Bundesbank President Joachim Nagel sees the rise of right-wing extremism as a threat to German prosperity. Right-wing extremists also scare away investors and skilled workers from abroad, he says.
Nagel: “We are not the sick man of Europe” At the same time, he appealed to the business associations not to badmouth the economic situation in Germany. He would not be happy if the economy just stalled this year, but Germany's large, open economy was particularly badly affected by the Russian war of aggression against Ukraine.