May 27, 2020 / 9:53 AM / in a month

EU executive to offer 500 billion euros in grants, 250 billion in loans in COVID recovery: sources

BRUSSELS (Reuters) - The European Commission will propose on Wednesday to offer EU member states 500 billion euros in free grants and a further 250 billion euros in repayable loans as part of a new coronavirus economic recovery plan, diplomats and officials told Reuters.

Reporting by Gabriela Baczynska; Editing by John Chalmers

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