Current:Home > StocksEuropean Union to rush more than $2 billion to disaster-hit Greece, using untapped funds -Ascend Finance Compass
European Union to rush more than $2 billion to disaster-hit Greece, using untapped funds
View
Date:2025-04-13 08:19:21
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! (4296)
Related
- The White House is cracking down on overdraft fees
- Alex Murdaugh’s lawyers want a new trial. They say the court clerk told jurors not to trust him
- Alaska couple reunited with cat 26 days after home collapsed into river swollen by glacial outburst
- Lab data suggests new COVID booster will protect against worrisome variant
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Retired Mississippi trooper killed after car rolls on top of him at the scene of a crash
- A look at the 20 articles of impeachment against Texas Attorney General Ken Paxton
- Nobel Foundation withdraws invitation to Russia, Belarus and Iran to attend ceremonies
- A White House order claims to end 'censorship.' What does that mean?
- Pier collapses into lake on Wisconsin college campus, 1 hospitalized, 20 others slightly injured
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- New York Fashion Week is coming back! Sergio Hudson, Ralph Lauren, more designers to return
- What makes a good TV guest star?
- Dangerous riptides persist after series of Jersey Shore drownings, rescues
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Mother bear with 2 cubs is shot dead, sparking outrage in Italy
- What's the safest 2023 midsize sedan? Here's the take on Hyundai, Toyota and others
- California woman accused in $2 million murder-for-hire plot to kill husband
Recommendation
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
The Twitter Menswear Guy is still here, he doesn't know why either
USDA designates July flooding a disaster in Vermont, making farmers eligible for emergency loans
World War I memorials in France and Belgium are vying again to become UNESCO World Heritage sites
Questlove charts 50 years of SNL musical hits (and misses)
The Rolling Stones are making a comeback with first album in 18 years: 'Hackney Diamonds'
Burning Man exodus operations begin as driving ban is lifted, organizers say
Breanna Stewart sets WNBA single-season scoring record, Liberty edge Wings