The night vigils of the finance ministers of the EU member countries (Eurogroups), which lasted as long as 16 hours in the format of a video conference, did not bring results. Participants could not agree on the final text of the plan to save the national economies affected by the consequences of the coronavirus epidemic.
It was assumed that an unprecedentedly huge amount of half a trillion euros would be allocated to support businessmen, farmers and those who were left without work.
Berlin is not ready to take on the debt burden of the Southerners. The pressure on Germany is increasing. We see that Spain and Italy have already changed the tone in the negotiations, more and more insistently demanding help from the Germans.
Eurogroup talks on anti-crisis economic support will continue tomorrow - April 9th. And, perhaps, the current situation will be the main test of strength for the European Union.