In the crosshairs of the most influential banker of his generation, the Greek American and head of JP Morgan, Jamie Dimon, was Europe, and the messages he sent for the Old Continent are anything but auspicious. As he stated on Saturday 6 December 2025 at the Reagan National Defense Forum, Europe has a real problem and a weak partner is a major economic risk for the US. In the EU they do wonderful things with their safety nets. But they have driven businesses away, they have driven investments away, they have driven innovation away. While Dimon praised some European leaders who, as he said, understand the issues, he warned that the political situation is very difficult. Dimon has long pointed out that the risk of a fragmented Europe is among the greatest challenges the world faces. In his letter to shareholders published earlier this year, he said that Europe has some serious issues that must be fixed. On Saturday, he praised the creation of the euro and the European effort for peace. But he warned that the reduction of military efforts and the difficulties in reaching agreements within the European Union threaten the continent. If they fragment, then you can say that America First will no longer exist, Dimon said. It will hurt us more than anyone else because it is an important ally in every sector, including common values, which are truly important. He said that the US must help. We need a long term strategy to help them become strong, Dimon said. A weak Europe is something bad for us.
National strategy
The administration of US President Donald Trump issued a new national security strategy that directs American interests toward the Western Hemisphere and the protection of the homeland, while rejecting Europe as a continent heading toward cultural erasure.
Trump’s National Security Strategy turns inward in a telling shift.
JPMorgan has intensified its effort to boost investments in the national defense sector. In October, the bank announced that it will channel 1,5 trillion dollars into industries that strengthen the economic security and resilience of the US over the next 10 years, up to 500 billion more than it would normally provide. Dimon in his statement said that it is painfully clear that the United States has allowed itself to become overly dependent on unreliable sources of critical minerals, products and manufacturing. The investment banker Jay Horine oversees the effort, which Dimon described as 100% commercial. It will focus on four sectors, supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience, and new and strategic technologies. The bank will also invest up to 10 billion dollars of its own capital to help certain companies expand, innovate or accelerate strategic production. Beyond the above, on Saturday, Dimon praised Trump for finding ways to reduce bureaucracy in the government. There is no doubt that this administration is trying to take an axe to a part of the bureaucracy that was holding America back, Dimon said. That is good and we can do it and keep the world safe, for safe food, safe banks and all the related things.
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