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European Commission moves to aid Emilia Romagna recovery

02/08/2012

The European Commission adopted on 1st August a decision to reallocate EUR 10 Million of the European Regional Development Fund Programme for Emilia Romagna, in a bid to speed up economic recovery in the aftermath of two earthquakes which hit the region in May. The Italian authorities are also expected to seek assistance from the European Union Solidarity Fund, which also comes under the remit of EU Commissioner for Regional Policy, Johannes Hahn.

Commenting on the reprogramming, Commissioner Hahn stated: "I have seen the full scope of devastation in Emilia Romagna upon my visit in June, and I said then that the Commission would do all in its power to support the region in this time of need. Today's step is a small, but significant one to improve conditions for local communities, and provide the services and equipment necessary for economic recovery and the resumption of normal life."

The earthquake caused considerable damage to the social infrastructure, cultural heritage and economic fabric of the region, with an estimated cost of EUR 9.8 billion. The locations worst hit are among the most productive and competitive areas in Italy accounting for 2% of national GDP.

More information in the press release.