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Saturday, December 03, 2005

Spain approves aid for Canary Islands

The Spanish government yesterday approved an aid package for the Canary Islands, where thousands of houses were damaged earlier this week by Tropical Storm Delta. Deputy Prime Minister Maria Teresa Fernandez de la Vega said the Cabinet had approved the aid package, including tax and social security breaks as well as reconstruction grants. She did not give a total value for the package, or give any details on damage estimates. *

Fernandez de la Vega plans to visit the islands later today.

Spain approves aid package for Canary Islands

* We have heard a round figure of 300 million euros (circa. £202 m / $351 m) being used in the media as an estimate of the total damages, but just how accurate that figure might be, we cannot say.

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