Mr DAX takes on Germany’s Green pest economic policy

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.

“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.

Investors, particularly long-term ones such as insurance companies and pension funds, are bewildered by Germany’s current trajectory. “They shake their heads and ask, ‘Where have the German virtues gone? We don’t know how to read you anymore.’”

These investors, according to Weimer, now approach Germany with a sense of fatalism. “If you continue this way, we will avoid you even more,” they warn. The crux of their frustration lies in what they perceive as irrational policies that have turned Germany into a “junk shop,” with investments driven by opportunistic motives rather than