JPMorgan Chase CEO Jamie Dimon has warned that economic instability in Europe poses a systemic risk not only for the region but also for the United States. Speaking at the Reagan National Defense Forum, he stated, “If Europe goes down, we all go down.” Dimon emphasized that sluggish growth, burdensome regulations, and low productivity on the continent threaten transatlantic prosperity.

According to the head of the largest US bank, Europe's heavy regulations are pushing businesses away, hindering investments, and stifling innovation. Although Dimon acknowledged positive developments, such as the launch of the euro and peacekeeping efforts, he insisted that urgent reforms are necessary. He identified the internal divisions within the EU as a significant issue that endangers not only Europe but the global order as well.

Dimon noted that the US and the EU are major trading partners that share common values. He urged for support from the US, arguing that a weak Europe would impact its economy more than that of other regions. The banker also called for the development of a long-term plan to strengthen the European economy. Notably, in October, JPMorgan announced plans to invest $1.5 trillion in initiatives that would enhance the economic security of the United States.