Erasmus Programme of 3 million by 2012. The Lifelong Learning Programme 2007–2013 replaced the Socrates programme as the overall umbrella under which the Erasmus (and other) programmes operate from 2007. The Erasmus Mundus programme is another, parallel programme that is oriented towards globalising European education. Whereas the Erasmus Programme is open to Europeans, Erasmus Mundus is open to non-Europeans with Europeans being exceptional cases. On 9 May 2012, Fraternité 2020 was registered as Europe's first European Citizens' Initiative. Its goal was to increase the budget for EU exchange programmes like Erasmus or the European Voluntary Service from 2014. To be successful it
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