The fallout from Merkel's waning power

For the first time, Angela Merkel doesn't have the ability to control developments in Europe. This is bad news for her, but it's even worse news for Europe.

For the past four years, German Chancellor Angela Merkel has topped Forbes’ list of  most powerful women. She was actually ranked first on that list for nine out of the last ten years, not least thanks to her pivotal role in the European debt crisis. It is debateable whether Merkel actually managed to negotiate good deals for her country, but at least it always appeared as if she was able to dictate her will in Europe.

Not anymore.

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