Spain's finance minister says 'good deal' reached in Eurogroup

Spain's finance minister Nadia Calvino said on Thursday a "good deal" was reached among European Union countries to address the economic impact of the coronavirus pandemic. "We have reached a good deal in the Eurogroup, with a triple security network for workers, companies, and states in the fight against Covid 19," Calvino tweeted.

"We will continue working in common financial mechanisms for the economic recovery," she added. Spain had insisted in recent weeks on the need for a stronger EU economic response, including joint issuance of debt.

European Union countries on Thursday evening agreed the emergency credit lines from the euro zone's bailout fund "will be available until COVID-19 crisis is over", a draft of their deal read.