Governments endorse suspension of EU limits on borrowing amid epidemic
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BRUSSELS (Reuters) - European Union finance ministers formally endorsed on Monday the suspension of EU limits on governments borrowing to give the 27 EU countries a free hand in fighting the disastrous effects of the coronavirus epidemic on the economy.EU rules require that governments cut budget deficits until their books are in balance or in surplus and that they reduce public debt every year until it is below 60% of GDP.But with the coronavirus pandemic expected to put the EU into a deep..