JP Morgan CEO Jamie Dimon (left) and former US President Donald Trump (right). TT
US debt ceiling
Bank chief warns: Debt ceiling can cause global panic
JP Morgan CEO Jamie Dimon believes that the debt ceiling crisis in Washington risks causing panic in the world's markets, reports Bloomberg.
The bank manager is swinging at ex-president Donald Trump, who yesterday called on Republicans in Congress to let the US move toward default.
- It's another thing that he doesn't know much about, Dimon tells the news agency and emphasizes that the closer the deadline without a solution, the more the risk of panic breaking out among investors increases.
Such a situation would not only affect Wall Street, he concludes.
Trita Parsi and Frida Stranne. TT
Opinion
"We have to adapt to a world where the US does not rule"
The world order in which the USA is the completely dominant superpower is about to end and this is welcomed by large parts of the world outside of Europe, write two political scientists on SvD's debate page. They write that Europe must now adapt to a more multipolar world order by becoming stronger and more independent from the US.
It would provide protection both against heavy-handed influence attempts from China and from a future Trump-like US president "who is deliberately trying to split the EU", they believe
Sweden, too, must now strive to play a more independent role and contribute to a world order without Chinese, Russian or American dominance, the debaters write.
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