European Union finance ministers deadlock on coronavirus economic strategy

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Finance ministers fell short of agreement Tuesday night on an EU-wide strategy to fight an economic slump caused by the coronavirus

BRUSSELS — .

“We still need more work, this was the conclusion of this evening,” Mário Centeno of Portugal told reporters after chairing the meeting. “The mandate that we get from [leaders] is absolutely key to the next steps.” Compared to the corona bonds idea, many countries preferred the option of opening credit lines from the European Stability Mechanism , Centeno said — although nothing has been agreed.

 

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