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Snapshot 1:Wed, Nov 6, 2024 1:46:32 PM GMT last edited by Tareq

Spain Announces €10.6B in Flood Relief

    Above: Prime Minister Pedro Sánchez holds a press conference in Madrid on Nov. 5, 2024. Image copyright: Burak Akbulut/Anadolu/Contributor via Getty Images

    The Facts

    • Spain's government on Tuesday announced a €10.6B ($11.4B) relief package to help those affected by last week's floods that killed at least 217 people.

    • The package includes €838M ($902M) in cash payouts to small businesses and self-employed workers affected by the floods, while €5B ($5.4B) was earmarked for government-backed loans. Meanwhile, the national government will finance the entirety of the clean-up costs and half of the costs for infrastructure repair incurred by local councils.


    The Spin

    The Spanish government is doing all it can to help those affected by the flooding. That includes this relief package but also deploying more than 15K soldiers and police officers to help with clean-up and rescue operations.

    When Morocco faced an earthquake, it took the left-wing Spanish government a few hours to allocate funds to help with the response. Why has it taken longer than a week to make the same response available to its own people?


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