Erasmus Student Network named for the Dutch Renaissance humanist. By 1994 ESN had 60 sections in 14 countries. In 2004 the ESN network consisted of 170 sections in and outside Europe, from Scandinavia to Morocco. ESN has been growing with an average rate of around 12% since then. In 2005, ESN established its headquarters in Brussels and legally registered as a Belgian non-profit organisation. As of November 25, 2017, the Erasmus Student Network consists of 533 local associations ("sections") in 40 countries and has more than 13,500 volunteers across Europe. ESN works on three levels - local, national and international. It is only
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