After 16 hours of discussions, as of Wednesday morning eurozone finance ministers had failed to find an agreement on the coronavirus rescue package, with a north-south impasse looming large.

Mario Centeno, president of the Eurogroup, decided to suspend the talks, but they are set to resume on Thursday.

EU leaders have been struggling to find an agreement on bailout measures meant to help countries hardest hit by economic fallout from the coronavirus.

The main divide is between the southern states of Italy and Spain, and the northwestern countries of the Netherlands, Austria, and Finland.

While the Mediterranean countries are insisting on launching

Read more: EU: North-south divide on coronavirus bailout plan