EU Leaders Struggle to Find Way Forward With Economy Tanking
- Video call ends with deal murky on details of policy response
- Stalemate raises doubts about EU’s ability to contain fallout
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European leaders struggled to agree on a concrete strategy to contain the fallout from the deadly coronavirus, leaving key details to be hammered out in the weeks ahead.
With thousands of people falling ill and hundreds dying every day from the pandemic, the leaders spent much of Thursday arguing over whether a joint communique would hint at financial burden sharing as a way to repair the damage to their economies. Earlier this week, finance ministers had passed the buck to the leaders but the leaders passed it right back. They tasked the finance chiefs with coming up with proposals within two weeks.