Erasmus Programme replaced by the Lifelong Learning Programme 2007–2013 on 1 January 2007. The programme is named after the Dutch philosopher, theologian, Renaissance Humanist, monk, and devout Roman Catholic, Desiderius Erasmus of Rotterdam, called "the crowning glory of the Christian humanists". Erasmus, along with his good friend Thomas More, became the center of European intellectual life during the Renaissance. Known for his satire, Erasmus urged internal reform of the Catholic Church. He encouraged a recovery of the Catholic Patristic tradition against contemporary abuses of the Sacraments and certain excessive devotional practices. He famously clashed with Protestant revolutionary Martin Luther on the subject
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