"European governments are cutting their support for culture, and American arts lovers are starting to feel the results.
In Italy, the world-famous opera house La Scala faces a $9 million shortfall because of reductions in subsidies. In the Netherlands, government financing for arts programs has been cut by 25 percent. Portugal has abolished its Ministry of Culture.
Europe’s economic problems, and the austerity programs meant to address them, are forcing arts institutions there to curtail programs, tours and grants. As a result, some ensembles are scaling down their productions and trying to raise money from private donors, some in the United States, potentially putting them in competition with American arts organizations."
Lees: The Euro Crisis Is Hurting Cultural Groups - NYTimes.com.