In an interview earlier this year in Davos, Jamie Dimon, CEO of the US investment bank JP Morgan, said that the European standard of living was excessive, in particular, salaries, pensions and State benefits are excessive if Europe intends to compete with the rest of the world. Dimon claimed that this situation was untenable. “That is with all respect for Europeans, but that has to change. They can force politicians to do so, or a new kind of leadership. ” Perhaps the great paradox of our time is this:

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