US EditionEU must reform or risk irrelevance, Blair and Dimon say
A report led by Tony Blair and JPMorgan CEO Jamie Dimon warns Europe’s declining global GDP share requires urgent reforms to maintain security and economic influence amid U.S.-China rivalry.
- On Dec 18 in London, a report led by Tony Blair, former British prime minister, and Jamie Dimon, JPMorgan Chase chief executive, warns the European Union must reform or risk irrelevance amid U.S.-China rivalry reshaping security and trade.
- Analysts note a convergence of structural shifts reshaping nations, markets and institutions, altering security and economic dependencies while expanding ties to China, the report says.
- Concrete cases include the report highlighting India and Gulf states facing tough choices, with JPMorgan Chase backing a $1.5 trillion, decade-long plan while Blair chairs its international council.
- At the same time, the EU is convening a summit to discuss Ukraine funding as authors warn, `If it cannot stand on its own against Russia, it will be even less able to manage systemic competition with the U.S. or China.`
- Looking ahead, the report says the United States retains enduring power but faces threats from political volatility and debt, while China must sustain growth despite demographic and debt constraints.
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7 Articles
Tony Blair and Jamie Dimon warn: Without reforms, the EU is threatened with insignificance. Their report shows how geopolitical rivalries challenge Europe.
EU must reform or risk irrelevance, Blair and Dimon say
The European Union must reform or risk becoming irrelevant as the rivalry between China and the U.S. sparks a new era without precedent, posing challenges on security, energy, technology and trade, a report led by Tony Blair and Jamie Dimon says.
Reforming the EU in a New Global Chess Game
A report led by Tony Blair and Jamie Dimon warns that the European Union must reform to stay relevant amidst escalating U.S.-China rivalry. With significant shifts in global security, technology, and trade, the EU is urged to enhance defense and economic strategies to navigate these unprecedented challenges.
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