Joachim Nagel
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Joachim Nagel is a German economist who has been serving as President of the Bundesbank since 2022. Before he was a senior manager of the Bank for International Settlements since 2020, having been a member of the board of the Deutsche Bundesbank from 2010 to 2016 and then a member of the board of the KfW Bankengruppe from 2017 to 2020. He was appointed President of the Deutsche Bundesbank on 1 January 2022, to replace Jens Weidmann. He is a member of the Social Democratic Party of Germany (SPD), along with the President who appointed him to serve initially under SPD Chancellor Olaf Scholz.
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Sep 11, 2026
Center
ECB's Nagel expressed concern about the rise of far-right parties like Alternative for Germany.
Centrists share Nagel's worry, seeing the far-right's economic policies as self-defeating and a threat to democratic norms, while also criticizing mainstream parties for failing to address voter grievances.