Eurogroup fails to agree economic rescue package

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Eurogroup fails to agree economic rescue package

EuropeanCouncil_PA_575x375_8April2020
Flags of Europe or European Flag is the symbol of Council of Europe CoE and The European Union EU as seen in the Belgian capital Brussels in front of modern architecture high buildings with glass and steel construction the Le Berlaymont building, European Commission headquarters. The flag was designed by Arsène Heitz and Paul M. G. Lévy. Brussels, Belgium - February 20, 2020 (Photo by Nicolas Economou/NurPhoto) | Nicolas Economou/NurPhoto/PA Images

Finance ministers have agreed on the use of the European Stability Mechanism, the European Investment Bank and a new unemployment fund as a fiscal response to the coronavirus crisis, but they remain split on language about a possible common recovery fund. They are set to reconvene — virtually — on Thursday afternoon.

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