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New Zealand
New Zealand clean-up expected to cost over €1.1bn
NEW ZEALANDERS are coming to terms with the damage caused by yesterday morning’s 7.1-magnitude earthquake that wrecked a series of major buildings in Christchurch. Aftershocks have continued in the days afterward, and the country’s treasury believes the damage could cost 2 billion dollars (€1.1bn) to repair. That’s just over 1% of the country’s GDP.
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