Germany earmarks 30 billion euros to rebuild after floods

CGTN

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Germany will earmark up to 30 billion euros ($35 billion) to rebuild after last month's deadly floods that washed away homes, offices and critical infrastructure, Chancellor Angela Merkel said Tuesday after talks with regional leaders.

The costs will be shared between the federal government and the 16 states, Merkel said, calling it a "sign of national solidarity."

Source(s): AFP