The chancellor is pursuing a risky quest for European leadership, and last week’s setback over Russian reparations is unlikely to knock him off course
Friedrich Merz’s three-month bid to catapult Germany into the role of undisputed leader of Europe has come unstuck.
His call for Europe to hand Ukraine access to €201bn (£176bn) in frozen Russian central bank assets via a reparations loan was rejected at a decisive European Council meeting in Brussels.
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