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 are the expectations for the European leaders' negotiations mentioned in the text?

What were the initial amounts floated by Angela Merkel and Emmanuel Macron for the recovery fund?

What concerns are raised regarding the distribution of funds to countries like Italy?

What amount is being discussed as a potential compromise for the recovery fund?

What is the significance of the €100 billion cut from the initial amount discussed?