Weakened Merkel stokes business uncertainty, though markets stay calm

London

THE euro and European stock markets hardly reacted to the weaker position of German Chancellor Angela Merkel, even though business groups fear a period of uncertainty.

Mrs Merkel achieved a fourth term, an impressive feat in European politics, but her poor results in the country's general election illustrate disenchantment with her policies.

The share of the vote for Mrs Merkel's Christian Democrat Union party and Christian Social Union ally dec…