EU ministers fail to agree virus economic rescue in all-night talks

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 Netherlands over what conditions should be attached to eurozone credit for governments fighting the pandemic was blocking progress on half a trillion euros worth of aid.

"After 16 hours of discussions we came close to a deal but we are not there yet," Eurogroup chairman Mario Centeno said. "I suspended the Eurogroup and [we will] continue tomorrow."

The finance ministers, who started talks at 5.30 p.m. (Greek time) on Tuesday that lasted all night with numerous breaks to allow for bilateral negotiations, are trying to agree a package of measures to help governments, companies and...