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$EIB Announces \u20ac900M for Spain Flood Recovery$

gr.euronews.com

EIB Announces \u20ac900M for Spain Flood Recovery

The European Investment Bank (EIB) has announced a \u20ac900 million financial package to support the recovery and reconstruction of areas in Spain devastated by recent floods. The initiative mirrors a rapid response model used previously in Central Europe and focuses on crucial infrastructure and support for local entities.

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Greek

United States

European UnionInvestmentClimateReconstructionRecoveryFlood

European Investment Bank (Eib)Spanish Ministry Of Economic AffairsTrade And Business

Nadia Calvi IoCarlos Cuerbo

What model is the EIB initiative based on?: The initiative mirrors the rapid response model used by the EIB after the Central European floods last September, aiming to accelerate the reconstruction of crucial infrastructure and support households, businesses, and public entities.
What is the EIB's plan for future involvement in the recovery effort?: Beyond the initial measures, the EIB expressed its readiness to collaborate with Spanish administrations at national, regional, and local levels to develop additional measures if needed.
How did the Spanish Minister of Economic Affairs respond to the EIB's action?: Spanish Minister of Economic Affairs, Trade and Business Carlos Cuerbo expressed satisfaction with the EIB's swift action in providing support to affected regions like Valencia, Castilla-La Mancha, and Andalusia.
What did EIB President Nadia Calvi io emphasize regarding the reconstruction?: EIB President Nadia Calvi io stressed the urgent need for reconstruction, considering the new climate reality, emphasizing the need to rebuild better with techniques adapted to withstand increasingly frequent and intense climate shocks.
What is the main purpose of the \u20ac900 million financial package announced by the EIB?: The European Investment Bank (EIB) activated a \u20ac900 million financial package to support the recovery and reconstruction of areas in Spain affected by recent devastating floods.

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