German Financial Minister Schäuble on Trump election: “We must learn the lesson”

Demagogic populism is not only an America’s problem, there is an alarming state also in Western countries“, said German Finance Minister Wolfgang Schäuble (CDU) after Trump’s success in United States.

As cause of increasing populism, Schäuble also called “that the elites in politics, business and society do not always give a good picture. Everyone must be ready to learn. If we are open to a different perspective and to rethink, demagogic populism will have a hard time,” he said in an interview to German newspaper Bild.