The Deal

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Italy struggling with huge debts, because in front of the coronavirus-crisis

EU Finance Ministers have agreed to a €500bn (£430bn; $540bn) rescue package for the European countries hard by the Corona-Virus-pandemic.

The Chairman of The Euro group, Mário Centeno, announced The Deal , reached after marathon discussions in Brussels.

the Spanish Prime Minister said the country was in the near past the worst of his Corona-Virus outbreak.

Spain has Europe's highest number of confirmed cases, with 152,446. More Than 15,000 people have died.

The Head of The International monetary Fund (IMF) has warned that The World is facing its worst economic crisis since The Great Depression of The 1930S .

Kristalina Georgieva , said the Corona Virus pandemic would be.

On your Brussels talks, the EU Ministers failed to accept the demand from France and Italy share the costs of The Crisis through the issue of so-called corona bonds.

The Package is finally agreed is less than the European Central pushed Bank (ECB).

The ECB has said that the Block can be up to 1, -€. 5tn (£1. 3tn) to deal with The Crisis .

But, the French Finance Minister , Bruno Le Maire, welcomed the agreement as The Most important economic plan in the history of the EU.

"Europe has decided and is ready to us the seriousness of The Crisis ," he tweeted after the interview.

The main component of The Rescue plan includes the European stability mechanism, the EU bailout Fund, the guarantee of €240bn available to the spending of indebted countries Under Pressure .

The EU Ministers also agreed to other measures, including €200 billion in guarantees from the European investment Bank and a project of the European Commission for the national short-time working.

the Ministers were close to a deal on Wednesday, but The Talks failed and had to be resumed A Day later, in the midst of a dispute between Italy and the Netherlands , as The Recovery fund.

"Our faith in Europe has proved to be right!" tweeted The Italian President of the European Parliament , David Sassoli triumphantly, as soon as the EU announced the Minister of Finance The Deal .

So he is in the right: is everything hunky-dory now in the EU? The Dark mutterings of deep divisions banished?

Not really.

The EU will stumble through this crisis, as it did, through The Migration and the financial crisis, for example. The Block is not going to decay, but the scars remain in the countries, felt the cool absence of EU solidarity in the hour of coronavirus.

"This was not our best moment," a diplomat from an influential country of the EU has said it to me. "Our answer comes late, and is marked by nationalism. Solidarity went out The Window , with The First coronavirus to the victim. "

to do The Corona-Virus-pandemic exposed the deep divisions in Europe, where Italy and Spain have accused the Northern Nations led by Germany and the Netherlands - not enough.

Speaking of which, before the agreement, The Italian Prime Minister Giuseppe Conte told The Bbc that the EU needs, in order to challenge what he calls "the greatest test since The Second World War . "

The rate of infection is slowing down in Italy. The latest figures show positive increase from the previous day to a little More Than 1%. Two Weeks ago, the increase amounted to 7%. The death rate is also falling.

Spain's Prime Minister Pedro Sánchez said. He told MPs in Madrid on Thursday: "The Fire is under control. "

He swore, the country would have "total victory" over The Virus . According to the latest data of the last 24 hours, Spain has 683 deaths recorded - a drop of the 757 reported on Wednesday.

lockdown relaxed after Easter?

started In the last few days, leader to sound more positive.

to open Small, non-essential shops in Austria and the Czech Republic in the next week. Schools and kindergartens open on the 15th of April, and Norway, on 20 April.

in Italy, Too, considering, if some of the lockdown measures could gradually be relaxed. Mr Conte said: "When the scientists confirm it, we might be able to, some of the measures that already by The End of this month. "

But Spain extended the state of emergency on Thursday, to 26. April, keep people At Home for a further Two Weeks .

There is also widespread concern over the Easter weekend, when people generally travel to see loved ones.

Portugal lockdown has been tightened measures for Easter, with a ban on people to leave their local area without official documentation.

coronavirus pandemic, global economy, eurozone, european union

Source of news: bbc.com