EU’s weak or distracted governments make unity of purpose hard to achieve

Leaders can only spend limited political capital on Euro initiatives while weighed down by domestic troubles

It has become a wry joke in Brussels that the most stable country in the EU is Italy, once infamous for its succession of short-lived governments.

France's Emmanuel Macron and Germany's Olaf Scholz have been humbled by punishing electoral defeats. Spain's prime minister, Pedro Sanchez, presides over a minority government in a country riven by division after a controversial amnesty bill. In Poland, Donald Tusk enjoys a much stronger position, but grapples with an unwieldy coalition and an opposition-allied president.