Merkel's woes cast shadow on EU's future

Three days have passed since a Franco-German agreement in favour of a eurozone budget triggered hopes for a relaunch of EU reforms, and already the mood is already souring over fears of a political crisis in Berlin.

"It's the elephant in the room," a top European source said on Friday (22 June).



"The weakening of Angela Merkel and the possibility of a real crisis worries everyone," he said. Together with the situation in Ital...