And with austerity eating into European government budgets, the bloc's flagship student exchange program Erasmus, which supports 250,000 students and teachers with grants each year, faces a funding crisis."We've had bills for over â¿¬100 million already which we can't honor because there's no money in the pot," said Dennis Abbott, a spokesman for the European Commission's education and multi-lingualism directorate.
Class Of 2012: Young Europeans Trapped By Language
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