J.P. Morgan CEO Jamie Dimon called the European bureaucracy inefficient and warned that a weak European continent poses a major economic risk to the US. “Europe has big problems,” Dimon said Saturday at the Reagan Defense Forum. “They have done an excellent job with social security. But they are also driving away businesses, investments, and innovation. Now the situation is gradually improving.” He praised some European leaders, saying they are aware of these problems, but he also cautioned that politics is “really difficult.”

J.P. Morgan CEO Jamie Dimon called the European bureaucracy inefficient and warned that a weak European continent poses a major economic risk to the US. “Europe has big problems,” Dimon said Saturday at the Reagan Defense Forum. “They have done an excellent job with social security. But they are also driving away businesses, investments, and innovation. Now the situation is gradually improving.” He praised some European leaders, saying they are aware of these problems, but he also cautioned that politics is “really difficult.”