Eurozone finance ministers hope to agree on Tuesday on half a trillion euros worth of economic aid to finance recovery from the coronavirus, a discussion that has sown divisions as the bloc struggles with the outbreak, Reuters reports.
If they do agree, the joint EU and national government responses could add up to the biggest fiscal support programme in the world, surpassing that of the United States, Reuters calculations indicated.
But there is no deal in sight on issuing joint debt, something hardest-hit Spain and Italy have demanded but were denied by more fiscally conservative member states such as Germany and the Netherlands.
The ministers will agree on three economic safety nets – for workers, for businesses and for governments, the chairman of the ministers Mario Centeno noted in a video statement.
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