Spain Announces €10.6B in Flood Relief
Spain Announces €10.6B in Flood Relief
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 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. The national government will finance all 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 butand also deploying more than 15K soldiers and police officers to help with clean-uprecovery 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 longerover than a week to make the same response available to its own people?