European Union finance ministers have agreed on half-a-trillion Euros worth of support for their corona virus battered economies.

The agreement was reached after EU powerhouse Germany, as well as France, put their feet down to end opposition from the Netherlands over attaching economic conditions to emergency credit for governments weathering the impacts of the pandemic, and offered Italy assurances that the bloc would show solidarity.

Italian Prime Minister GIUSEPPE CONTE earlier warned that the EU’s very existence would be under threat if it could not come together to combat the COVID-19 pandemic caused by the novel corona virus.

 EU member states has struggled to present a united front in the face of the pandemic, squabbling over money, medical equipment and drugs, border restrictions and trade curbs, amid fraught talks.