'Repair and Prepare': EU unveils 750 billion euro plan for coronavirus recovery

BRUSSELS (Reuters) - The European Commission unveiled on Wednesday a plan to borrow on the market and then disburse to EU countries 750 billion euros (671 billion pounds) in grants and loans to help them recover from their coronavirus slump, giving an immediate boost to the euro . Much of the money is to go to Italy and Spain, the worst affected by the pandemic, which together would receive 313 billion euros in grants and loans.The aim is also to protect the European Union's single market of 450..