Clearstream Affair
The Second "Clearstream affair" was a political scandal in France in the run-up to the 2007 presidential election.
The name refers to the Luxembourg bank Clearstream Banking S.A., now wholly owned by Deutsche Börse, which was alleged to have aided many prominent French politicians and companies evade taxes. It was also suggested that Clearstream might have helped French individuals and companies to launder money arising from bribes surrounding the 1991 sale of six La Fayette class frigates to the Republic of China. Clearstream denied the allegations.
Read more about Clearstream Affair: Beginning of The Affair, Political Impact
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“We are participants, whether we would or not, in the life of the world.... We are partners with the rest. What affects mankind is inevitably our affair as well as the nations of Europe and Asia.”
—Woodrow Wilson (1856–1924)