EU finance ministers fail to clinch virus rescue deal

EU finance ministers failed on Wednesday to agree on a bailout plan to help hard hit member states face the coronavirus outbreak, after Italy refused to abandon its plea for "coronabonds" to share the burden, AFP reported.

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