According to the Financial Times, more than €3.1 billion is expected to be spent on restoring land and forests destroyed by the fires. This is significantly higher than the €2.5 billion the European Commission had budgeted to deal with wildfire-related damage across the EU for the whole year.
In France alone, economic losses are estimated to range between €10 billion and €15 billion.
In June, the European Commission disbursed €3.2 billion to Ukraine as the first installment of a €90 billion loan package intended to support the country during 2026 and 2027.
The European Commission says that since the escalation of the war in Ukraine in 2022, the European Union and its member states have provided a total of €216.7 billion in assistance to Ukraine. The support includes military aid, financial assistance, humanitarian relief, loans, and aid for Ukrainian refugees living across EU member states.
As the wildfires intensified, Spain and France activated the European Union Civil Protection Mechanism, requesting additional firefighting aircraft and personnel from other EU member states as well as Türkiye to help contain the blazes.
