European Union leaders failed to reach a consensus Thursday on further measures to tackle the economic consequences of the novel coronavirus.   

During a virtual summit, heads of states and governments indicated their support for steps by the European Commission to tackle the socio-economic consequences of the coronavirus crisis but were unable to reach a consensus on issuing common debt in order to bail out economies in need.   

The leaders approved previous proposals on providing medical equipment through joint procurements and common stockpiles and supporting research.   

They also endorsed a decision by European affairs ministers on opening

Read more: EU leaders clash over economic response to COVID-19