Deutsche Bank boss Christian Sewing has warned of the dangers of growing right-wing extremism in Germany – also for the local business location. “Hate and racism must have no place here,” said Sewing, who is also President of the Federal Association of German Banks (BdB), in a previously published interview with “Welt am Sonntag”.
From an economic perspective, there are also many reasons to take a stand against it, said Sewing: “Foreign investors are also involved in Germany because of its reliable democratic values and structures. They are already asking whether they can trust them in the long term.” Germany will only be able to get the shortage of skilled workers under control “if we represent an attractive destination for qualified employees from abroad.”
Sewing: “Dexit” mind games “extremely dangerous”
Sewing emphasized that he considers considerations of Germany’s exit from the European Union (“Dexit”) analogous to the British exit (“Brexit”) to be “extremely dangerous, ill-considered and economic nonsense.” The negative consequences of “Brexit” for the British economy are all too obvious; Europe is “the biggest trump card we have in global competition”.
AfD leader Alice Weidel recently said in an interview that a government led by her party would try to reform the EU and give the member states more sovereignty. If this does not produce the desired result, she believes there should also be a referendum in Germany on remaining in the EU, as was the case in Great Britain in 2016.
