German Social Democrats beat conservatives in vote to decide Merkel successor

Social Democrats (SPD) ahead – projected results SPD’s Scholz claims clear mandate for pragmatic government But conservative Laschet also vows to seek coalition Chancellor Angela Merkel is not seeking a fifth term Germany’s Social Democrats narrowly won Sunday’s national election, projected results showed, and claimed a “clear mandate” to lead a government for the firstContinue reading “German Social Democrats beat conservatives in vote to decide Merkel successor”

German millionaires rush assets to Switzerland ahead of election

A potential lurch to the left in Germany’s election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say. If the centre-left Social Democrats (SPD), hard-left Linke and environmentalist Greens come to power, the reintroduction of a wealth tax and a tightening of inheritance tax could be on the politicalContinue reading “German millionaires rush assets to Switzerland ahead of election”

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