Current:Home > MarketsEuropean Union to rush more than $2 billion to disaster-hit Greece, using untapped funds -Elevate Capital Network
European Union to rush more than $2 billion to disaster-hit Greece, using untapped funds
View
Date:2025-04-13 11:37:55
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! (38)
Related
- Travis Hunter, the 2
- Bethany Hamilton Welcomes Baby No. 4, Her First Daughter
- North Carolina’s Bet on Biomass Energy Is Faltering, With Energy Targets Unmet and Concerns About Environmental Justice
- New Study Identifies Rapidly Emerging Threats to Oceans
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Lead Poisonings of Children in Baltimore Are Down, but Lead Contamination Still Poses a Major Threat, a New Report Says
- The Year in Climate Photos
- Pregnant Kourtney Kardashian Is Officially Hitting the Road as a Barker
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- CNN announces it's parted ways with news anchor Don Lemon
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Is Burying Power Lines Fire-Prevention Magic, or Magical Thinking?
- Financier buys Jeffrey Epstein's private islands, with plans to create a resort
- Natural Gas Samples Taken from Boston-Area Homes Contained Numerous Toxic Compounds, a New Harvard Study Finds
- All That You Wanted to Know About She’s All That
- Rediscovered Reports From 19th-Century Environmental Volunteers Advance the Research of Today’s Citizen Scientists in New York
- In South Asia, Vehicle Exhaust, Agricultural Burning and In-Home Cooking Produce Some of the Most Toxic Air in the World
- Homeware giant Bed Bath & Beyond has filed for bankruptcy
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Why the Chesapeake Bay’s Beloved Blue Crabs Are at an All-Time Low
McDonald's franchises face more than $200,000 in fines for child-labor law violations
Maryland and Baltimore Agree to Continue State Supervision of the Deeply Troubled Back River Wastewater Treatment Plant
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Great Scott! 30 Secrets About Back to the Future Revealed
Pull Up a Seat for Jennifer Lawrence's Chicken Shop Date With Amelia Dimoldenberg
The weight bias against women in the workforce is real — and it's only getting worse