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Literary Translation provides funding for publishing houses for translating European literature: fiction and poetry. It will help allow you to translate books from one of the eligible languages (source language) into another languages (target language).
http://eacea.ec.europa.eu/culture/programme/strands1_en.php#3
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The aim of the EUPL is to put the spotlight on the creativity and diverse wealth of Europe’s contemporary literature, to promote the circulation of literature within Europe and encourage greater interest in non-national literary works.