Category: bailout

EU fails to reach deal on Covid-19 bailout plan

EU finance ministers have failed to agree on a bailout plan to help hard hit member states face the coronavirus outbreak, after Italy refused to abandon its plea for “coronabonds” to share the burden. “After 16 hours of discussions, we came close to a deal but we are not there yet. I suspended the Eurogroup […]

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Ministers expected to agree to use Europe’s bailout fund

Eurozone finance ministers are expected to agree to use Europe’s bailout fund to help support economies stricken by the coronavirus pandemic. However, during a video conference this afternoon they are expected to stop short of agreeing to pool European debt through so-called coronabonds, an approach favoured by a number of countries, including Ireland. During a […]

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