Over US$800 billion would be part of a debt-financed investment program to fight the pandemic, while the new seven-year EU budget framework would provide over US$1 trillion.
"The solidarity of all states among themselves will pay off for all," said Maas. However, not all EU member states were in agreement.
Leaders of the "thrifty" countries Austria, the Netherlands, Sweden, Denmark, and Finland still had reservations about the subsidies and wanted to further reduce the sums.
They would prefer to give only repayable loans to countries such as Italy and Spain, which were particularly hard-hit by the coronavirus crisis.
"Europe's word carries the most weight in the world if we all act in unison. This is not only important in the coronavirus crisis, but also concerning Europe's neighborhood and is in our immediate strategic interest," said Maas.