Eurogroup fails to agree economic rescue package

EuropeanCouncil_PA_575x375_8April2020
By Jean Comte
08 Apr 2020

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.

Despite 16 hours of videoconference on Tuesday night, EU finance ministers did not manage to hammer out a common position on a package of hundreds of billions of euros to alleviate the economic consequences of the pandemic. 

Sources say that there is a broad agreement among ...

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