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EU finance ministers forgo using fiscal 'firepower' for now

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Eurogroup chairman Mario Centeno said the unfolding scenario was "war-like" and that EU ministers meeting by videoconference were duty-bound to do whatever it took to respond to the crisis.

[BRUSSELS] EU finance ministers pledged on Monday to fight the coronavirus "war" that is destroying their economies, but held off from announcing a major plan to boost Europe.

One by one, EU nations are enforcing strict lockdowns as governments make the tough decision to sacrifice their...

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