Whether the recovery package amounts to €500bn ($545bn; £448bn) or even a potential €1 trillion, the details of European Commission President Ursula von der Leyen's plans are eagerly awaited.

At 13:30 Brussels time (12:30 in the UK), she'll say how the Commission plans to fund the recovery package and how it'll be paid out to countries that need it.

Italy (with 32,955 Covid-19 deaths) and Spain (27,940 deaths) want economic help in the form of grants rather than loans. Germany has agreed with France that the money should be raised on capital markets - which is a big shift for Berlin in terms of joint borrowing of debt by EU countries.

Not everyone is happy - the "four frugal" states of Austria, the Netherlands, Sweden and Denmark are unconvinced. But all 27 will need to agree.

The big questions are:

• Who gets the money and how?
• How will the debts be repaid and over how long?
• Will the EU impose a tax on multinationals? Or a levy on plastics and CO2 emissions?