World Jul 02

Germany’s Chancellor Angela Merkel arrives to take part in a European Union leaders summit, in Brussels, Belgium on July 2, 2019. Photo by Piroschka Van De Wouw/Reuters
EU leaders in a deadlock over top posts

The leaders are looking to name a new president of the EU's powerful executive arm, the European Commission, a president of the European Council and a foreign policy chief.

First, of course, are the political implications. Second, these are millions upon millions of people who were voting against their pocketbooks. The third shock is more personal: my apparent over-reliance on the prediction markets, and on economists like Justin Wolfers…

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