Opponents of Europe: Munich Re-boss places the USA in series with China and Russia

The CEO of the Dax Group Munich Re sees the US government under President Donald Trump as the adversary of Europe and Germany. CEO Joachim Wenning spoke of an impending weakening from outside and inside at the general meeting.

“She wants the Chinese leadership, the Russian anyway and now unmistakably also the American,” Wenning put the Washington government in a row with Beijing and Moscow. From the inside, the weakening of Europe is “operated by the political extremes in Germany and other member countries”, the top manager said in front of around 2,000 shareholders.

The company, founded in 1880, is the world’s largest reinsurance and is one of the elegant addresses of the German economy – however, the political restraint that is common on the top floors. From the future federal government, he called for a fundamental conversion of all “important levers from redistribution to increase in performance” in order to restore the country’s competitiveness – including impositions for the citizens.

“Any promising political path will have to demand more and for many of them they will mean giving up some of them,” said the CEO. “If these were not imposed, we would have to worry.”