Spain Allocates €10bn for Recovery Amid Devastating Floods

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Source: Financial Times
Spain Allocates €10bn for Recovery Amid Devastating Floods
Photo: Financial Times
TL;DR Summary

Spanish Prime Minister Pedro Sánchez announced a €10 billion aid package to support recovery and reconstruction efforts following catastrophic floods in southern and eastern Spain, which have claimed 217 lives. The package includes grants and loans for individuals and businesses, aiming to rebuild and transform the affected regions to better cope with climate change. Sánchez emphasized the deadly impact of climate change and criticized climate change deniers, while also addressing tensions between the central and regional governments over the relief efforts.

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