EU Plans Largest-Ever Arts Funding Program, Pinning Economic Hopes on Culture Industry

In Brussels today, the European Commission proposed the world’s largest-ever cultural funding program under the title Creative Europe. The initiative, which would disperse a projected €1.8 billion (\$2.4 billion) between 2014 and 2020, represents a 35 percent increase in European Union expenditures on culture, and is part of a larger Pan-European goal to stimulate the economy through cultural enterprise.

Source: ARTINFO Berlin

For the full story click here