“As if the affairs of the 27-nation European Union were not complicated enough, a big new player emerged on the crowded battlefield of the eurozone this week: the 620-member Bundestag, Germany’s federal parliament.

“The insistence of the parliamentarians in Berlin on having full details of negotiations in Brussels before they would give a green light for Angela Merkel, the chancellor, to agree to a comprehensive package of crisis measures was the main cause of the EU having to call a second summit next week to finalise any “political agreement” on Sunday.”

Read the full story here.