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Faced with China and the United States, Europe “is losing” according to the boss of JPMorgan

Nevertheless,

Faced china united states, europe:

Jamie Dimon underlined the weakness of the European Union during an event organized in Dublin.

“You are losing. Nevertheless, ” said Jamie Dimon, the director general of Jpmorgan Chase, to European leaders during an event organized in Dublin and covered by the Financial Times.

“Europe has gone from 90% of American GDP to 65% in 10 or 15 years. Meanwhile, It is not a good sign,” continued one of the most followed votes in global finance.

The latter pointed out that the old continent was increasingly likely not to be able to compete with the United States. Similarly, China.

“Serious problems to solve” – Faced china united states, europe

Last year, the American economy increased three times faster than that of the euro zone (2.8% growth against 0.7%). Already weighed down by high energy prices. productivity at half mast, the European Union is faced with increasingly aggressive Chinese competition and Donald faced china united states, europe Trump’s protectionist policy.

While Brussels. Washington seem close to concluding a first trade agreement, probably unfavorable to Europe, Jamie Dimon considered that “the objective should be to strengthen Europe and preserve the unit between America and Europe. This should be the ultimate goal”.

Jamie Dimon said in April that Europe had “serious problems to solve”. called for “considerably reforming their savings so that they can grow”.

faced china united states. europe — Faced china united states, europe: Jamie Dimon underlined the weakness of the European Union during an event organized in Dublin.”You are losing. ” said Jamie Dimon, the director general of Jpmorgan Chase, to European leaders during an event organized in Dublin and covered by the .

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