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German flood recovery fund to amount to 30 billion eur -sources

Heavy rainfall and flooding last month took many towns in western and southern Germany by surprise despite extreme weather warnings. More than 180 people died.

Of the 30 billion euros, 28 billion will be split between the federal government and the states, the sources said. The remaining 2 billion would be provided by Berlin for infrastructure projects such as motorways.


Source: Economy - investing.com

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