EU fails to reach economic deal after 16 hours negotiation

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EU fails to reach economic deal after 16 hours negotiation

Apr 08, 2020 20:05 IST

The European Union Economy and Finance ministers have failed to reach an agreement on a set of measures to mitigate the economic impact of the Covid-19 pandemic on the worst-affected member states despite more than 16 hours of negotiation. The Eurogroup said it would meet again on Thursday to resume talks and reach a consensus. The main disagreements stem from differing points of view on the conditions for accessing soft loans under the eurozone rescue fund, the European Stability Mechanism.

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