Documenta Runs €7 Million Deficit, Seeks City/State Bailout

“The local Hessische/Niedersächsische Allgemeine newspaper said [the state of] Hesse and [the city of] Kassel had each agreed to take over loan guarantees of €3.5m. … The local newspaper said the cost overruns for the current edition of Documenta were partly owing to miscalculations by the management team” – particularly concerning the costs of running part of the event in Athens.