No more EU funds for Erasmus

ISTANBUL

Hürriyet photo

The European Union has announced that it is running out of funds for its biggest educational program, Erasmus.

The program, which ensures reciprocal student exchange between EU member countries and neighboring countries will not be able to continue after next year if member countries fail to transfer funds to the EU.

Turkey is one of the countries that benefits the most from the program. Last year more than 10,000 Turkish students studied in Europe via Erasmus, and 4,288 European student chose to study in Turkey.