Italy and Spain to benefit from EU packagepublished at 12:02 British Summer Time 27 May 2020
We're beginning to get more details on that eagerly awaited recovery fund for the EU.
The package is reported to be worth more than €500bn ($545bn; £448bn) and the full details will be spelt out by European Commission President Ursula von der Leyen shortly.
We'll bring you live updates of the announcement from 12:30 BST (11:30 GMT).
Italy and Spain - the two worst-affected countries in the bloc - will receive most of the recovery fund, a senior official has told Reuters news agency.
Italy could receive more than €170bn, while Spain could be set to receive €140bn, according to AFP. About half of this financial help will consist of loans, the news agency reported.