Businessman Würth considers halting investments in Germany.

As a result of the AfD's election victory. - Businessman Würth considers halting investments in Germany.

The far-right Alternative for Germany (AfD) has gained success in the European election, resulting in mixed reactions and economic implications within the country. Notably, German-Austrian businessman Reinhold Würth is contemplating withdrawing his investments from Germany, as he expressed to "Deutschlandfunk".

Würth, a billionaire, has noted that if the current political landscape persists, one must ponder where and how to best invest. A key factor for him is the AfD's stance against individuals with a migration background. With his company, a leading producer and distributor of mounting and fastening materials, comprising 30% of its workforce from non-German origins, this issue raises concern.

Würth and the AfD - A Pernicious Relationship

This isn't the first time Würth has suggested such measures. Back in 2008, he even considered moving his entire business operations overseas. There were investigations into tax evasion at the time, but the proceedings were dropped after two years.

The AfD has long been a nuisance for Würth. In spring, he urged his entire staff to actively refrain from voting for the AfD. Würth's headquarters lie in Künzelsau-Gaisbach, Baden-Württemberg, where the AfD garnered 19.1% of the voter base in the European election.

Reinhold Würth is not the only prominent figure voicing concern over the AfD's rise. Economic experts have long warned about the potential devastating effects the party's plans for Germany's economic standing may have. Brandenburg's Minister-President Dietmar Woidke advocates for prioritizing "stability and security" while speaking with "Deutschlandfunk".

Read also:

1. Following the AfD's victory in the European elections, Germany's financial landscape is under scrutiny, with businessman Reinhold Würth contemplating withdrawing investments due to concerns about the party's stance on migration.
2. In a discussion with Deutschlandfunk, Würth mentioned that if the current political landscape persists, he might need to reconsider his investment strategies, considering his company's diverse workforce.
3. In response to the AfD's rise, Economic experts and political figures, such as Brandenburg's Minister-President Dietmar Woidke, have warned about potential negative consequences for Germany's economic stability and security.

• Scholz aims to expel severe offenders.
• Scholz clarifies stance on potential Afghan deportations.
• Year of climate records: extreme is the new normal
• The G7 backs Biden's peace initiative.