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Europe's leaders may not even fully understand what they're doing. The rest of the world hasn't a clue. But in a series of seemingly unrelated decisions, Europe has seized control of much of the global economic agenda. This is certain to trigger a slugfest with the United States and crush any hope of getting meaningful talks restarted at the World Trade Organization summit this fall in Dubai. Europe's grasp for power will shape the global economy for decades to come.
Consider these news flashes:
* The European Union this week is expected to reject, for the first time ever, a marriage between two giant American corporations, General Electric and ...