Mass protests against the far right took place in Germany in January after secret talks were revealed on deporting foreigners. Getty Images
Mass protests against the far right took place in Germany in January after secret talks were revealed on deporting foreigners. Getty Images
Mass protests against the far right took place in Germany in January after secret talks were revealed on deporting foreigners. Getty Images
Mass protests against the far right took place in Germany in January after secret talks were revealed on deporting foreigners. Getty Images

'Germany for the Germans': Outrage over 'Nazi slogans' at party


Tim Stickings
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The owners of a bar on a German island have filed a criminal complaint after guests were filmed chanting “foreigners out” and “Germany for the Germans”.

The owners of the upscale venue on the island of Sylt said they were “shocked and deeply upset” after the footage was widely shared on social media.

It shows young people at a party singing what Interior Minister Nancy Faeser called “Nazi slogans”, while one man appeared to gesture in a Hitler salute.

The video touched a nerve in Germany where unease has been growing for months at the resurgence of the far right in politics.

“Such slogans are disgusting. They are not acceptable,” Chancellor Olaf Scholz said of the video. Ms Faeser called it a “disgrace for Germany”.

Some MPs warned the video showed racist sentiment being shared by affluent youngsters, not just the stereotype of an uneducated neo-Nazi in the former East Germany.

Criminal complaint

The owners of the venue, Pony, said staff had not witnessed the “deeply antisocial behaviour” on Sylt and would have intervened if they had done.

“We would have immediately informed the police and filed a criminal complaint. We have since been able to do so,” they said in a statement on Friday.

Germany has laws against using Nazi symbols, glorifying the Nazis' actions or inciting hatred. The bar's owners did not specify what it was alleging.

Authorities say adapting the pop song L'Amour Toujours to sing “Germany for the Germans” has become a “viral success” for right-wing extremists on Instagram and TikTok.

The slogan is part of a recognised far-right code that uses the number 444 to translate Deutschland den Deutschen (“Germany for the Germans”), referring to D as the fourth letter of the alphabet.

German Chancellor Olaf Scholz, right, and Interior Minister Nancy Faeser condemned the slogans sung at an island party. EPA
German Chancellor Olaf Scholz, right, and Interior Minister Nancy Faeser condemned the slogans sung at an island party. EPA

The venue owners said the song played by a DJ was a “party classic” from 1999 and staff had no idea that “it is used by Nazis for their slogans”.

“Racism and fascism have no place in our society. The fact that others apparently see it differently leaves us speechless,” they said.

The same slogans were sung at a disco in January that followed a party conference of the far-right Alternative for Germany (AfD) party.

On that occasion the AfD played down the video, but said the only foreigners it wanted out were those without a legal migration status.

However, fears are high after some AfD members were caught late last year holding secret talks on “remigration” of foreigners from Germany.

The AfD is hoping for a strong result in European Parliament elections next month although it has recently been hit by a series of scandals.

A court decided last month that the AfD could legitimately be put under surveillance by domestic security services due to fears of extremism.

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New Zealand trail by 18 runs with nine wickets remaining

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Sri Lanka require another 75 runs with three wickets remaining

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  • Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
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UAE tour of Zimbabwe

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Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
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Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place play-off

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: May 25, 2024, 4:18 PM