Tag #Private Sector Initiative

What were the immediate economic and human consequences of the Valencia floods, and how effectively did the government's response address these consequences?

Three months after catastrophic floods devastated 89 municipalities in Valencia, Spain, resulting in 224 deaths and an estimated €17 billion in damages, the recovery is hampered by slow government aid and coordination. Private initiatives, however, like Juan Roig's €35 million Alcem-se! program and Amancio Ortega's €100 million donation, are providing crucial support to businesses and individuals.