EU talks on how to help southern Eurozone countries badly affected by the coronavirus epidemic have stalled after 16 hours. The European Central Bank says the bloc may need up to €1.5tn ($1.6 trillion; £1.3tn) to tackle the crisis.

European finance ministers were close to a deal, but the talks broke down amid a dispute between Italy and the Netherlands over how to apply the recovery fund. Negotiations will resume on Thursday. The coronavirus pandemic has exposed deep divides in Europe, where Italy and Spain have accused northern nations – led by Germany and the Netherlands – of not doing enough.(BBC)…[+]