion” extra in the coming weeks to plug a deficit Lamassoure estimated at 10 billion euros. Failing new contributions, the EU executive would be unable to reimburse monies owed to completely different member states, said Lamassoure. He estimated that the losses could amount to four hundred million euros for France, 600 million euros for Greece, 900 million euros for Spain and as much as 200 mil lion euros for Britain. “These nations have a proper to those monies which are reimbursements. It isn’t misplaced but they will have to wait to recover it,” he said. It has now come to my notice that the matter hasn’t gotten any higher in the final two months. There is now a petition asking EU countries to save the ERASMUS program on change.org There are 24k+ signatures supporting the petition and I hope you add your signature supporting the petition too. The petition says partially “…the crisis can also be affecting the Erasmus Program. The spokesman of the European Commission Budget Department simply mentioned very clearly: “The Erasmus program is out of funds.” Until this second of the 12 months, 70% of the scholarships have been paid. But they don’t have the 30% of the funds coming from the different nationwide governments. To stop complete collapse and chapter of this program, the Commission has moreover offered an emergency fund of 420 million Euro, however t his measure can only repair the problem during a brief period.” Read the petition to save the ERASMUS program. Please share this post and try to assist maintain the ERASMUS programme alive. Source: ebusiness.com/ British Council/ Rachel Hosie (on twitter) Where Can I Study English and Foreign Languages in London? The metropolitan metropolis of London is a gigantic mixing pot of cultures that houses people from... GED vs High School Diploma: What’s the Difference? There are loads of causes students drop out of highschool. Though the stigma round it's still... 10 Reasons You Should Study Cookery Courses in Australia Do you like food? Do you want Australia? It’s time to mix each and launch yourself right into a... How Blended Learning Can Help Employees Traditional in-class training belongs on one finish of the teaching spectrum while online video... How a Diploma in Cyber-Security Can Fast-Track Your Career Cyber-security is a sub-stream in pc science and a course that is extrem ely relevant in our... How to Make a Difference in Education Policy Learning is among the most necessary things we do as humans. We start studying right from the very...