Mittwoch, 22.11.2017 23:19 Uhr

€1.2 billion. EU Solidarity Fund for Earthquakes

Verantwortlicher Autor: Carlo Marino Rome, 29.08.2017, 15:16 Uhr
Nachricht/Bericht: +++ Wirtschaft und Finanzen +++ Bericht 6061x gelesen

Rome [ENA] The budgets committee of the European Parliament is expected to approve €1.2 billion from the EU Solidarity Fund to aid the recovery following a number of recent earthquakes in central Italy. A series of four major earthquakes struck Central Italy between Abruzzo, Lazio, the Marche and Umbria regions on 18 January 2017.It would be the highest single sum allocated from the fund up to the present time.

The quakes occurred in a seismic gap located between the areas hit by the August 2016 earthquake, the October 2016 earthquakes and the one in Umbria and Marche in 1997. In that gap, no strong earthquake happened for more than 100 years until 2016. Centuries-old structures, including the cathedral and basilica of San Benedetto in Norcia, a 14th century church built to honor the patron saint of Europe, Saint Benedict, was reduced to debris, as was a tower and St Augustine church in Amatrice.

Article 175, third paragraph, Article 212(2) of the Treaty on the Functioning of the European Union (TFEU), Council Regulation (EC) No 2012/2002 of 11 November 2002 establishing the European Union Solidarity Fund and Regulation (EU) No 661/2014 of the European Parliament and of the Council of 15 May 2014 amending Council Regulation (EC) No 2012/2002 establishing the European Union Solidarity Fund are the legal basis of the Solidarity Fund. The European Union Solidarity Fund allows the EU to deliver a financial support to a Member State, an accession country or a region in the event of a major natural disaster.

The European Union Solidarity Fund (EUSF) empowers the EU, acting as a body, to provide effective support to a Member State, or to an accession country, in its endeavors to deal with the effects of a major natural disaster. Through the EUSF, which is not covered by the EU budget, up to EUR 500 million (2011 prices) can be made available each year to increment public expenditure on emergency operations by the Member State(s) concerned. The procedure for allocating a grant, followed by a budgetary procedure, can take several months. Once the appropriations have been made obtainable, the Commission concludes an agreement with the beneficiary State and makes a grant.

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