Educational policies and initiatives of the European Union Lifelong Learning programme comprises separate sub-programmes for schools; universities and higher education; vocational education and training; adult education; teaching about the EU in universities; and a 'horizontal' programme for policy development. The schools exchange programme, named after the 15th century Czech teacher, scientist and educator John Amos Comenius, has helped over 2.5 million school students take part in joint projects across boundaries. The Erasmus programme (named after Desiderius Erasmus, the 16th century Dutch humanist and theologian), has been the icon of university exchange programmes since its launch in 1987. Some two million students have so far spent a fully accredited
Economic Adjustment Programme for Portugal package. In January 2013, the European Commission approved, under EU state aid rules, a rescuing recapitalisation totalling €1.1 billion granted by Portugal to Banco Internacional do Funchal S.A. (Banif) for reasons of financial stability. The Portuguese Republic committed to provide a far-reaching restructuring plan for Banif by 31 March 2013. Economic Adjustment Programme for Portugal The Economic Adjustment Programme for Portugal, usually referred to as the Bailout programme, is a Memorandum of understanding on financial assistance to the Portuguese Republic in order to cope with the 2010–14 Portuguese financial crisis. The three-year programme was signed in May 2011 by the