Bundesbank President and ECB Governing Council member Joachim Nagel warns that the economic proposals of certain populist parties in Europe could have serious consequences if implemented. He describes the policies as tantamount to economic suicide, Bloomberg News reports.
Nagel did not single out any specific parties but referred, among other things, to political movements in Germany.
He also urged Europe’s governments to implement the recommendations in Mario Draghi’s report on the EU’s competitiveness more quickly.
