Bundesbank Governor Joachim Nagel said he is worried that the recent victory of the far-right German Choice Party in a state election may discourage foreign investors from Europe's largest economy. “I'm worried,” Nagel told reporters in Berlin on Thursday. What impact will this have on our country, our society, and the values we share? And from an economic perspective, some of these ideas are counterproductive.” While attending the event with ECB President Christine Lagarde, he concluded that this “absolutely does nothing” to attract foreign investors. “They will be hesitant and will avoid doing business here,” Nagel said. “So yeah, I'm worried.”

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