The package includes direct payments of €20,000 to €60,000 to owners of damaged homes.
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NewsTranscript
00:00Amid public outrage over the government's weak response to severe flooding on Spain's
00:05eastern coast, Prime Minister Pedro Sanchez has finally announced a financial aid plan.
00:30The continuing storms in eastern Spain have killed at least 217 people, mostly near Valencia.
00:45But the death toll is expected to rise as more underground car parks are cleared out.
00:54Spanish authorities are still struggling to access some areas as large swathes of land are covered in mud and rubble.
01:03There are also concerns that the extent of mud and debris could cause public health issues.