Understanding　the　sequence　of　events　that　take　place　during　glacial-interglacial　climate　transitions　is　important　for　improving　our　knowledge　of　abrupt　climate　change.　Here,　we　present　a　new　stacked,　high-resolution,　precisely-dated　speleothem　stable　isotope　record　from　the　northern　Alps,　which　provides　an　important　record　of　temperature　and　moisture-source　changes　between　134　and　111　ka　for　Europe　and　the　wider　North　Atlantic　realm.　The　record　encompasses　the　penultimate　deglaciation　(Termination　II　(TII)),　which　lies　beyond　the　limit　of　radiocarbon　dating,　thus　providing　an　important　new　archive　for　a　crucial　period　of　rapid　paleoclimate　change.　Warmer　and　wetter　ice-free　conditions　were　achieved　by　134.1　+/-　0.7　ka　(modelled　ages)　as　indicated　by　the　presence　of　liquid　water　at　the　site.　Temperatures　warmed　further　at　133.7　+/-　0.5　ka　and　led　into　an　interstadial,　synchronous　with　slightly　elevated　monsoon　strength　during　the　week　monsoon　interval.　The　interstadial　experienced　an　unstable　climate　with　a　trough　in　temperature　associated　with　a　slowdown　in　Atlantic　Meridional　Overturning　Circulation　(AMOC)　and　a　reduction　in　North　Atlantic　Deep　Water　(NADW)　formation.　The　interstadial　ended　with　a　more　extreme　cold　reversal　lasting　500　years　in　which　NADW　formation　remained　active　but　the　sub-polar　gyre　weakened　allowing　cool　polar　waters　to　penetrate　southwards.　The　main　warming　associated　with　TIT　was　very　rapid,　taking　place　between　130.9　+/-　0.9　and　130.7　+/-　0.9　ka　coeval　with　initial　monsoon　strengthening.　Temperatures　then　plateaued　before　being　interrupted　by　a　600-year　cold　event　at　129.1　+/-　0.6　ka,　associated　once　again　with　penetration　of　polar　waters　southwards　into　the　North　Atlantic　and　a　slowdown　in　monsoon　strengthening.　Sub-orbital　climate　oscillations　were　thus　a　feature　of　TII　in　the　north　Atlantic　realm,　which　broadly　resemble　the　Bolling/Allerod-Younger　Dryas-8.2　ka　event　pattern　of　change　observed　in　Termination　I　despite　monsoon　records　indicating　strong　differences　between　the　last　and　penultimate　deglaciation.　(C)　2015　The　Authors.　Published　by　Elsevier　Ltd.