The EU struggled to agree to a unified response to the coronavirus crisis during six hours of fraught summit haggling via video conference.
EU leaders on Thursday gave eurozone finance ministers a fortnight to come up with a stronger response to the economic havoc wrought by the coronavirus pandemic.
"These proposals should take into account the unprecedented nature of the COVID-19 shock affecting all our countries and our response will be stepped up, as necessary, with further action in an inclusive way, in light of developments, in order to deliver a comprehensive response," the summit statement said.The talks dragged on as Madrid and Rome blocked the statement, holding out for a stronger response.
But northern countries led by Germany and the Netherlands were against what they see as efforts by their southern neighbours to push their long-standing demands for eurozone members to pool public debt. At a videoconference last week, Conte suggested the creation of corona bonds to pool the debt of the 19 countries in the eurozone.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU effort to tackle virus hindered by lack of consensusHospitals in Germany have offered to admit a handful of seriously ill Italian patients suffering from coronavirus-related complications.. Read more at straitstimes.com.
Read more »
EU leaders to shield strategic firms from hostile interest amid crisisEuropean Union leaders will on Thursday back plans to defend healthcare, infrastructure and other firms seen as having strategic role from hostile ...
Read more »
EU marks 25th anniversary of open-border Schengen pact with closed frontiersThe European Union marked the 25th anniversary of its open-border Schengen agreement on Thursday with all its land borders shut or subject to ...
Read more »
EU struggles to unite over economic response to coronavirusEuropean Union leaders wrangled over how far to go on rolling out emergency aid for their economies hit by the coronavirus on Thursday, with ...
Read more »
EU regulators to probe Johnson & Johnson's Takeda dealEU antitrust regulators opened on Wednesday a full-scale investigation into Johnson & Johnson's buy of Takeda Pharmaceutical Co's surgical patch ...
Read more »
France's Macron told EU leaders 'survival of European project' at stake in coronavirus crisisPARIS (REUTERS) - French President Emmanuel Macron warned his fellow European Union leaders on Thursday (March 26) that the coronavirus outbreak risked undoing the bloc's central pillars such as its no-border zone if they failed to show solidarity in this crisis, a diplomat said.. Read more at straitstimes.com.
Read more »