Jamie Dimon, the head of JPMorgan Chase, stressed that Europe is losing its competitiveness against the US and Asia and proposed the completion of the European single market.

In a speech to Ireland's Department of Foreign Affairs, Jamie Dimon highlighted Europe's declining competitiveness, which has gone from 90% of US GDP to 65% in 10-15 years. He stressed the need to complete the European single market and harmonize legislation to attract investment. He also noted Europe's vulnerability to geopolitical tensions and sovereignty deficits in key areas. Although investors are becoming more optimistic, challenges remain considerable and trade relations with the US are uncertain. Dimon also warned of inflation risks in the US.