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Lower revenues, pricier loans: How flooding in Europe affects firms and the financial system they depend on
In Europe, the fastest-warming continent, the intensification of extreme weather events and changes in precipitation patterns have led to widespread and catastrophic flooding. Last year, storms and ...
In May of 2023, extreme floods devastated the Emilia-Romagna region of Italy. The floods killed seventeen people, displaced thousands, and caused an estimated €8.5 billion in damages. Since then, the ...
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