The European Union has been holding talks with member states to reach common ground on how best to respond to the economic threat of the coronavirus pandemic. The EU27 reached a tentative agreement on Thursday during a special virtual summit after which they charged the European Commission with drafting a new €1.5 trillion recovery fund. But speaking ahead of the summit, former Greek Finance Minister Yanis Varoufakis warned the bloc is yet again "kicking the can down the road" and is risking making the same mistakes as during Greece's debt crisis.