Bundesbank President Joachim Nagel issued a stark warning regarding the threat posed by right-wing extremists to Germany’s prosperity.
In an interview, Nagel emphasized the serious implications of extremism, highlighting its potential to deter investors and skilled workers from choosing Germany as their destination.
Nagel urged vigilance and emphasized the importance of not underestimating the danger of right-wing extremism, emphasizing its detrimental impact on the country’s economic vitality.
He stressed the need for a unified effort to combat extremism and uphold the values that underpin Germany’s prosperity.
Commitment to European Integration
In the interview, Nagel underscored the critical importance of Germany’s continued membership in both the eurozone and the European Union.
Describing these alliances as “cornerstones of our prosperity,” Nagel cautioned against any notions of Germany exiting these unions, warning of dire economic consequences.
Despite acknowledging Germany’s challenges, Nagel highlighted the resilience of the country’s labour market and its near-full employment status.
While recognizing the need to address existing issues, Nagel emphasized the stability and strength of Germany’s economy within the framework of European integration.
