Flood ravaged Germany for 12 billion euros

June 12, 2013. Specialists rating agency Fitch estimated the damage caused by flooding in Germany, at 12 billion euros. It is reported by Associated Press.

Of this amount, the share of the insurance companies do not have to pay more than a quarter — about 2.5-3 billion. According to experts of the agency, the majority of residents affected by the flooding areas are not covered by insurance against natural disasters.

Somewhat earlier, analysts estimated the flood damage at six billion euros. The authorities have promised to allocate the federal budget of EUR 100 million to cover losses suffered.

Recall that began in late May rains have caused major flooding in several European countries. In addition to Germany, the brunt of the disaster hit Austria, Hungary, the Czech Republic. Flood victims were 18 people, 10 of them were killed in the Czech Republic. Tens of thousands of people were evacuated from flooded areas.

In 2002, Germany also suffered from a major flood. However, if the damage amounted to only 1.8 billion euros

Source: KM.RU

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