EU to propose trillion euro recovery grants and loans
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BRUSSELS (Reuters) - The European Commission will present a pandemic recovery plan next week that will exceed 1 trillion euros (893 billion pounds) in a mix of grants and loans, Executive Vice President Valdis Dombrovskis said on Tuesday.Dombrovskis, speaking at a press conference after a meeting of EU finance ministers, welcomed a proposal put forward by France and Germany on Monday for a 500 billion euro economic recovery fund to disburse grants to worst-hit regions and sectors. But he said..