Current:Home > InvestEuropean Union to rush more than $2 billion to disaster-hit Greece, using untapped funds -Dynamic Wealth Solutions
European Union to rush more than $2 billion to disaster-hit Greece, using untapped funds
View
Date:2025-04-18 02:48:56
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! (2)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Fast-growing wildfire has shut down a portion of the Tonto National Forest in Arizona
- Beyoncé, Radiohead and Carole King highlight Apple Music 100 Best Album entries 40-31
- Dow closes above 40,000 for first time, notching new milestone
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Sentencing trial set to begin for Florida man who executed 5 women at a bank in 2019
- Ship that caused deadly Baltimore bridge collapse to be refloated and moved
- Simone Biles wins gymnastics US Classic by a lot. Shilese Jones takes 2nd. How it happened
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- The true story behind 'Back to Black': How accurate is the new Amy Winehouse movie?
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Botanists are scouring the US-Mexico border to document a forgotten ecosystem split by a giant wall
- 3 killed, 3 wounded in early-morning shooting in Columbus, Ohio
- Daniel Martin on embracing his roots and empowering women through makeup
- Trump invites nearly all federal workers to quit now, get paid through September
- Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
- Scottie Scheffler planning to play next week after 'hectic' week at 2024 PGA Championship
- How Controversy Has Made Prince Harry and Meghan Markle Stronger Than Ever
Recommendation
The Super Bowl could end in a 'three
TikTokers swear they can shift to alternate realities in viral videos. What's going on?
Tyson Fury says split decision in favor of Oleksandr Usyk motivated by sympathy for Ukraine
Alice Stewart, CNN political commentator, dies at 58
Global Warming Set the Stage for Los Angeles Fires
Diddy admits beating ex-girlfriend Cassie, says he’s sorry, calls his actions ‘inexcusable’
Fast-growing wildfire has shut down a portion of the Tonto National Forest in Arizona
Mavericks advance with Game 6 win, but Thunder have promising future