Deutsche Bank chief warns German election results worrying foreign investors
· Politics · Germany
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, according to The Straits Times. Deutsche Bank CEO Christian Sewing also urged the German government to step up reforms and do more to roll back employment protection in an interview with Bild am Sonntag. The comments add to concerns about Germany's political stability and its attractiveness to investment as the euro zone's largest economy.
Why it matters:Warnings from Germany's top banker about investor confidence signal how political fragmentation in Europe's largest economy could affect investment and reform.
Key points
- Deutsche Bank CEO Christian Sewing said foreign investors may be driven away.
- He urged the government to step up reforms and roll back employment protection.
- The comments followed state election victories by parties on the political extremes.
Sources (original reporting)
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