CEO of Jpmorgan Chase Jimmy Damon European leaders have warned that they were suffering from a competitive problem and that they are “losing” the battle to compete with the United States and China currently.
“Europe has passed from 90 percent of GDP to 65 percent over 10 or 15 years. This is not good,” Damon said at an event in Dublin, organized by the Irish Foreign Ministry. “You lose.”
Comments from Damon, one of the most influential voices in global financing, confirm the challenges facing the European Union because they are battles to revitalize its economy.
Mario Dragi on the former continent on the continent last year student A new industrial strategy for Europe with investments of 800 billion euros annually to maintain competitiveness with the United States and China.
It is a sophisticated message from Damon more than he presented at his annual meeting to the annual shareholders in April, where he said, “Europe has some serious issues that must be reformed,” and urged European countries to “reform their economies significantly so that they can grow.”
Damon, who runs Jpmorgan Since 2006, he also warned that financial markets have become very comfortable about Donald Trump’s frequent threat of tariffs.
Investors on Thursday He was ignored from the last threat to the American president Through a 50 percent tariff on copper, with 200 percent of the customs tariffs in the drug and fees sector on countries, including Japan and South Korea.
“Unfortunately, I think there is satisfaction in the market,” said Damon.
He said that Trump has so far been right in retracting his biggest threats to the definitions, as he called for the so -called Taco trade based on the hypothesis that “Trump is always coming out.”
“I hate using the word Taco” because I think it’s the right thing to chicken. “
Post Comment