The EIB stands ready to provide financial support to redress damage caused by the current flooding in Europe. EIB President Werner Hoyer commented: “The EIB is considering how it could best help and which financing instruments it could use to provide support for urgent reconstruction programmes at local and regional levels as well as for future flood prevention schemes.” The President offered the support of the Bank in writing to the German Chancellor Angela Merkel, to Austrian Chancellor Werner Faymann, to Slovak Prime Minister Robert Fico, to Czech Prime Minister Petr Necas and to Hungarian Prime Minister Viktor Orban.
