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EU ministers fail to agree virus economic rescue in all-night talks

1 month ago   |   By National Post

BRUSSELS - European Union finance ministers failed to agree in all-night talks on more support for their coronavirus-hit economies and their chairman said on Wednesday morning he was suspending the discussions until Thursday.
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Divided Europe-EU finance chiefs fail to agree on coronavirus bailout funding after marathon meeting

1 month ago   |   By Fortune

European Union finance ministers failed to agree on a strategy to mitigate the economic impact of the pandemic , prolonging a paralysis that casts doubt over the bloc's ability to weather the crisis. Italian bonds fell.
In an emergency teleconference that lasted more than 16 hours, finance chiefs couldn't reconcile their contrasting visions for the steps needed to help European economies recover, as countries in the continent's hardest-hit south were pitted against hawkish northern states over sharing the costs of the looming recession.
Faced with what could be the deepest recession on...
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