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Budget deal 'averts funding crisis for Erasmus' | EurActiv

A deal on the 2013 budget, voted by the European Parliament yesterday (12 December), plugs a hole in the EU's finances for 2012 and removes uncertainty about funding for the Erasmus student exchange programme next year, the European Commission said.

Androulla Vassiliou, European Commissioner for Education, Culture, Multilingualism and Youth, said the deal was "a big boost for Erasmus students" and sends "a positive signal that Europe is committed to investing in education and skills."

The agreement, formally rubber-stamped by the European Parliament after member states approved it last week, wipes out a €180 million shortfall in the 2012 budget for the Lifelong Learning Programme, the Commission said in a statement.

Out of this total, the shortage affecting Erasmus amounted to around €90 million.

"The agreement means that the Commission can now transfer necessary funds to the national agencies which are responsible for running Erasmus in the member states. The agencies will then release funds to beneficiaries of the programme, including the home universities and colleges which pay the monthly grants to students," the Commission explained.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Dec 13th, 2012 at 03:53:00 PM EST
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