Tuesday, November 5, 2024, 1:15 p.m. | Updated 2:17 p.m.
“The reconstruction plan for the Valencian Community will last as long as it takes.” This was stated by Pedro Sánchez in his appearance after the Council of Ministers in which the declaration of all the municipalities affected by DANA in Valencia as catastrophic areas was approved. There will be aid “for the most affected sectors”, but also for people, who will be able to request various amounts to repair damage to their homes, as well as replace furniture and for the acquisition of a new vehicle. A new form of extraordinary sick leave is even being implemented for those affected “both physically and psychologically.” One of the many changes will reach “both citizens and SMEs.”
As stated by the President of the Government himself, the agreement in the Council of Ministers will allow citizens and SMEs “who have a mortgage or consumer loan to be able to postpone the full payment of their credits for three months, and pay only the interest for 9 months. additional.
Even the example of the situation has been detailed by Sánchez himself. “This means that an average mortgage of 600 euros per month will allow a person to pay nothing, 0 euros, during the first quarter and that in the subsequent nine months they will pay 300 euros per month,” indicated the president.
We will have to wait for the respective publication in the Official State Gazette to know the fine print of this aid, as well as the complete package that will allow, as Pedro Sánchez has stated, the “reconstruction of Valencia.”
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