Deutsche Bank chief urges Germany to speed up reforms
Christian Sewing says slow economic changes and rigid employment rules are holding the country back, and he wants them loosened. He also warned that election gains by parties on the extremes could scare off foreign investors.
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What happened
Deutsche Bank CEO Christian Sewing criticised the slow pace of Germany's economic reforms and urged the government to ease employment protections. He also warned that recent state election victories by parties on the political extremes could drive away foreign investors.
Why it matters
Sewing argues that the election results could deter foreign investment in Germany. He says the slow reforms and labour rules are a drag on the economy.
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