Rebuilding Flood-Damaged Thessaly Will Cost Greece 3.5 Billion Euros

ATHENS – Still grappling with the aftermath – notably high food prices and lost lands – it will require over €3.5 billion ($3.81 billion) to rehabilitate parts of Greece’s agricultural heartland in Thessaly, submerged in the deadly floods of 2023.

The catastrophe, which claimed 17 lives during Storm Daniel, largely attributed to climate change, inundated Greece, devastating 25% of the nation’s breadbasket and triggering shortages that sent supermarket prices soaring.

“It was essentially the most significant natural disaster that the Greek state has had to contend with in its history,” remarked Mitsotakis during a campaign visit to the region on the eve of European Parliament elections, while rallying support for New Democracy candidates.

He asserted that the government is now better equipped to handle such crises, given the accelerating economic recovery. However, despite adequate revenues, the funds fall short of enabling a reduction in the 24% Value Added Tax (VAT) on food.

“If this natural disaster had occurred under different economic circumstances, the situation would undoubtedly be far more challenging,” he acknowledged. In the 2023 local elections, a New Democracy-endorsed governor lost his position in Thessaly.


ATHENS - A law enforcement agency being called a version of the US Federal Bureau of Investigation (FBI) is being set up in Greece to try to deal with fighting mobsters after a Greek police operation called Clean Hands couldn’t do it.

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