Financial problem with ERASMUS

Recently became known about the problems related with the financing of the ERASMUS program. It turns out that only the end of December 2012, students are confident of grants under the Erasmus program. For the first semester, the European Commission has already transferred 99.13% of the required funds for the program, but the lack of € 90 million to finance the second semester students travel abroad.
The European Commission ensures that the problem will be solved, however large numbers of students and student organizations are worried that these problems will decrease the number of applications of students to attend in the program. In october The European Commission wants to present the solution of the problem, the final decision be known at the end of 2012. 

It is not excluded that in order to ensure the future of the Erasmus program, and many other projects, the EU should increase the budget of the Union. Unfortunately, already seven countries have refused to increase the budget for the year 2013 by 6.8% (~ 100 billion €), which threatening the future of many EU programs. These countries are Austria, United Kingdom, France, Germany, Finland, the Netherlands and Sweden.