The European Commission on Wednesday proposed a ?750 billion (about $826 billion) stimulus package to help the European Union recover from a recession brought on by the coronavirus pandemic. Paolo Gentiloni, the European commissioner for economy, described the stimulus package as a "European turning point to face an unprecedented crisis." The package would be the biggest in European history, far outstripping the post-World War II Marshall Plan. The European Commission said it aimed to fund its recovery plan by raising unprecedented sums through the financial markets. The euro gained 0.4%, to $1.10 in European trading. source