- Trump blew up the G-7 meeting over climate change.
- Angela Merkel’s response signals massive change in US/EU relations.
- Merkel’s stewardship of the eurozone will foment a sovereign debt crisis.
German Chancellor Angela Merkel will preside over the end of the European Union. Her reaction to the G-7 meeting and U.S. President Donald Trump’s refusal to endorse the Paris Agreement on Climate Change will accelerate the market’s rejection of EU policy.