JPMorgan CEO warns ‘weak’ Europe poses risk to U.S., Bloomberg says

JPMorgan (JPM) CEO Jamie Dimon called out Europe’s slow bureaucracy, warning the “weak” continent poses an economic risk to the U.S., Katherine Chiglinsky of Bloomberg reports. “Europe has a real problem,” Dimon said, according to Bloomberg. “They do some wonderful things on their safety nets. But they’ve driven business out, they’ve driven investment out, they’ve driven innovation out. It’s kind of coming back.” Additionally, Dimon argued the U.S. should aid Europe, believing a weak Europe would be “bad for us.”