Current:Home > ContactOliver James Montgomery-European Union to rush more than $2 billion to disaster-hit Greece, using untapped funds -FutureFinance
Oliver James Montgomery-European Union to rush more than $2 billion to disaster-hit Greece, using untapped funds
EchoSense Quantitative Think Tank Center View
Date:2025-04-10 23:38:48
STRASBOURG,Oliver James Montgomery 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! (79874)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Kelly Rizzo Dating Breckin Meyer 2 Years After Husband Bob Saget’s Death
- Step up? Done. Women dominate all aspects of the Grammys this year
- Fate of 6-year-old girl in Gaza unknown after ambulance team sent to rescue her vanishes, aid group says
- Skins Game to make return to Thanksgiving week with a modern look
- Brutally honest reviews of every 2024 Grammys performance, including Dua Lipa and Billie Eilish
- Father of Chiefs star Patrick Mahomes arrested in Texas on suspicion of drunk driving
- Below Deck Fans, Get Ready for a Shocking Amount of Season 11 Firings
- Skins Game to make return to Thanksgiving week with a modern look
- Onstage and behind the scenes: The history of Beyoncé, Jay-Z and the Super Bowl
Ranking
- Questlove charts 50 years of SNL musical hits (and misses)
- Daddy Lipa arrives! Dua Lipa wins the Grammys red carpet bringing her father as a date
- A 19-year-old man who drowned in lake outside SoFi Stadium was attending concert: Reports
- Red carpet looks from the 2024 Grammy Awards
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- The Skinny Confidential’s Lauryn Bosstick Talks Valentine’s Day Must-Haves for Your Friends and Family
- Bruce Willis' wife, Emma Heming Willis, to publish book on caregiving
- Texas Gov. Abbott insists state has right to protect border amid feud with President Biden
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Who won Grammys for 2024? See the full winners list here
San Francisco considers a measure to screen welfare recipients for addiction
I was wrong: Taylor Swift-Travis Kelce romance isn't fake. Apologies, you lovebirds.
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Sylvester Stallone pays emotional tribute to Carl Weathers, Apollo Creed in 'Rocky'
Kingsley Ben-Adir takes on Bob Marley in the musical biopic One Love
Richard Caster, a 3-time Pro Bowl tight end and wide receiver for the Jets, dies at 75