Earlier this week, one of the Obama administration’s top diplomats, Samantha Power, claimed that Russia was responsible for the stunning Italian election outcome, hinting that anyone who dares to point out or discuss the social and economic woes of Europe’s grand experiment – and certainly Europe’s “refugee problem”- is a Russian operative. In that case, Deutsche Bank must be the Frankfurt office of the KGB, because in an overnight note, the German lender reported something especially troubling for Europe’s future and viability: populism has risen to the highest level since World War II. Commenting on the recent Italian election, Deutsche...