They examined to analyze financial support at all the levels of the education, starting from pre-primary up to tertiary level, in about 35 national as well as regional education systems. This shows that, in the year 2011 as well as 2012, teachers’ salaries as well as allowances have been frozen or reduced in 11 nations namely, Bulgaria, Estonia, Croatia, Greece, Ireland, Hungary, Italy, Lithuania, Latvia, Portugal as well as Spain. The teachers’ pay accounts on behalf of around 70% of the education finances.

All these are hard times on behalf of a national treasury however we desire a consistent move toward on public speculation in education as well as training since this is the only way of success of the future of the young generation people as well as a long-standing sustainable financial recovery.

EU Member States

“If the Member States be unsuccessful to invest correctly in modernizing the education system as well as skills, people will feel more behind their global competitors as well as will find this harder towards tackling all the youth joblessness,” said Androulla Vassiliou, a European Commissioner on behalf of Culture, Education, Multilingualism as well as a youth.

Investment in the education fell in 8 out of the 25 Member States charged as a division of a European Commission examine on the collision of this crisis on the education budgets like that of the year 2010. Of about more than 5% have been imposed in Hungary, Greece, Lithuania, Italy as well as Portugal, whilst Poland, Estonia, Spain as well as the United Kingdom (Scotland) saw a gradual fall of about 1 to 5% approximately.

On the other hand, 5 Member States increased the education expenditure by almost more than 1%: Luxembourg, Denmark, Austria, Malta as well as Sweden, as well as the some of the German speaking areas of Belgium. Germany as well as the Scotland did not offer data on behalf of that period since the year 2010.

Public sector holds up on behalf of pupils as well as students for example loans, grants as well as family grants, were not exaggerated within the majority of the countries in the year of 2011 as well as 2012. 8 Member States namely Germany, Austria, Ireland, Greece, Lithuania, Latvia, Luxembourg as well as Portugal provides specific monetary support on behalf of unemployed or low-skilled public to renew or improve their abilities.

In most of the cases all these investments were coordinated by the Social Fund of Europe. The survey, allowed funding of the education in Europe. The effect of the economic crisis, basically focus on the economic circumstance, public costs as well as national financial plan developments in the education, developments in the staff funding especially salaries as well as allowances, the national budgets on behalf of educational infrastructure as well as support systems, latest development in funding as well as changes to the national strategies on behalf of financial support of pupils as well as students. This study is shaped on behalf of the commission through the Eurydice network that consists of forty national units supported in 36 nations.