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1
Stir the yeast and water together and let stand until dissolved.
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2
Using an electric mixer, beat the butter and almond paste together until light.
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3
Beat in the sugar.
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4
Add the eggs 1 at a time, mixing well after each addition.
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5
Stir the milk into the yeast mixture.
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6
Very slowly stir the yeast mixture into the butter mixture.
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7
Add 1 cup of flour, the salt and nutmeg and mix well.
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8
Stir in the almonds and cranberries.
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9
Begin adding flour 1 cup at a time until the dough becomes too difficult to stir.
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10
Turn the dough out onto a floured surface and knead until smooth, adding enough additional flour to make a soft but not sticky dough.
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11
Butter a large bowl, shape the dough into a ball and place in the bowl.
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12
Cover with a kitchen towel and let stand in a warm place until doubled in bulk, about 2 to 2 1/2 hours.
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13
Punch down the dough and divide into 2 parts.
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14
Press 1 piece of dough out with your hands into an oval shape about 12 inches long and 8 inches wide.
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15
Fold 1 of the long sides about two-thirds of the way over, overlap with the other side and press down firmly.
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16
Repeat with the remaining dough.
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17
Preheat oven to 350 degrees.
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18
Place the 2 pieces of dough on a baking sheet as far apart as possible.
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19
Cover with a towel and let rise for 45 minutes.
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20
Bake until breads sound hollow when tapped on the bottom, about 45 minutes.
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21
Cover with aluminum foil if breads brown too quickly.
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22
Cool on a rack.
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23
Sift confectioners' sugar over the tops before serving.