Age of Dreams
Vol 2 Chapter 2563: Prelude to the debt crisis
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With the approach of the end of August, the air over Europe is becoming more and more tense.
Starting from August 15th, the major EU member states have frequently held closed-door meetings. Although people outside did not know what they said at the beginning, before and after each meeting, the leaders of European countries, With the heavy appearance of the treasurer and so on, he knew that something big should happen.
By the end of the month, everyone had already heard some news one after another.
Greece!
This time the problem is Greece!
Although there are still a few months to end in 2009, the financial situation for the year is basically clear.
The European and American countries are not like Japan, and the financial settlement period is only in March of each year.
I don’t know where the EU got the news. I heard that Greece’s debt far exceeds the EU’s regulations, and at the end of November, they have a large loan that must be repaid.
The loan amount is 6.5 billion euros, but the Greek government’s account only has a mere 8.3 billion euros. This money also includes various expenditures for the remaining three months of this year. Not to mention that it is not enough to repay the loan. I am afraid that these expenditures are not enough. .
Journalists always get what they want.
What's more, the Greek government is full of people who can sell intelligence with money, so on Sunday, August 31, the British "News of the World" published an article, "Greece is about to face bankruptcy? 》
"News of the World" may not be clear to everyone, but if you talk about its other name-"The Sun", you should be familiar with this newspaper that is world-famous for its gossip news and three-page girls?
"News of the World" is the Sunday edition of "The Sun". Any "Sun" published on Sunday will be changed to the title of "News of the World".
Of course, if you say that "News of the World" and "The Sun" are two publications, they are actually not bad, because their editors and reporters are separate, but people generally regard "News of the World" as " The Sunday edition of The Sun is only.
Not to mention that the "News of the World" only publishes one issue a week, but it is the highest-selling newspaper in the UK, and has more sales than the "Sun" on ordinary days.
As for the reason. That is, it often publishes many news, anecdotes, scandals, gossip, etc. that are not available in other newspapers, which are most popular with audiences.
In fact, the "News of the World" in the previous life was in a madness because of the sweetness it tasted. There is no scandal and gossip to create by yourself. In the end, it was condemned by people all over the world. As a result, Murdoch was forced to close the magazine and let the News of the World disappear.
The current "News of the World" is precisely out of this period of self-created gossip scandals. Seeing such a hot news in Greece, their reporters immediately rushed over, bribed the Greek government officials, the Greek bank officials, etc., and finally got what they wanted.
This time, the "News of the World" did not falsify, because the real situation is very eye-catching.
"According to insiders, Greece’s government budget deficit this year is likely to reach 13% of its GDP, and public debt will account for as much as 113% of its GDP! Everyone knows that the EU There are strict regulations on these two aspects of data. Among them, the fiscal deficit must be at most 3%, and the public debt must be less than 60%. Greece's deficit has reached an alarming level now!
Greek officials admitted that the financial situation of the Greek government has reached a very dangerous level. They have less than 5 billion euros in the account of the Ministry of Finance! The government had 3.3 billion euros in debt to repay at the end of October, and another 4 billion euros in debt by November! But in the remaining three months of this year, Greece's normal financial expenditure has reached as much as 12.5 billion. How will the huge financial loophole be made up?
One of the top three banks in Greece has confirmed to us. They have received a request for help from the Greek government. It is said that the first few major banks have received such requests, and the total amount of loans required will exceed 20 billion euros! Judging by the capacity of the Greek banks, it is difficult for them to raise this huge sum of money!
Why is Greece where it is today? We have to start talking about the Greek government in order to join the European Union a few years ago. In order to successfully meet EU standards. Entering the more secure and wealthy European Union, Greece, which was originally unqualified, turned to Goldman Sachs of the United States to fake accounts. Falsely increased his income, and then falsely reduced his debt! The result of this is that Greece has successfully joined the European Union, but their debt problems have been concealed underwater. Then it developed more and more, and finally reached the point where it can't be concealed at all!
This year's debt, do you think it is the biggest crisis in Greece? wrong! let me tell you! Greece will have a total of more than 70 billion euros of debt that is about to mature next year and the next year! That was the most difficult time for Greece! After all, in the past few years, the development of the European economy has stagnated, and it is even more dangerous for a country like Greece that is completely uncompetitive, right? "
Ok.
The last thing to expose the grievances between the Greek government and Goldman Sachs was that Xiao Qi found someone to break the news.
Don't look at Xiao Qi and Goldman Sachs have had a lot of cooperation, but just like Xiao Qi in a crisis, Goldman Sachs will definitely fall into trouble, Xiao Qi has never regarded a giant crocodile like Goldman Sachs as a friend.
Gambling with Goldman Sachs on oil is only one aspect, and now that Goldman Sachs is undercover in Europe, it is also another aspect.
Even the high-level officials on the Chinese side revealed that Goldman Sachs was swapping insurance for credit default in Britain, France and Germany. It was Xiao Qi's move against Goldman Sachs.
It's not just Goldman Sachs, including Morgan Stanley, the two major banks, and some other investment banks. Their turmoil in Europe was also revealed to governments by Xiao Qi through the senior officials in China.
Xiao Qi also spared no effort in order to fight against such a giant who is making waves all over the world.
Otherwise, before the Fairy Bank fully grew up, an overly powerful investment bank would be a threat to Xiao Qi.
The sign of the growth of the Fairy Bank should be when the Fairy Company’s tentacles occupy most of the commercial sites in Asia!
Not to mention Xiao Qi’s intentions, as soon as the "News of the World" report came out, and they used three pages to specifically introduce the debt crisis in Greece, the whole of Greece became famous all at once, all of Europe and the world. Of people began to look at this shaky country.
This is not a period of war, and a country cannot perish.
But it is very likely to go bankrupt, just like Iceland last year.
But Iceland has only a population of more than 300,000, and its land area is only about 100,000 square kilometers. Is it comparable to Greece?
And Iceland has extremely rich marine resources. Even if the country goes bankrupt, they don’t have to worry about food and clothing at all. Can you do it in Greece?
Therefore, Greece’s debt crisis is far more serious than Iceland, and the consequences are much more serious.
During this period of time, the European Union has been focusing on dealing with Greece's debt crisis. In connection with Greece's tough stance some time ago, everyone knows that there have been signs of a debt crisis.
However, just when everyone was worried about Greece, Greece was still stubborn, saying that it had enough ways to raise money and solve the debt crisis.
They feel that although Greece is facing difficulties now, the system of the country as a whole is still very sound, and the direction of the economy has not changed much. The problems can be solved by borrowing, increasing national debt, investment transactions, and so on.
Watching the TV, the leader of Greece said excitedly, and Xiao Qi directly turned off the TV.
These guys deceive voters a lot on weekdays, and now they even deceive themselves.
If the problem in Greece is so easy to solve, how can it happen that there is no way out of the crisis for so many years?
Some things do not depend on what people say, but how they do it.
Greece is a generally lazy country. How can it have good means to solve the various ills that have accumulated over the past few decades?
The same is true in the previous life. If the EU hadn't been helping Greece, they would have collapsed long ago.
But even at that time, Greece was not ashamed of holding aid while condemning the EU for interfering in their economy.
In Huaguo's words, this is how hypocritical a **** is!
Now that the journalists have opened this hole, the next step should be the expected joint strangulation of the three major US rating agencies, right?
Even though the European Union has made a lot of preparations, but Greece will not buy it at all, so they can't escape the trap that the Americans carefully designed for them this time!
A trap that has been designed since seven or eight years ago is harvested today. The patience of the Americans is indeed sufficient!
Of course, if it were not for the outbreak of the subprime mortgage crisis in the United States, maybe the United States could stay in Greece for a few more years.
But now the financial crisis in the United States has had a considerable impact on them, so the United States naturally also has the second largest economy in the world-the European Union, and it is also unlucky along with it.
If the EU is weakened, then the recession of the United States will be less visible.
After finishing the EU, the next step is to harvest Japan, South Korea and China!
This is the wishful thinking of the Yankees.
They really did it in the previous life.
Obviously the Americans made their own mistakes, but in the end the whole world helped them pay for it.
The most unbelievable thing is that when the world's financial manufacturing industry was wailing, it was the United States that was the first to regain its vitality and the economy went up!
But this is impossible in this life!
With Xiao Qi here, let the European Union and the United States have a good time!
It also happens to give China a good opportunity to develop in a few years! (To be continued.)
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