Merkel’s 27 April speech to the Bundestag: full translation

Following reports of last week’s Juncker/May dinner (see Monday’s blog), there has been renewed interest in Angela Merkel’s speech to the German Parliament (Bundestag) the day after. So I’ve translated it in full below. The bits I’ve highlighted in bold are particularly striking in relation to Brexit. But the speech – quite short by Merkel’s … More Merkel’s 27 April speech to the Bundestag: full translation

Scandal in Frankfurt: tax avoidance pays dividends for German banks

Last Thursday’s FT carried an intriguing story about a German tax avoidance scheme with €billions at stake: the so-called “cum-cum” dividend-stripping device. While we generally think of the Germans as highly disciplined, this looked like an example of complete chaos. And the aggressive artificiality of the scheme took me back to the dark ages of … More Scandal in Frankfurt: tax avoidance pays dividends for German banks

Raisins or cherries, the message remains the same

Angela Merkel warned last week against British cherry–picking on Brexit. Or rather, she warned against “Rosinenpickerei”, which literally means raisin-picking. But this is hardly news. On 28 June, 5 days after the referendum, Merkel first included such a warning in a speech to the Bundestag, immediately before the European Council meeting and the first informal … More Raisins or cherries, the message remains the same