Economics
Europe Struggles to Agree on a Plan to Stem Virus Recession
- The bloc’s finance ministers hold emergency video conference
- They’re hoping to agree on measures to bolster the economy
Police cordon blocks access to the Champs de Mars park near the Eiffel Tower monument in Paris, April 4.
Photographer: Cyril Marcilhacy/BloombergThis article is for subscribers only.
Divisions among the European Union’s finance ministers threatened to derail, or at least delay, the bloc’s attempt to put forward a bold strategy aimed at mitigating the economic impact of the global pandemic.
An emergency teleconference that started Tuesday dragged on until Wednesday morning, as the region’s finance chiefs struggled to reconcile their contrasting visions, forcing negotiations to continue through the night. A press conference was tentatively scheduled for 10 a.m. Brussels time.