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Germany forms €8-billion fund for flood victims

Staff writer |
Germany confirmed it would be setting up a fund worth about €8 billion to help victims of record floods which left destruction across the country.

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Chancellor Angela Merkel met the premiers of Germany's 16 states to discuss the disaster's impact and state premiere of Thuringia Christine Lieberknecht confirmed that €8 billion fund seems realistic.

There is no official figure yet for the cost of the damage in Germany from the floods which also also destroyed parts of other central European countries, leaving at least 19 people dead.

Last week, Ms. Merkel pledged immediate aid of €100 million. Reiner Haseloff, premier of eastern Saxony-Anhalt state, which has been hit by the flooding, said for the Mitteldeusche Zeitung a temporary increase of a tax levied on all personal income and businesses to help reconstruct former East Germany.

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