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Angela Merkel’s disastrous legacy is Brexit and a broken EU Mutti is a canny and tactical politician but leaves a trail of wreckage behind her after running Europe s biggest economy for 16 years This article is an extract from The Telegraph’s Economic Intelligence newsletter. Sign up here to get exclusive insight from two of the UK’s leading economic commentators – Ambrose Evans-Pritchard and Jeremy Warner – delivered direct to your inbox every Tuesday. Angela Merkel is more responsible for Brexit than any other political figure in Europe, on either side of the Channel. She bears the greatest responsibility for the ‘Japanisation’ and austerity bias of monetary union. She exalts the German mercantilist trade surpluses that render the whole euro project ultimately unworkable.

United kingdomSouth koreaBruxelles capitaleAngela merkelPrime ministerNicholas sarkozyJeremy warnerBarack obamaDavid cameronAmbrose evans pritchardMarcel fratzscherArmin laschetOlaf gersemannTony blairDeutschland incEuropean central bank