EU leaders clash over economic response to coronavirus crisis

Italy and others seek EU-backed ‘coronabonds’ to lift member states out of recessionCoronavirus – latest updatesSee all our coronavirus coverageEuropean leaders have clashed over how to pull their economies through the coronavirus crisis, as Italy accused other member states of a timid response to an unprecedented economic shock.Meeting via a video link, the EU’s 27 leaders papered over deep divisions by agreeing that another fortnight was needed to discuss ambitious economic recovery plans. After a testy debate over “coronabonds”, i.e raising funds through issuing shared European debt, the bloc kicked a decision down the road, by calling on EU finance leaders to present proposals within two weeks. Continue reading…

Read More