Merkel holds the fate of the euro in her hands

The eurozone crisis hasn’t gone away, you know. The next few months will determine whether the region has a future or whether a painful break-up becomes unavoidable.

It is no exaggeration to say that German chancellor Angela Merkel will decide the fate of more than 500m people.

The sense of foreboding about the imminent demise of the single currency that prevailed for much of 2011 and 2012 was staunched by ECB president Mario Draghi at the end of last summer.