LONDON — The European Union is accustomed to crises. But it is probably safe to say that none of the 28 leaders who are gathering in Malta on Friday expected the crisis that has unexpectedly overtaken the agenda: the United States of America.
I personally don’t think Trump is a threat to the U.S. stock market. He may even be a good thing if the country doesn’t break out into civil war. But I think Europe and the euro represent a real risk.