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Dimon's Dublin Rebuke Triggers $20 Million Campaign Against Mamdani

EUROPE, JUL 11 – Jamie Dimon highlighted Europe’s decline from 90% to 65% of U.S. GDP over 15 years and urged deeper integration to reverse competitiveness losses.

  • Dimon expressed his concerns at an event hosted by Ireland’s foreign ministry in Dublin on Thursday.
  • Dimon noted that the market is pricing in a 20% chance of a rate hike, while he would put it at 40-50% according to remarks reported by Reuters.
  • Dimon cautioned that financial markets are underestimating the risks posed by higher U.S. interest rates and new tariffs, describing this as a cause for concern.
  • Dimon highlighted a significant shift in Europe's economic position relative to the U.S. and urged European policymakers to take bold action.
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Europe is losing competitiveness to the United States and China, according to Jamie Dimon, CEO of investment firm JPMorgan Chase. Dimon made the remarks at an event hosted by the Irish Foreign Ministry in Dublin. The words of one of the most influential men in financial markets come as the EU debates how to transform its economy.

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Vanity Fair broke the news in United States on Tuesday, July 8, 2025.
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