Mr DAX Takes On Germany's Green Pest Economic Policy
(MENAFN- Asia Times)
Theodor Weimer, CEO of the Deutsche Börse and often referred to as Mr DAX, delivered a blistering critique of German Economic Minister Robert Habeck's policies. Speaking at a discussion hosted by the Economic Advisory Council of Bavaria, Weimer, a significant figure in both German and international finance, did not hold back in his assessment.
Theodor Weimer, CEO of Deutsche Börse. Image: Finance Magazin
“We're facing a sheer catastrophe,” Weimer declared, reflecting on his 18th meeting with Vice-Chancellor and Economic Minister Robert Habeck, who is co-leader of the Greens.
Initially, Weimer noted a semblance of optimism, observing that Habeck had shown good listening skills and made some correct decisions. However, that optimism evaporated.“The fundamentalists are increasingly coming through,” Weimer said, indicating a shift in policy focus that he finds deeply troubling.
Plummeting global perception of Germany
Weimer's address wasn't just a tirade but an expression of genuine concern. He shared insights from his extensive interactions with international investors, painting a grim picture of Germany's standing in the global economic community.“Our reputation has never been worse,” Weimer emphasized.
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