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Eurozone fails to agree on €540bn coronavirus rescue plan

Eurozone fails to agree on €540bn coronavirus rescue plan

All-night EU talks break up without a deal amid splits over conditions on financial aid

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Talks on a coronavirus economic rescue plan for the eurozone worth up to €540bn (£476bn) have broken up without a deal amid north-south divisions over the strings to attach to financial aid for the most-stricken countries.

Negotiations were suspended after a marathon all-night video conference call between the 19 finance ministers of the eurozone ended early on Wednesday morning.

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