Bundesbank President Nagel says he is concerned about far-right rise
Nagel said the AfD’s surge in Saxony-Anhalt shows how far-right parties are gaining ground on anti-migration and pro-Moscow platforms.
- On Thursday, German Bundesbank President Joachim Nagel warned that the rise of far-right parties in Europe threatens the region's economic stability, citing electoral success in Saxony-Anhalt.
- The AfD surged into first place in Saxony-Anhalt state elections on Sunday, campaigning on a platform that includes curbing migration, restoring ties with Moscow, and leaving the European Union.
- Nagel warned that such concepts are "self-defeating in an economic sense" and cautioned businesses may shy away from operating in the region, citing investment and social risks.
- ECB President Christine Lagarde defended the common currency, stating "the euro has never been as popular" as it is currently, with spring Eurobarometer data showing 82% support in the euro zone.
- Despite the AfD's call for Germany to leave the common currency, 74% of European Union respondents support it, highlighting a stark disconnect between the party's platform and public commitment to integration.
21 Articles
21 Articles
Sapo
Observador"I am concerned," replied Joachim Nagel, at a press conference in Berlin, after the meeting of the Council of the European Central Bank (ECB), when questioned about the outcome of the regional elections in Saxony-Anhalt (east of Germany), where the extreme right won an overwhelming victory.
Reformatorisch Dagblad
welingelichtekringen.nlThe president of the German central bank, Joachim Nagel, is concerned about the rise of the radical right in his country. A few days after the election victory of the far-right Alternative für Deutschland in the state of Saxony-Anhalt, he warned that anti-immigration rhetoric could also cause economic headwinds.
Bundesbank President Nagel says he is concerned about far-right rise
German Bundesbank President Joachim Nagel said on Thursday he is concerned about the rise of far-right parties in Europe, following the Alternative for Germany's election success in the eastern state of Saxony-Anhalt.
The Bundesbank leader considers the support for the right-wing party to be a great risk. He fears that investors could decide against spending in this country in view of the political climate.
The far-right AfD won the Saxony-Anhalt election with 43.8 percent of the vote, falling just three seats short of an absolute majority. The historic breakthrough has shaken Friedrich Merz's government, tested the political firewall against the far right, and, according to the Bundesbank, is threatening investment and Germany's economic situation. The post AfD victory already threatens Germany's future appeared first on Amerikai Népszava.
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