Jamie Dimon has a blunt message for Europe: “You lose”

Key pointsJamie Dimon told an event in Ireland on Thursday that Europe "lost" on competitiveness and did not have the type of global and prosperous societies in the United StatesThe boss of JPMorgan Chase also told the event that there was a "complacency on the markets" around prices and prices.Dimon said that he had seen 40 to 50% chance that the federal reserve had to increase interest rates to combat inflation, against market prices by around 20% of opportunities.The boss of JPMorgan Chase, Jamie Dimon, did not punch when he spoke to the Department of Foreign Affairs of Ireland. "You lose," he said about European competitiveness with the United States and Asia, in the comments reported by the Financial Times. "Europe increased from 90% of American GDP to 65% over 10 or 15 years. It is not good." "We have this huge strong market and our companies are large and successful, have huge types of scale that are global. You have that, but less and less," said Dimon on Thursday. This feeling will not be a shock for the regional leaders and businessmen, who have long stressed the need for the European Union to reduce commercial barriers, to complete its financial markets and its banking unions, and rationalize its regulations, tax and legal regimes to increase investments and increase growth in the region. The increase in geopolitical tensions and trade links of fracturing with the United States and China also underlined the lack of sovereignty of Europe in spaces ranging from energy and critical minerals to data centers, satellite communications and digital services. By approaching the question of competitiveness, Dimon said: "Everything should be a single market". "Finishing it on the single market also means common banks, common disclosure laws, common exchanges, current transparency laws, climate," he said, according to the Irish examiner. The attitudes of investors to Europe have become in particular optimistic in the first half of 2025, supported by the expectations of a major budgetary increase in its greatest economy in Germany, higher regional defense expenses, lower interest rates and a period of relative political stability - in particular given the development and unpredictable rhetoric of the White House. This led to strong outperformance on public procurement and also drew the attention of private market players looking for value opportunities. However, significant challenges are in advance for the EU, in particular the delivery of reforms supported by growth and the guarantee of its relations with its largest bilateral partner and investment partner, the United States from Friday morning, the status of an EU-US tariff agreement has remained in limbo. The "market complacency" also discussed the reaction of the market to the latest pricing announcements of US President Donald Trump this week, which included 50% of rights on Brazilian imports, a rate of 50% on copper and the threat of a 200% rate on pharmaceutical products. Merchants have largely examined the potential impact on inflation and growth, sending the S&P 500 and the Nasdaq Composite to close records Thursday - although the feeling is lower Friday early. There is currently "the complacency on the markets," said Dimon on Thursday, according to the Irish examiner, with investors now "little desensitized" for a price. Inflation could reappear as an important problem for the United States and the chances of increasing interest rates are again higher than most people think, Dimon also said. "The market assesses a 20% chance [of a rate hike]I price in a chance of 40 to 50%. I would put this as a concern, "he said. Last month, Dimon told a conference that the American economy was vulnerable" to a slowdown in the coming months "," with a real number of chances will soon deteriorate. "