Gabriel Felbermayr: "In fiscal policy, the AfD lives in cloud cuckoo land"
The economist on the unsettling success of the AfD, experiences with the far right in Austria and the government's dangerous reform shock paralysis.
Gabriel Felbermayr, an Austrian economist and member of Germany's Council of Economic Experts, warns that the rise of the far-right Alternative for Germany (AfD) party poses significant economic risks. He cites the AfD's plans for isolationism, particularly on immigration, as a major concern, which could deter high-skilled workers and investors.
Felbermayr also expresses doubts about the AfD's economic policies, stating that they are not financially sustainable and could lead to increased debt. He emphasizes that reforms are necessary, but notes that delaying them due to the AfD's rise would be a mistake.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
