WARSAW (Reuters) - Polish Finance Minister Andrzej Domanski said on Friday a pledge worth 5 billion euros ($5.6 billion) from the European Union to help the country cope with the fallout from its worst flooding in at least two decades may not be enough to cover its losses.

While in Wroclaw, Poland, the President of the European Commission announced billions in aid for countries affected by severe flooding - saying it was "heart-breaking to see the destruction and the devastation through the floods.

The worst floods to hit central Europe in at least two decades have caused widespread damage from Romania to Poland.

A massive floodwave moving across Central Europe is threatening new areas and raising concerns among residents and leaders.