The Prague Post - Italy unveils two-billion-euro package for flooded northeast

EUR -
AED 4.309937
AFN 79.974464
ALL 96.94329
AMD 448.468957
ANG 2.101161
AOA 1076.162683
ARS 1681.072535
AUD 1.778674
AWG 2.112424
AZN 1.989985
BAM 1.955665
BBD 2.363136
BDT 142.790116
BGN 1.955665
BHD 0.442269
BIF 3501.55762
BMD 1.173569
BND 1.505196
BOB 8.107439
BRL 6.274369
BSD 1.173319
BTN 103.496836
BWP 15.629918
BYN 3.974125
BYR 23001.947791
BZD 2.359737
CAD 1.626625
CDF 3327.067262
CHF 0.935029
CLF 0.028454
CLP 1116.252732
CNY 8.361326
CNH 8.360997
COP 4566.883877
CRC 591.059087
CUC 1.173569
CUP 31.099572
CVE 110.257368
CZK 24.324325
DJF 208.935537
DKK 7.46466
DOP 74.384851
DZD 151.793493
EGP 56.3471
ERN 17.603531
ETB 168.467439
FJD 2.62727
FKP 0.865717
GBP 0.865687
GEL 3.157245
GGP 0.865717
GHS 14.314009
GIP 0.865717
GMD 83.908281
GNF 10176.29559
GTQ 8.995377
GYD 245.473008
HKD 9.154189
HNL 30.739872
HRK 7.534776
HTG 153.529373
HUF 390.892031
IDR 19255.798937
ILS 3.914984
IMP 0.865717
INR 103.599717
IQD 1537.093601
IRR 49377.905898
ISK 143.234146
JEP 0.865717
JMD 188.216972
JOD 0.832053
JPY 173.518018
KES 151.589507
KGS 102.628829
KHR 4702.674478
KMF 492.314003
KPW 1056.252107
KRW 1634.816571
KWD 0.358373
KYD 0.977832
KZT 634.446083
LAK 25441.238941
LBP 105070.726938
LKR 354.015495
LRD 208.265584
LSL 20.36339
LTL 3.465243
LVL 0.70988
LYD 6.335561
MAD 10.566169
MDL 19.488651
MGA 5199.640078
MKD 61.53574
MMK 2464.299154
MNT 4220.177636
MOP 9.405549
MRU 46.838758
MUR 53.374273
MVR 17.967305
MWK 2034.459173
MXN 21.628694
MYR 4.934849
MZN 75.002649
NAD 20.36339
NGN 1763.051164
NIO 43.177011
NOK 11.571502
NPR 165.594537
NZD 1.974542
OMR 0.449869
PAB 1.173319
PEN 4.089017
PGK 4.972656
PHP 67.092541
PKR 333.122841
PLN 4.252206
PYG 8384.419625
QAR 4.283204
RON 5.066336
RSD 117.131892
RUB 97.763233
RWF 1700.182312
SAR 4.402764
SBD 9.631337
SCR 16.690845
SDG 705.894664
SEK 10.933907
SGD 1.509089
SHP 0.922241
SLE 27.432182
SLL 24609.154515
SOS 670.553584
SRD 46.209317
STD 24290.504006
STN 24.498304
SVC 10.266289
SYP 15258.684042
SZL 20.343592
THB 37.214153
TJS 11.040936
TMT 4.119226
TND 3.415564
TOP 2.748616
TRY 48.499492
TTD 7.977448
TWD 35.559012
TZS 2886.400202
UAH 48.371352
UGX 4123.714554
USD 1.173569
UYU 46.996747
UZS 14604.989033
VES 186.280981
VND 30964.61186
VUV 139.571972
WST 3.224613
XAF 655.911597
XAG 0.027823
XAU 0.000322
XCD 3.171628
XCG 2.114654
XDR 0.815744
XOF 655.911597
XPF 119.331742
YER 281.128051
ZAR 20.415751
ZMK 10563.526792
ZMW 27.837073
ZWL 377.888663
  • CMSD

    0.0100

    24.4

    +0.04%

  • BCC

    -3.3300

    85.68

    -3.89%

  • NGG

    0.5300

    71.6

    +0.74%

  • RBGPF

    0.0000

    77.27

    0%

  • GSK

    -0.6500

    40.83

    -1.59%

  • JRI

    0.1100

    14.23

    +0.77%

  • BTI

    -0.7200

    56.59

    -1.27%

  • RIO

    -0.1000

    62.44

    -0.16%

  • CMSC

    -0.0200

    24.36

    -0.08%

  • BCE

    -0.1400

    24.16

    -0.58%

  • SCS

    -0.1900

    16.81

    -1.13%

  • AZN

    -1.5400

    79.56

    -1.94%

  • RYCEF

    0.1800

    15.37

    +1.17%

  • BP

    -0.5800

    33.89

    -1.71%

  • RELX

    0.1700

    46.5

    +0.37%

  • VOD

    -0.0100

    11.85

    -0.08%

Italy unveils two-billion-euro package for flooded northeast
Italy unveils two-billion-euro package for flooded northeast / Photo: Handout - Palazzo Chigi press office

Italy unveils two-billion-euro package for flooded northeast

Italian Prime Minister Giorgia Meloni on Tuesday announced a two-billion-euro ($2.2-billion) package to help northeastern areas affected by floods that killed 14 people, displaced thousands and left swathes of farmland submerged.

Text size:

After an emergency cabinet meeting, Meloni declared help for households, businesses, farms, transport systems, schools, healthcare services and the tourism industry, while cautioning that the full extent of the damage has still to be determined.

"In the current situation in which Italy finds itself, finding two billion euros in a few days is not an easy thing," said Meloni, who visited the worst-hit areas of the Emilia Romagna region on Sunday.

"We clearly know that we are talking about emergencies, that there will be a reconstruction phase in which we are not yet able to quantify the overall need and the damage," she added.

Some flooded areas, focused in the southeast of Emilia Romagna, remain under water after six months' worth of rain fell over just 36 hours a week ago.

Around 23,000 people were still unable to return to their homes, officials said Tuesday, with 2,700 sleeping in emergency shelters.

After the region requested a special commissioner to oversee the crisis, Meloni said the task would go to the man appointed just weeks ago to deal with what had been a national drought.

"It's a bizarre transition whereby today the commissioner of drought is also dealing with floods," said Meloni.

- Tax on museum tickets -

The money is being diverted from different departmental budgets, with no immediate indication on the impact on debt-laden Italy's public finances.

Almost half has been earmarked to help employees and the self-employed, while there are also funds to help businesses, particularly exporters, and farmers, including those who have to replace damaged machinery.

Meloni said that businesses and taxpayers in affected areas would also benefit from a suspension of tax and mortgage payments.

The package also calls for a temporary one-euro hike in the price of tickets for state-run museums, to begin mid-June for three months.

The floods were the second to hit the area within weeks, following a deluge earlier in May that killed two people.

In the most recent disaster, almost two dozen rivers burst their banks.

Water flooded entire neighbourhoods in the wealthy region, which boasts both rich agricultural farmland and industry.

- 'Lost everything' -

In the province of Ravenna, where schools reopened on Tuesday, teams from Slovenia and Slovakia helped pump water from sodden areas overnight.

But in nearby Forli, schools remained closed until Wednesday due to continuing disruption on the road network.

The region estimates that damage worth more than 620 million euros has been caused to infrastructure, including roads and railways.

Agricultural lobby Confagricoltura said at least 10 million fruit trees will have to be uprooted, and possibly as many as 40 million.

"There are people who have lost everything," said the head of the Emilia Romagna region, Stefano Bonaccini.

"Some sectors have been dramatically affected," he told reporters in a joint appearance with Meloni.

"I am thinking of agriculture even more than tourism but both are examples of sectors that employ many seasonal workers."

Some 14 mostly inactive bombs from World War I or World War II also emerged from the floodwaters, which were "all blown up as a precaution" by the army, a local military source said.

Italy has been beset by a number of extreme weather events in the past year, which many people -- including former premier Mario Draghi -- have linked to climate change.

A dozen people died after flash floods in the Marche region in September, while a landslide on the island of Ischia in November killed 12.

H.Vesely--TPP