Bad Weather: Commission of the European Parliament Approves 261 ME Support for Portugal Economic Journal
8 Articles
8 Articles
Funds from the EU Solidarity Fund to cover damage of more than EUR 5 billion. Final approval still depends on the EU Council and EP plenary.
The European Parliament (EP) says that a total of EUR 489 million was approved today, 12 October, to help four Member States deal with the consequences of bad weather: EUR 261.5 million for Portugal, EUR 149.1 million for Spain, EUR 74.9 million for Italy and EUR 3.7 million for Malta.
The budget of the EU Solidarity Fund is intended to recover the damage caused by the storms and includes a package of EUR 498 million.
EU Solidarity Fund for the recovery of storm damage between January and February
The European Parliament's Committee on Budgets today approved support of EUR 261.5 million to help Portugal recover from the damage caused by the weather.
Financing for emergency measures, recovery and infrastructure replacement.
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