EU's 945 Million Euro Boost for Spain's Flood Recovery

The European Commission announced on Friday a significant aid package totaling 945 million euros to aid in Spain's recovery from devastating floods in Valencia last year.

In a strategic move, it will redirect 645 million euros from Spain's cohesion funds to bolster the ongoing recovery initiatives.

This monetary boost comes as a part of a broader effort to support regions impacted by natural disasters, signaling the EU's commitment to aiding member states in times of crisis.

(With inputs from agencies.)