Current:Home > StocksEuropean Union to rush more than $2 billion to disaster-hit Greece, using untapped funds -Blueprint Money Mastery
European Union to rush more than $2 billion to disaster-hit Greece, using untapped funds
View
Date:2025-04-15 08:56:09
STRASBOURG, France (AP) — The European Union is promising Greece more than 2 billion euros ($2.15 billion) in financial support in the wake of massive summer wildfires and ongoing floods that have caused extensive damage across central Greece.
“Never, ever before has such a vast area been destroyed by wildfires. Then, floods devastated large regions of Greece,” EU Commission President Ursula von der Leyen said at a meeting Tuesday with Greek Prime Minister Kyriakos Mitsotakis.
Von der Leyen said 2.25 billion euros could be made available in the short term, with much of the money coming from unclaimed funds for development and agriculture projects mostly earmarked for Greece.
“We should use unspent cohesion money from the last (funding) period which would otherwise be lost,” she told reporters at the meeting in Strasbourg, France.
Much of the central Greek farming belt remains flooded a week after storms killed at least 15 people, while large sections of the country’s main highway and rail network remain closed.
“I would first and foremost address the gravity of the situation at hand. Greece has over the past month endured two devastating natural disasters of historic proportions,” Mitsotakis said.
“The fire in the region of Evros (near Greece’s border with Turkey) is the largest fire in Europe’s history ... And we’ve had the worst floods in our history. This is probably one of the most powerful storms to ever hit Europe,” he said.
veryGood! (9444)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Sen. Bob Menendez hit with new charge of conspiring to act as foreign agent
- Seth Rogen's Wife Lauren Miller Rogen Shares She Had Brain Aneurysm Removed
- Songwriter, icon, mogul? Taylor Swift's 'Eras' Tour movie latest economic boon for star
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Judge scolds prosecutors as she delays hearing for co-defendant in Trump classified documents case
- US defense secretary is in Israel to meet with its leaders and see America’s security assistance
- On his first foreign trip this year, Putin calls for ex-Soviet states to expand influence
- Trump wants to turn the clock on daylight saving time
- Israel’s military orders civilians to evacuate Gaza City, ahead of a feared ground offensive
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- U.S. inflation moderated in September, but is still too hot for Fed
- Barbieland: Watch Utah neighborhood transform into pink paradise for Halloween
- 7 killed as a suspected migrant-smuggling vehicle crashes in southern Germany
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Darren Aronofsky says new film at Sphere allows viewers to see nature in a way they've never experienced before
- 'A Man of Two Faces' is a riveting, one-stop primer on Viet Thanh Nguyen
- Donald Trump returning to civil trial next week with fixer-turned-foe Michael Cohen set to testify
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Taking the temperature of the US consumer
Thousands of autoworkers walk out at Ford's largest factory as UAW escalates strike
17 Florida sheriff's office employees charged with COVID relief fraud: Feds
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Arkansas lawmakers OK plan to audit purchase of $19,000 lectern for Gov. Sarah Huckabee Sanders
Israel’s military orders civilians to evacuate Gaza City, ahead of a feared ground offensive
An Israeli team begins a tour against NBA teams, believing games provide hope during a war at home