EU Fails to Agree on 500 Billion-Euro Response to Virus Crisis

Negotiations on measures to cushion recession end in acrimony
Finance chiefs will now resume talks on Thursday, amid rift

WATCH: The failure to find an agreement prolongs a paralysis that casts doubt over the bloc’s chances to weather the storm unscathed.(Source: Bloomberg)

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By Viktoria Dendrinou and Nikos Chrysoloras

April 8, 2020 at 6:04 AM UTC

Updated on

April 8, 2020 at 9:05 AM UTC

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European Union finance ministers failed to agree on a 500 billion-euro ($543 billion) package to mitigate the economic impact of the pandemic, prolonging a paralysis that casts doubt over the bloc’s ability to weather the crisis. Italian bonds fell.