The economy and finance ministers of the European Union member states, as well as the European Commission, are looking for effective measures to help Europe's economy that is hit hard amid the coronavirus pandemic crisis.
The deal aimed at helping member states affected by the coronavirus pandemic, while also supporting companies and shielding jobs.
Europe is currently facing an economic crisis due to the outbreak of the coronavirus pandemic, therefore, the finance ministers in the European Union are trying to find a solution that all member states would agree on.
The finance ministers in the Eurozone have agreed on introducing a budget tool for the 19-member states during a lot of negotiations and discussions. However, a lot of issues remain unclear.