Economics

EU Finance Chiefs Dodge Coronabonds in $590 Billion Rescue

Deal omits reference to shared debt to fund recovery
EU leaders will discuss the rescue measures on April 23

Bruno Le Maire attends the EU finance ministers meeting by videoconference in Paris on April 9.
Photographer: Ludovic Marin/ AFP via Getty Images

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Viktoria Dendrinou, Nikos Chrysoloras, and Milda Seputyte

April 10, 2020 at 7:47 AM UTC

Updated on

April 10, 2020 at 12:07 PM UTC

This article is for subscribers only.

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.

European Union finance ministers agreed on a 540 billion-euro ($590 billion) package of measures to combat the economic fallout of the coronavirus pandemic, papering over differences that have thrown into question the EU’s future integrity.