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In 1987 the Erasmus programme (EuRopean Community Action Scheme for the Mobility of University Students) was established in 1987 by the European Union to begin student exchange.
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In 1994 the European Commission joined together the Erasmus programme with the Socrates programme in order to "To strengthen the European dimension of education at all levels."
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The Socrates programme ends in order to make way for a new programme.
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The Socrates I programme is quickly replaced by the Socrates II programme.
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On the 1st of January in 2007, the Socrates II programme is replaced with the most recent Lifelong Learning programme that is used today.
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In 2007/2008, there were 447 students from this university to study abroad in countries around the world.
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In 2008/2009, Universidad Carlos III welcomed over 410 students to their university from around the world, whereas 5% of their students were participating in the Erasmus programme annually.