EU Holdouts Set to Accept 390 Billion-Euros of Grants

The transcript discusses a tense European summit focused on reaching a compromise on a recovery fund. The proposed amount of €390 billion is a compromise between the frugal four and Southern European countries, a reduction from the initially proposed €500 billion. Angela Merkel and Emmanuel Macron had pushed for a higher amount, while Mark Rutte played hardball, demanding a bigger rebate and strict governance. The future of the recovery fund and its impact on the European economy post-coronavirus remains uncertain.

What is the current proposed amount for the European recovery fund?

• €500 billion

• €390 billion

• €400 billion

• €450 billion

Which countries are considered the 'frugal four' in the negotiations?

• Western European countries

• Eastern European countries

• Northern European countries

• Southern European countries

What was the initial amount proposed by Angela Merkel and Emmanuel Macron?

• €390 billion

• €450 billion

• €500 billion

• €400 billion

Who is seen as having a significant victory with the €390 billion proposal?

• Angela Merkel

• Mark Rutte

• Emmanuel Macron

• Italian Prime Minister

What is a major concern regarding the distribution of the recovery fund?

• The countries eligible for the fund

• The speed of distribution

• The governance and effective use of the funds

• The amount of the fund