126 billion euros, losses caused by heat, drought and floods in the summer season

The recently concluded summer season accounted for an estimated 126 billion euros in economic losses in the budgets of the European Union member states, according to a study carried out by a team formed by Sehrisch Usman, an economist at the University of Mannheim, and two researchers from the European Central Bank, a study cited by the German publication Frankfurter Allgemeine Zeitung in an article published yesterday.

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