Wednesday, August 22, 2007

EU ponders paying Britain up to 145 million euros in flood damage aid

...The British government application for funding from the EU's Solidarity Fund puts the total cost of the flood damage at 4.33 billion euros (5.83 billion dollars), Commission spokeswoman Katharina von Schnurbein said.

"This is the maximum because now what the Commission will have to do, together with the UK authorities... is to assess whether the damage is actually that high or whether it is slightly lower because now it has been estimated on the basis of satellite images and there might be some costs in there which in the end which will not be eligible"....

From TerraDaily