Top of the Great Era

Chapter 1626 Think about it!
The joint rescue plan of the European Union and the International Monetary Fund has really been introduced, and a total of 1100 billion euros in loans will be provided to help Greece get out of trouble.

The terms of the loan are very harsh. The government budget must be strictly controlled, public sector wages should be cut, welfare expenditures should be reduced, taxes should be raised, pension payments should be frozen, and early retirement is prohibited.

The Greek government in the past was really stupid, and the law enforcement was too weak, which led to tax evasion everywhere.For example, Greek law stipulates that houses with swimming pools have to pay super property tax, but whenever tax officials come to check, they will find a tent cloth and cover the swimming pool, and they can get away with it. In the first quarter of the year, the tent cloth is always sold out.This kind of thing is impossible in the future.

However, this is only a superficial request, a rhetoric that can preserve the dignity of the Greek government.

There are more stringent behind the scenes.

For example, Greece's power system, railway system, mining system, lottery system and other pillar industries are all in the hands of the state and are state-owned enterprises.The European Union requires them to sell to private individuals quickly and use the money to pay off their debts!
Even the country is about to go bankrupt, and there are so many state-owned assets, sell them quickly!

Then who will buy it?
In addition to their own private companies, of course, these countries have contributed 1100 billion euros to help Greece out of trouble, including Germany, France, Finland, and Denmark in the euro zone, as well as the United Kingdom, the United States, Canada, South Korea, and the International Monetary Fund. Japan and other countries.

In short, as long as they accept this humiliating and humiliating loan contract, within 5 years of the terms of the contract, Greece will almost lose its financial sovereignty.

In 2012, the price of Greek bonds plummeted again, causing losses to international capital. What should we do?The answer is for Greece to bear it.

The European Union requires Greece to maintain the stability of bond market prices, and requires Greece to repurchase bonds from the market on a large scale at a price of 35 euro cents to one euro.

This behavior directly increased the price of Greek government bonds by more than 7 times, making international capital a lot of money, but making the country's banks and financial institutions miserable.

When Greece issued government bonds back then, domestic financial companies were the main recipients. They bought the bonds in full at the price of 1 euro for 1 euro as long-term investment.

This is a good time, forced to be repurchased at a price of 35 cents to 1 euro.

International hot money is different. They all buy at low points. The buying price may be only 8 cents or 15 cents. Greece starts the repurchase plan and can earn several times directly.

It is simply a gluttonous feast for the world's capital to carve up the wealth of Greece.

Finally, when the five-year contract expired in 2015, the Greek people couldn't take it anymore, so they ousted the heads of government and replaced them with a radical nationalist president who refused to renew the contract with the EU!

In the past few years, we have been cheated so badly, I don't play anymore!
What kind of bullshit national debt, no repayment!
At that time, the Greek president did not dare to make a rash decision, so he held a referendum and let the whole people decide.The Greeks have been pitted so badly in the past five years, of course they all oppose the contract renewal.

Then, for the first time in history, a developed country defaulted on its debt, and the first liquidated damages amounted to $16 billion.

The outcome is predictable.

The Greeks can't even eat food, they can't even refuel, and the country's most important shipping industry can't run.

After persisting for less than a month, Greece went to the EU and knelt down, saying that it was willing to renew the contract.The Iron Lady in Germany also disagrees. If you say you don't renew the contract, you won't renew the contract, and if you say you renew the contract, you will renew the contract?How can there be such a good thing?Then they came up with more stringent terms. If you want to get the loan again, you have to sign a more stringent contract.

Greece had no choice but to vomit blood and accept it.

That's really people across the country tightening their belts and finally paying off their loans in 2018.In 2019, Greece issued a new round of 30-year national debt, which finally became 1 euro to 1 euro, and the Greek bond market was finally revived.

The entire process of the Greek crisis was very dangerous.

Once the Greeks are hard-headed and refuse to accept the terms of the EU, the country of Greece is of course finished. If it wants to change from a mainstream country to a marginal country, the same international capital will also suffer.

The most critical core is the attitude of Greece.

Greece was submissive and hibernated for a few years. It survived and is still one of the most developed countries in the world. International capital can also make a lot of money;

Zhou Buqi also made some misjudgments in this matter.

He once thought that the European Union and Greece were in the same group.

It was only later that I realized that something was wrong.

In this overall situation related to the stability of the global economy, the EU and the US are on the same side.

Because in the next few days, the European Union held a new round of finance ministers' meeting, announcing the establishment of a rescue mechanism with a total of 7500 billion euros to help the member states of the euro area that may be in debt crisis, so as to prevent the spread of the Greek debt crisis and ensure that The euro is stable.

The 7500 billion euros are mainly in three directions.

First, stabilize the entity and provide loans to operating enterprises;

Second, to stabilize finance, the European Central Bank will purchase government bonds of euro zone member states on a large scale from the secondary market to stabilize the bond market;

Third, cooperate with the Federal Reserve to carry out swaps between the euro and the U.S. dollar.

This third item is especially important.

The swap between the euro and the U.S. dollar means that the United States has to help the European Union bear part of the euro risk.Why does the United States do this?It must be that the EU promised huge benefits to the United States.

The market reacted cheerfully that day, and the global financial market soared all the way, even the Greek stock index rose by 10%.Even more so in the bond market.

Senior Sister Zhenyu was stunned, and when she called Zhou Buqi, her tone was weak, "Boss Zhou, I want to admit my mistake to you."

Zhou Buqi is attending the launching ceremony of a local cloud data center in Toronto, Canada at this time. In name, he is working, but in fact he has never been to Toronto. He went there with Ning Yaxian, sister Ning Yameng, and a pair of children. travel.

The sisters of the Ning family are reasonable, each one is gentler than the other, and they can always give people the greatest satisfaction.

The son and daughter You Qi gave birth to are the big treasures of the Zhou family.

After receiving a call from Senior Sister Zhen Yu, Zhou Buqi didn't care, and said with a smile, "It's a loss again? It's a loss. I've already said that the 6 million US dollars is for your tuition."

"No...no loss, I made money."

"Earned? Well, yes, the financial market is booming recently."

Zhen Yu said sadly: "Boss Zhou, I should review myself, and I should trust you even more. I should have [-]% trust in you."

It's daytime here in Toronto, Zhou Buqi is holding his son in his arms, visiting the zoo with Yaxian, Yameng, and the security team to see the gorillas captured from Africa. Hearing this, I understand, Senior Sister Zhenyu Meaning, smiled and said: "Buy less?"

Zhen Yu said softly: "Well, less, I only bought a total of 4 million US dollars. Originally... I was thinking to wait and see, maybe it would fall. I didn't expect that after the meeting, the price would soar all the way It’s too late to buy it.”

"How much is the increase?"

"Greek government bonds maturing in 2017 rose to 22.19% of face value, and government bonds maturing in 2023 rose to 20.19% of face value."

"It has risen to more than 20 euro cents? How many times is this?"

"Well, my average purchase price is 7.8 euro cents, and the increase is nearly three times. The purchase price is 3 million U.S. dollars, and the current value is 4 billion U.S. dollars."

Senior Sister Zhen Yu's tone was weak, somewhat regretful.

Zhou Buqi said with a smile: "Making money is not the goal, but learning is the goal. Sister, the most important thing is that you can participate in this thrilling international financial wave and experience the feeling of rolling in the waves."

Zhen Yu said softly: "Yes, I'm really overwhelmed. I haven't had a good rest in the past half a month, and I'm worried."

"Can't you rest well? How can this work? There is a lack of men around me, so it's empty?"

"Screw you!"

"I'm sorry, I'll go find you in a few days, and then we'll have a good time."

"casual."

Zhen Yu was a little bit shy about these tiger-wolf words. She was with Boss Zhou, and she didn't have many demands for sex in bed, so she was relatively cold in this regard.

After finishing the phone call, Zhou Buqi hugged his son and continued to visit the park. This kid has a thick head and a tiger head, with small eyes rolling around, full of curiosity about the world.The daughter seemed not interested in these strange animals and had already fallen asleep in the stroller.

Ning Yameng was beside him, gently holding his arm, and asked with a sweet smile, "Brother-in-law, did you make money again?"

"Well, hundreds of millions of dollars."

"so much?"

"Not much, hundreds of billions of euros of national debt is like a splash."

Having said that, Zhou Buqi doesn't know how to spend the money he has earned. If he wants to eat and look good, it is best to spend the money in the EU and do some public welfare undertakings.

Well, football doesn't make money, so it's considered public welfare, right?
Ning Yaxian pushed the baby carriage beside her, "By the way, I have seen the girl Chen Yan recommended."

"Oh, how are the relatives of Mr. Chen's family?"

"pretty good."

"Ah."

Zhou Buqi nodded.

Ning Yaxian said softly: "But there is a little problem, it's weird."

"what happened?"

"She is the daughter of a cousin of Uncle Chen Yan's family."

Zhou Buqi was very strange, and turned to look at her, "Is there a problem?"

Ning Yaxian rolled her eyes at him, "Think about it carefully!"

"Ok?"

Zhou Buqi didn't think much about it at all, he just thought that Teacher Chen Yan wanted to follow the model of Yaxian and Yameng, and repeat the legendary story of Ehuang and Nvying.

But the female secretary recommended by Mr. Chen is the daughter of her third uncle's cousin, so they are not sisters at all!No wonder Mr. Han had a joking expression when he first mentioned this matter.

Depend on!
This teacher Chen Yan is too good at playing, right?
So brave?
Zhou Buqi noticed that the eyes of Yaxian and Yameng were a little weird, so he quickly said seriously: "This is not good, I think Mr. Chen is in a daze. Yaxian, you can arrange it and pick a better job, don't let it go." It was arranged by my side."

(End of this chapter)