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EU: Audiovisual Guarantee Fund Meeting

EU: Audiovisual Guarantee Fund Meeting

On 7 March representatives from the European film industry met a group of EU national experts to discuss the Audiovisual Guarantee Fund being proposed to encourage audiovisual production in Europe. This project was submitted in December 1996 to the Culture Council, and provides for the establishment of an ECU 60 million fund, to guarantee loans to European audiovisual production. The proposal is over a year old, and it needs a unanimous vote in the Council of Ministers. The UK, Germany and the Netherlands are believed to be blocking the deal.

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