BERLIN, Sept 10 (Reuters) – 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.
“What does this make with our country, with our society, the values we are sharing? Some of these concepts are self-defeating in an economic sense,” Nagel said, speaking at a European Central Bank press conference in Berlin.
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“Is this helpful to attract foreign investors to come to this country? Definitely not. I think they will be reluctant, they will shy away from doing business here. So yes, I’m concerned,” Nagel said.
AfD describes the euro as a failed system and calls for Germany to leave the common currency.
According to the spring Eurobarometer, 82% of respondents in the euro zone support the common currency and 74% in the European Union, which is the highest level for the EU since the euro’s introduction in 2002.
Reporting by Maria Martinez, Editing by Miranda Murray and Sharon Singleton
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