Europarliament approves flood aid plan for Slovenia

Europarliament approves flood aid plan for Slovenia

 

Review by Christos T. Panagopoulos

The European Parliament on Wednesday approved EUR 14m aid to Slovenia from the EU Solidarity Fund in the wake of last year’s devastating floods. The payment still needs to be endorsed by EU member states.

Slovenia has so far received EUR 15.7m from the EU Solidarity Fund: EUR 8.25m to cope with the consequences of flash floods in September 2007 and EUR 7.46m for floods in September 2010.

The flood relief aid for Slovenia is part of a broader package approved by the European Commission in April that will also benefit Austria and Croatia.

Slovenia, which was hit the hardest by the flooding in October and early November 2012, will get EUR 14.08m, while Croatia will get EUR 286,587 and Austria EUR 240,000.

The money is usually paid out within nine months after the calamity at the earliest.

Slovenia has so far received EUR 15.7m from the EU Solidarity Fund: EUR 8.25m to cope with the consequences of flash floods in September 2007 and EUR 7.46m for floods in September 2010.

Countries are eligible for solidarity funds when the damage caused by a natural disaster exceeds EUR 3.6bn, or 0.6% of the country’s gross national income (GNI).

According to the Slovenian government’s data, last year’s floods caused EUR 360m in direct damage in Slovenia.

Exceptionally, funds may also be paid out in case of regional disasters even when the damage is below the set threshold but most of the region’s population is affected.

The latter criterion was applied in the case of Croatia and Austria, which registered EUR 11.5m and EUR 9.6m in damage, respectively.

Source: Slovenia Times