The European Commission will present a pandemic recovery plan next week that will exceed 1 trillion euros in a mix of grants and loans, Executive Vice President Valdis Dombrovskis said on Tuesday.
Dombrovskis, speaking after a meeting of EU finance ministers, welcomed a proposal by France and Germany for a 500 billion euro fund to disburse grants to worst-hit regions and sectors.
Japan will begin to pay 100,000 yen (about $ 930) in financial aid to each citizen in May, Tarō Asō, the country's deputy prime minister and finance minister, told a news conference in Tokyo.
The aim is to help all families, regardless of income, in dealing with the damage the coronavirus epidemic has caused to the country's economy.
From mid-March up until the end of May at the earliest, the state looks set to be the main - if not the only - income provider for about 3 million households in Greece, or 70 percent of all families.
The reduction of the private sector's contribution toward the country's total income is unprecedented and the gap will have to be bridged (although not covered) by the state budget.