Deutsche Bank Chief Warns German Election Results Worrying Foreign Investors
Christian Sewing said the rise of political extremes could deter foreign capital and skilled workers as the AfD and Left Party gained ground.
- On Sunday, Deutsche Bank chief executive Christian Sewing warned that international capital might withdraw from Germany following last month's state election gains by parties on the political extremes.
- The far-right AfD secured significant wins in Saxony-Anhalt and Mecklenburg-Western Pomerania, while the far-left Left Party pledged to expropriate residential property companies in Berlin.
- Sewing stated that foreign investors cannot distinguish between state governments and Germany as a whole, noting "It's seen as Germany as a whole and I think that from an investor's point of view, that's understandable."
- Economists accused the AfD of fostering a climate that "will drive away badly needed skilled workers and foreign investors," while Sewing called recent developments "anything but investment-friendly."
- Sewing urged the government of Chancellor Friedrich Merz to carry on with economic reforms, stating "That is the only response we have to the far-right and far-left extremists in this country.
13 Articles
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Germany risks alienating foreign investors due to the growing influence of far-right and far-left political parties, Deutsche Bank CEO Christian Seeving warned in an interview with the German newspaper Bild. The warning comes after the electoral successes of the Alternative for Germany (AfD) in eastern German states in September, as well as the Left Party in Berlin. According to Seeving, the results could damage Germany’s international image and…
Deutsche Bank chief warns German election results worrying foreign investors - Regional Media News
BERLIN, Oct 11 (Reuters) - The head of Germany's largest bank warned that foreign investors may be driven away following victories in state elections last month by parties on the political extremes. The AfD, which wants to restrict immigration and send asylum seekers home, scored [...]
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Pakistan Live NewsDeutsche Bank chief explains why German election results alarm foreign investors
On Sunday, the head of Germany’s largest bank warned that a withdrawal of international capital could be triggered by last month’s state election results where parties on the political...
Deutsche Bank Warns Political Extremism Could Undermine Germany’s Investment Appeal
Deutsche Bank Chief Executive Christian Sewing has warned that the growing electoral support for political parties on the far right and left could weaken Germany’s attractiveness to foreign investors, potentially prompting international businesses to reconsider investment decisions in Europe’s largest economy.
AfD, which aims to restrict immigration and send asylum seekers back to their countries, won some of its greatest victories of all time in the east of the country in September.
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