FLOODS – EU
November 1st, 2002
BY KEITH NUTHALLEUROPEAN Union (EU) ministers have formally approved the creation of an EU Solidarity Fund, helping Member States deal quickly with the effects of natural and man-made disasters; its funds will be mobilised immediately to assist regions affected by the floods of August and September 2002.Initially, the fund will command Euro 728 million, which will be drawn from the EU's existing budget, funding payments to Austria (Euro 134 million), France (Euro 21 million), and Germany (Euro 444 million), as well as to the Czech Republic (Euro129 million), ...
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