Germany earmarks 30 bn euros to rebuild after floods

Germany will earmark up to 30 billion euros ($35 billion) to rebuild after last month’s deadly floods that washed away homes, businesses and critical infrastructure, Chancellor Angela Merkel said Tuesday after talks with regional leaders. The costs will be shared between the federal government and the 16 states, Merkel said, calling it a “sign of national solidarity”. At least 190 people lost their lives in severe floods that pummelled western Germany in mid-July, with the states of Rhineland-Palatinate and North Rhine-Westphalia worst hit. Underlining the scale of the destruction, NRW…

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