28 July 1997
Flood damage in East Germany could cost DM1bn

Flood damage to East German agriculture could cost up to DM1bn (£350m).

Heavy rains have caused the floods. Theo Waigel, Germanys finance minister, has already said those suffering financial losses would be able to delay tax payments. The government has already made DM20m immediately available and has promised to increase relief funding if further assistance is needed.

  • Financial Times 28/07/97 page 2
  • The Guardian 28/07/97 page 11
  • The Independent 28/07/97 page 9
  • The Times 28/07/97 page 13
  • The Guardian 28/07/97 page 10