Czech Prime Minister Petr Necas pledged 300 million Czech crowns ($15 million) to relief efforts and said another 2,000 troops were ready to support the 300 soldiers already helping to erect temporary barriers and pile sandbags in Prague and other areas.
"The government approved the declaration of a state of emergency, which will enable a more effective rescue effort," said Necas after an emergency cabinet meeting, adding that there was another 1.3 billion crowns available to help fund the cleanup operation.
The historic area of Prague is a UNESCO heritage site boasting hundreds of well-preserved buildings, churches and monuments dating back centuries, including the Charles Bridge straddling the Vltava that was closed due to high water
Czech Prime Minister Petr Necas declared a state of emergency for most of the nation on Sunday as swollen rivers caused by days of heavy rain threatened Prague's historic centre and forced evacuations from low-lying areas.
Prague authorities limited public transport and planned to close underground stations in the centre of the city as water from the Vltava River overflowed into picturesque areas popular with tourists
The main train line connecting the capital and the east of the country was also shut.
Mauro Busani, 26, tells of his struggle to find work, as Italy's unemployment rate reaches a reported 36-year-high.Read the full story ›
Youth unemployment (under 25) grew across the euro area last month, to 23.5% in the European Union and 24.4% in the euro area, according to official figures. The highest rates occur in Greece, Spain, Portugal and Italy:
- Greece: 62.5% (Feb 2013)
- Spain: 56.4%
- Portugal: 42.5%
- Italy: 40.5%
The euro area unemployment rate grew to 12.2% in April 2013, up from 12.1% in March, according to the European Union's statistics office Eurostat. Among European Union countries the rate remains at 11%.
- Greece has the highest rate of unemployment: 27% (as of February)
- Spain follows closely behind with 26.8% of people out of work
- Portugal's unemployment rate stands at 17.8%
Italy's unemployment rate reached a 36-year-high in April of 12%, according to Bloomberg. The economy will contract 1.8% in 2013, as weak demand prolongs the longest recession in over two decades, the Organisation for Economic Cooperation and Development (OECD) said.
Italian youth unemployment figures reached a record high of 40.5% in April, CNBC reports.
Cameron has pledged to back a Conservative MP's EU referendum bill, as Cable labelled the move potentially 'damaging' for the country.Read the full story ›
Vince Cable told an Anglo-American business conference tonight that for all its problems, Europe is the largest trading market in the world.
He said no friend of British business would advocate breaking from Europe, but said there must be reform.
Business Secretary Vince Cable has hit out at the EU referendum Bill, saying leaving the EU will create a lot of uncertainty for millions of British businesses and could threaten the UK's fragile recovery. Branding the move untimely and unhelpful, he said:
"This is just reopening a Pandora's box which potentially is not only damaging to them as a party, but it is damaging to the country."