Merkel in Brussels to Pitch Recovery Fund

The video discusses the European recovery fund proposed by Angela Merkel, aimed at aiding countries like Italy and Spain hit hard by the corona crisis. Merkel argues that the fund is crucial for a fair recovery and beneficial for the German economy. However, there is opposition from the 'frugal four' who prefer traditional bailouts. Economic forecasts show a deeper contraction than expected, with significant regional divergences, emphasizing the need for a quick approval of the stimulus package to avoid an uneven recovery across the EU.

What is the total amount of the recovery fund being discussed?

Which countries are mentioned as being badly hit by the corona crisis?

What are the concerns of the 'frugal' countries regarding the recovery fund?

What is Angela Merkel's stance on the recovery fund?

What economic impact is expected for Italy, Spain, and France according to the text?