. 24/7 Space News .
SHAKE AND BLOW
Italy asks EU aid as cost of quakes hits 23 bn euros
by Staff Writers
Rome (AFP) Feb 15, 2017


A series of deadly earthquakes that struck central Italy over the past six months has cost the country more than 23 billion euros ($24.3 billion), the nation's Civil Protection Agency said Wednesday.

The agency's report has been sent to Brussels as part of Italy's request to tap the EU Solidarity Fund to help pay for recovery efforts.

The estimate includes damage to homes and other privately-owned buildings, totalling 12.9 billion euros, and 1.1 billion euros of damage to public buildings.

The cost to repair artworks, monuments and other historic gems in the region, home to hundreds of medieval towns and villages, was set at three billion euros.

Italy had already sought EU aid in November, after a 6.0-magnitude quake hammered the mountain town of Amatrice in August, killing nearly 300 people.

But the damage at the time was estimated at just seven billion euros.

Since then, several powerful quakes have rocked the region, leaving thousands of people homeless for months at a time.

In one deadly episode, four earthquakes hit central Italy on January 18. About three hours later, an avalanche slammed into the Hotel Rigopiano, burying the structure in rock and snow and killing 29 people.

The European Commission had unblocked an initial 30 million euros on November 29, the maximum amount available while awaiting Italy's full estimate.

The cost will also weigh on Rome's discussions with Brussels over Italy's 2017 budget targets.

The country says the quakes, along with the influx of migrants seeking to enter Europe, are exceptional events that should allow the country to ease up on deficit reduction targets.

The EU had wanted Italy to reduce its deficit to 1.8 percent of GDP, but Rome wanted to raise this to 2.3 percent.

But it appears the Italian government has agreed to find an additional 3.4 billion of savings, to bring the deficit to 2.1 percent of GDP.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Bringing Order To A World Of Disasters
When the Earth Quakes
A world of storm and tempest






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
SHAKE AND BLOW
Ventura fault could cause stronger shaking
Riverside CA (SPX) Feb 15, 2017
A new study by a team of researchers, including one from the University of California, Riverside, found that the fault under Ventura, Calif., would likely cause stronger shaking during an earthquake and more damage than previously suspected. The Ventura-Pitas Point fault in southern California has been the focus of a lot of recent attention because it is thought to be capable of magnitude ... read more


SHAKE AND BLOW
Endurance athletes: Swig mouthwash for improved performance

Looking to the future: Russia, US mull post-ISS cooperation in space

Progress Underway for First Commercial Airlock on Space Station

A new recruit for ESA's astronaut corps

SHAKE AND BLOW
Airbus Safran Launchers: 77th consecutive successful launch for Ariane 5

India puts record 104 satellites into orbit

SpaceX Falcon 9 rocket vertical at Florida's Kennedy Space Center

India to launch record 104 satellites next week

SHAKE AND BLOW
ISRO saves its Mars mission spacecraft from eclipse

Mars Reconnaissance Orbiter plays crucial role in search for landing sites

Angling up for Mars science

Swirling spirals at the north pole of Mars

SHAKE AND BLOW
China looks to Mars, Jupiter exploration

China's first cargo spacecraft to leave factory

China launches commercial rocket mission Kuaizhou-1A

China Space Plan to Develop "Strength and Size"

SHAKE AND BLOW
NASA seeks partnerships with US companies to advance commercial space technologies

A New Space Paradigm

Why it's time for Australia to launch its own space agency

Government announces boost for UK commercial space sector

SHAKE AND BLOW
Terahertz chips a new way of seeing through matter

Cooling roofs and other structures with no energy

Researchers engineer thubber a stretchable rubber that packs a thermal conductive punch

Penn researchers are among the first to grow a versatile 2-dimensional material

SHAKE AND BLOW
Possibility of Silicon-Based Life Grows

NASA finds planets of red dwarf stars may face oxygen loss in habitable zones

Dwarf star 200 light years away contains life's building blocks

Santa Fe Institute researchers look for life's lower limits

SHAKE AND BLOW
NASA receives science report on Europa lander concept

New Horizons Refines Course for Next Flyby

It's Never 'Groundhog Day' at Jupiter

Public to Choose Jupiter Picture Sites for NASA Juno









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.