German foreign minister: Populists like Trump "toxic" for economy

Right-wing populist politicians, like US presidential candidate Donald Trump, are "toxic" for the economy, German Foreign Minister Frank-Walter Steinmeier said at a conference on Tuesday.

"There are people who always have an easy answer ready for the problems of an increasingly complex and compact world," Steinmeier told a group of business representatives in Berlin, citing loud-mouthed Trump and right-wing populists in Europe as examples.

"They operate under the motto: Isolation is the best solution," Steinmeier added.

He described this type of populism as nationalistic and xenophobic, as well as protectionist in a business context. "When both go hand in hand, it's dangerous for politics and for the economy," said Steinmeier.

Populism's resistance to a more open world, he argued, "is toxic for politics, and that is toxic for the economy, which depends on openness and networking."

Steinmeier has criticized Trump on many occasions, while Chancellor Angela Merkel has said that she will not interfere in US elections.

Last update: Tue, 30/08/2016 - 12:07
Author: 

More from Europe

Seven casualties, 22 missing at Italian avalanche-struck hotel

The death toll at an Italian hotel buried by an avalanche last week has risen to seven, while 22 guests and staff...

Sinn Fein names new party leader for Northern Ireland

Sinn Fein on Monday announced a new leader for the Northern Irish branch of the party, following the decision by...

Freezing fog disrupts flights, prompts air pollution alert in London

Heavy fog and freezing temperatures caused the cancellation of dozens of flights Monday and prompted London Mayor...

Farmers spray milk powder at EU building to protest low milk prices

Farmers sprayed more than 1,000 kilograms of milk powder at the European Union headquarters on Monday to protest an...

Sweden investigates three over alleged live stream rape

Three men were questioned Monday in connection with a suspected rape of a Swedish woman that was allegedly streamed...