Germany to Allocate 30 Billion Euros to Repair Flooding Damage
- Federal, state governments to each shoulder half the burden
- Armin Laschet’s home state of NRW one of the worst affected
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Germany’s federal and regional governments will allocate about 30 billion euros ($35 billion) to help pay for reconstruction in western areas hit by severe flooding last month, according to a person familiar with the plan.
Premiers of Germany’s 16 states and Chancellor Angela Merkel are expected to discuss the cost of the flood damage when they hold talks via video conference on Tuesday afternoon, according to the person, who asked not to be identified discussing confidential information.