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the intereStS in the Fumy; fray iftwfully be oiler et re place-: in that. Member Starefinclueing at the initiate,: of the in:est:el- For persons In Australle.'fhis information has been preparers for general information perposes only. Nothing in the Presentation constitutes investment, fetal, acoi DM% or l
Au:tea:ear: Sect:tit:Iv: are tevertmetes atimbizisitio. The tunas referred rain these materials are not registered schemes as cerinec in the Att. In Australis,. Creeit Seeese Group enbnes, other than, Credit Suisse AG, Sydney Brencte are rut az.tnniet cerescit.eeking institetbm: for the purposes of the Ban
at Ls domicile'; or resident in e EcropeeriEcenomic Area nieniter :tate *bete Ue distribetkin of the Presentation in :ecii member stale constitute 'Merkel:re?' (with its lit we:aging ur article eileee of Ow Alternative Investment rung Managers Directive (2011eititlei Thk; Presentation it: rot an approv
” Second, to what extent will the rise of populism influence policies in the Eurozone? Here, Germany will probably provide a litmus test. Chancellor Angela Merkel and her coalition government are likely to respond to recent terrorist attacks there by proposing a stronger police and military presence, according
Page: HOUSE_OVERSIGHT_014562 →rorist suspects have already been arrested among them.°* With German elections scheduled for September 2017, it remains to be seen whether Chancellor Merkel will adjust her immigration policy. 28 | Goldman Sachs | JANUARY 2017 HOUSE_OVERSIGHT_014561 --- PAGE BREAK --- While populism is on the rise and
Page: HOUSE_OVERSIGHT_014562 →for September 2017, it remains to be seen whether Chancellor Merkel will adjust her immigration policy. 28 | Goldman
Page: HOUSE_OVERSIGHT_014562 →on the fuel gauge. EAFE Equities: Priced for Imperfection There is no shortage of concerns surrounding the various countries that comprise Europe, Australasia and the Far East (EAFE) equity markets. The list is both long and valid, including persistently low economic growth, a slow pace of structural refor
Page: HOUSE_OVERSIGHT_014589 →Investment Strategy
ancial markets. Our central case is that centre right President is elected in France (with Francois Fillon now the official Republican candidate) and Merkel is returned at the head of a coalition government in Germany. Chart 19: German polls show a consistent lead for Merkel’s CDU party Chart 20: Fillon
Page: HOUSE_OVERSIGHT_014443 →re) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS License 23513
Page: HOUSE_OVERSIGHT_014457 →Entities connected to both Australia and Angela Merkel

Jeffrey Epstein
PERSON
George W. Bush
PERSON
Barack Obama
PERSON
United States
LOCATION
Donald Trump
PERSON
Bill Clinton
PERSON
Ghislaine Maxwell
PERSON
Marc Rich
PERSON
Virginia Giuffre
PERSON
Department of Justice
ORGANIZATION
Prince Andrew
PERSONLeon Black
PERSON
Joe Biden
PERSON
Bloomberg L.P.
ORGANIZATION
Stephen Hawking
PERSON
Julie K. Brown
PERSON
Prince Charles
PERSON
New York
LOCATION
Eric Trump
PERSON
George Mitchell
PERSON