💨 Abstract

The European Investment Bank has pledged a €900 million financial aid package to support Spain's recovery and reconstruction efforts following last week's deadly flash floods in the Valencia region. Prime Minister Pedro Sanchez announced €10.6 billion in aid for flood victims, with at least 217 fatalities and many still missing. The EIB plans additional measures if needed and emphasizes the importance of rebuilding infrastructure to withstand climate shocks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖