Credit crisis hits orchestra tour

A European tour by the Amsterdam Baroque Orchestra performing Bach’s Matthäus Passion has been cancelled because of the credit crisis and the cancellation of the orchestra’s subsidy, reports Monday’s NRC.


The tour was due to start on April 1 with a sold-out concert at Amsterdam’s Concertgebouw followed by performances in Germany, Spain and Italy, the paper says.
The Rabobank, which originally agreed to sponsor two concerts in Leiden, has been forced to withdraw its financial support because of the credit crisis and the orchestra’s annual subsidy of €336,000 was stopped on January 1.

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