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Spanish Prime Minister Pedro Sanchez announced a financial package for flood-affected areas in Valencia, estimating the total cost could reach €10.6 billion. The government will provide €838 million in direct aid to self-employed workers and businesses, along with up to €5 billion in state-backed credit guarantees. This initiative is part of a broader plan for immediate response, reconstruction, and economic relaunch in the region.
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Spain announces flood relief package costing up to 10.6 billion euros
13:01 05.11.2024
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