Rebirth of the Strongest Tycoon

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Chapter 1532 200 Billion Rescue!

There are more than 200 listed companies in the Swedish stock market, and their scale is not small in Europe.

In the face of large-scale international capital sell-offs, the man-made stock market crash was triggered.

If you want to support the broader market, there is no doubt that the focus must be on the constituent stocks of the Stockholm 30 Index.

These are weather vanes!

However, the prices of these 30 stocks have long been extremely high, and the market value of several leading companies has soared to more than 80 billion Swedish kronor.

Although it has been affected now, the market value has fallen below 80 billion SEK, and it is still falling rapidly.

But to undertake such a huge amount of release, the funds needed are very scary.

Simply trying to rely on the voluntary behavior of financial firms that have already suffered setbacks is simply not going to work.

In order to avoid the financial systemic risk caused by the stock market crash.

and even further social unrest.

The Swedish government acted decisively and called key figures from relevant departments and the financial industry to the Prime Minister's Office for a meeting.

There are two purposes.

One is to integrate ideas to boost morale, and the other is to immediately negotiate an effective rescue policy.

soon.

In the meeting room of the Prime Minister's Mansion, five people sat around the table, and a circle of staff sat on the outer chairs.

The four people in the government are Prime Minister Ingvar Karlsson.

Riksbank Governor Harold Quinton.

Swedish Finance Minister Jolan Pelton.

Steve Kaman, head of the Swedish Monetary Authority.

The one left, without a doubt, is Peter Wallenberg.

At critical moments, the only non-political leader who can participate in policy formulation is Peter Wallenberg.

Considering the urgency of time, everyone didn't talk too much nonsense.

Ingvar Carlsson went straight to the topic: "This meeting has only one theme - bailout!"

"This man-made stock market crash has already happened, but we must minimize the impact, not only to protect our financial system and industry ecology, but also to boost the confidence of shareholders and other residents."

"This is about the credibility of our government and our foundation of governance!"

For the last word, Ingvar Carlsson specially emphasized the tone and protracted the sound.

Several government officials sitting there looked at each other and nodded in unison.

If Ingvar Carlsson fails to become prime minister, then they will naturally have to step down too.

Even if it is for your own position, you have to do your best to cooperate.

Besides, I don't have to pay for it myself anyway...

At this time, the governor of the Swedish central bank did his part and said: "For this crisis, if we want brokers to back us up, one is to solve their funding problems, and the other is to solve their confidence problems."

"The funds are very simple. We plan to release a total of 150 billion Swedish kronor to the market in the first phase through policies such as directional RRR cuts by 3 points, re-lending, re-discounting, and lowering re-lending and re-discount rates..."

Targeted reserve ratio reduction is to reduce the minimum settlement reserve ratio of stock business. Although this will increase some risks in the long run, it will help to give full play to the allocation ability of securities companies in the short term, rationally allocate company funds, relieve liquidity pressure, and increase shareholder equity. returns and enhance investor confidence.

Re-lending means that the central bank grants loans to commercial banks according to the credit of commercial banks.

Rediscount means that UU Reading www.uukanshu.com The central bank uses unexpired commercial paper in the hands of banks as collateral to distribute funds to banks.

Funds are directly distributed to brokerage firms and banks. Banks will naturally dare to support brokerage firms when they have money, and brokerage firms have the confidence to take over, not to mention refinancing and discount interest rates have dropped, further reducing the cost of using funds.

The 150 billion first-stage funds released by such a policy are undoubtedly a super booster for the market.

Of course, printing money and putting it on the market, even if there is collateral, will definitely have negative effects, such as devaluing the Swedish krona.

At this time, the Swedish government really needs the devaluation of the Swedish krona.

There is also a lot of pressure on the foreign exchange market.

Ingvar Carlsson nodded with satisfaction, and moved his gaze to the Chancellor of the Exchequer, Jolan Pelton.

The latter immediately said: "Mr. Prime Minister, our plan is to use the pension fund under the Ministry of Finance to enter the market. The first phase of the market will reach 50 billion crowns, and we can invest up to 100 billion crowns!"