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FUNDING Italy

Finance, Visual Arts Fund cuts reduced

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The cuts to the Visual Arts Fund (FUS) will be reduced in the 2006 Finance Law. A Senate amendment has recovered 85m euro of the over 160m of the anticipated cuts, to be added to the pre-established 300m, bringing the total available funds to 385m.

"We’re not quite there yet," said Cultural Minister Rocco Buttiglione. "The Finance bill should be further improved as it passes to the Chamber [of Deputies]." The unions and entertainment industry associations, convened in a Crisis Committee, spoke of their “total dissatisfaction” with what they call the “partial recovery of a fund that has already been cut too many times.” And they are requesting that the fund be reintegrated using monies at the disposal of the office of the President of the Council of Ministers.

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The comment from UK weekly The Economist: "It’s a shame, culture has always been a productive investment for Italy. The only hope, after the government cuts, are the sponsors"

(Translated from Italian)

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