Home > 'More money will be made available if needed': German Cabinet approves some $472 million in first flood aid

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'More money will be made available if needed': German Cabinet approves some $472 million in first flood aid

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Germany's Cabinet on Wednesday approved a roughly 400 million-euro ($472 million) package of immediate aid for victims of last week's floods and vowed to get started quickly on rebuilding the devastated areas — a task whose cost isn't yet clear but is expected to run well into the billions. Finance Minister Olaf Scholz said that the package, financed half by the federal government and half by Germany's state governments, to help people deal with the immediate aftermath of the flooding will end up being bigger if more money is needed. France 24's Business Editor tells us more.

Added on the 21/07/2021 15:04:57 - Copyright : France 24 EN

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