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EU finance ministers fail to clinch virus rescue deal

European Union finance ministers failed to agree in all-night talks on more support for their coronavirus-hit economies and their chairman said on Wednesday morning he was suspending the discussions until Thursday. Diplomatic sources and officials said a feud between Italy and the...

ECB eases bank funding rules in 'unprecedented' step

The European Central Bank on Tuesday announced an "unprecedented" easing of collateral requirements in a bid to boost bank lending during the coronavirus crisis. The package of measures aims to "mitigate the tightening of financial conditions across the euro area" and includes the use of...

EU to debate strategy to exit virus lockdown

The European Commission will on Wednesday consider how to craft a plan to ease the bloc out of a virus lockdown that has dealt a body blow to the economies of EU members. Commission president Ursula von der Leyen will hold an "orientation debate" with commissioners by videoconference, after...