Berlin’s Billion-Dollar Arts – Can The City Afford them?

With almost a billion euros in annual arts subsidies, Berlin has transformed itself into one of the world’s major meccas for the arts. But tight budgets and a shrinking number of alternative venues have pitted established institutions against the avant-garde and threaten the city’s lucrative status as Europe’s self-proclaimed “art capital.”

Source: Der Spiegel 03/30/12