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Masters in Business · Wednesday, August 12, 2026

Europe's Economic Challenges and Historical Foundation

Filippo Gori acknowledges Europe's anemic GDP growth over the past 25 years but stresses that the EU's founding principle was peace, not economic union. He advocates for less bureaucracy and more growth, urging against losing sight of the founders' vision. Gori also notes the American perspective that views Europe as challenging for business due to social nets and employment laws, while recognizing Europe's 3,000-year history versus the US's 250 years.

companyEuropean Union

The tape

3 quotes
The pessimism comes from the fact that the growth of the European Union in terms of GDP growth theory, has been anemic for now, call it twenty five years.
The European Union concept was not born out of idea of an economic union. It was born out of the dream of the founding fathers of the European Union not to have war on European soil.
What I'm trying to say, though, is something different. You can't expect. And this year we're celebrating two hundred and fifty this week, two hundred and fifty years of the United States of America. Europe has over three thousand years of history.
Heard on Masters in Business — “BONUS: JP Morgan Co-Head of Global Banking Filippo Gori, published Wednesday, August 12, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via publisher transcript · $0.00
Europe's Economic Challenges and Historical Foundation — Heardvine