The big sub-package will cost 500 billion euros in grants and 250 billion in loans, according to sources familiar with the plans.
Commission chairwoman Ursula von der Leyen made the announcement in recent days. That paves the way for, as it is believed, difficult negotiations between the 27 EU member states that disagree on how best to finance the economic recovery of the bloc.
The Commission's proposal is expected to include those who raise funds from the capital market, with a guarantee from EU member states and joint payments over the next few decades, which is a controversial move that requires unanimous approval.
