Erasmus, SME funds at risk

(ANSA) - Brussels, September 24 - Funds from the EU 2014 budget have almost completely dried up and, with three months still to go before the end of the year, Erasmus student grants, funding for small and medium-sized firms and cohesion funds are at risk, the EU's budget commissioner Jacek Dominik said on Wednesday.
    He warned that this time, the shortfalls are not "business as usual".
    The commissioner added that cuts worth 2.1 billion euros in the 2015 budget sought by member States made the situation worse.