EU Assistance for Germany's Flood Recovery

Summary

The European Parliament approved a budget amendment to provide over 31 million euros to Germany via the EU Solidarity Fund following major floods in 2016.
10 28.02.2017
Other
finance
environment
social policy
public finance and budget policy

Key points

  • The European Parliament approved the mobilization of funds to assist Germany following major floods.
  • The flooding events that triggered this assistance occurred in May and June 2016.
  • The budget for assistance to Member States in the event of major natural disasters will be increased by over 31 million euros.
  • These funds are allocated as a special instrument, meaning they are budgeted above the standard long-term EU spending limits.
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