Brussels, July 19 (RHC)-- An EU summit to agree a huge coronavirus economic rescue package was at risk of collapse without a deal on Sunday as bickering leaders struggled to find compromises on a third day of talks.

The 27 leaders have argued for more than two days over the scale and rules for the package, with the Netherlands leading a band of "frugal" allies in demanding lower budgets and tougher conditions for handouts.

At the start of what she said was probably the "decisive" third day of the extraordinary summit, German Chancellor Angela Merkel said there were still many divisions among the leaders.

"I still can't say whether a solution will be found," she said. "There is a lot of good will ... but it may also be that no result will be achieved today."