Eurozone ministers reach 'significant' deal on coronavirus rescue package

Eurozone finance ministers have reached a "significant" deal on a rescue package for member states impacted by the coronavirus crisis.

Member states earlier this week failed to reach agreement during a marathon teleconference.

However, Finance Minister Paschal Donohoe confirmed a deal has now been done following another attempt this evening.

The #Eurogroup video conference is ongoing.
Finance ministers are working further on the 🇪🇺 EU’s response to the economic fallout of #COVID19 #coronavirus.
Find out who is representing your country:
👉 https://t.co/SBK48SJgMr
And who's on Twitter:
👉 https://t.co/vsXoKPM8Oc pic.twitter.com/SpSKu821VV

— EU Council (@EUCouncil) April 9, 2020

He said supports will be available to "governments, employers and citizens".

"It took a few hours to agree, but only because this really matters," Mr Donohoe said in a post on Twitter, calling the agreement a "very important step forward".

Very significant agreement reached in #Eurogroup. Support available for governments, employers and citizens. It took a few hours to agree, but only because this really matters. Very important step forward.

— Paschal Donohoe (@Paschald) April 9, 2020