Rebirth of England.
Chapter 852 President
Although the relationship between Ashley and Barron is not known to most people, there is no need to hide it too much in front of Hollande.
Anyone who can become the president is definitely not incompetent. At least he or she will have expertise in the ways of the world.
Seeing the very natural and intimate actions between Barron and Ashley, Hollande naturally understood some things.
The French are certainly not surprised by this relationship.
Just like Hollande, he lived with his first girlfriend for 30 years. She gave birth to four children for him, but the two never got married.
France can be said to have the highest rate of out-of-wedlock births in Europe - many French couples choose to live together and have children without ever getting married.
According to statistics from the French National Institute of Demographic Studies, among the 2000 newborns in 77.5, 42.6% were born to unmarried mothers. By 2012, this proportion had risen to 55.8%.
That is to say, nearly 10 out of every 6 newborns in France are born to unmarried parents.
This phenomenon is directly related to the continuous decline in the marriage rate in France - from 2000 to 2011, the number of registered marriages in France decreased by 6.
The number of people signing cohabitation agreements increased from more than 2000 couples in 2 to more than 2011 couples in 21. Considering that many non-married cohabiters do not go through the contract signing procedures, the actual number of cohabiting couples should be higher.
This is also the reason why the French marriage law is too protective of women and too harsh on men...
According to French marriage law, if the couple divorces, the man needs to give three sevenths of his monthly income to the woman, and he has to give it until the woman finds a high-paying job...
That is to say, if the woman does not look for a job after the divorce, the man will have to give nearly half of his income to his ex-wife.
And if the other person has a child, you have to raise the child, regardless of whether the child is related to you or not!
This is how the magical thing happened: a French woman lives with her lover while asking her ex-husband for money!
French men are not stupid. They cannot let women get away with it, so they choose not to get married to fight against this unfair marriage law!
This is also why we see women crying so hard after being proposed to in French movies - because a man willing to marry you means you have a stable meal ticket!
Although French women are indeed happy under this marriage policy, French men also have their own ways to deal with it.
That is, they would rather date you for a lifetime than get married. This has led to a continuous decline in the marriage rate in France. In the end, the marriage rate of white people in France was only 3%. Such an incredible scene was staged.
During this meeting with Hollande, Barron also met a handsome young man beside him - this was the first time Barron met Manu.
During this time, Manu looked at Barron from time to time, and it could be seen that he was suppressing his inner excitement at being able to meet a big man like Barron.
Although Manu is three years older than Barron, his status is much different from Barron's, whether it is his previous status as a civil servant, his management positions from NM Rothschild Bank to Natixis Bank, or even his current position as Deputy Secretary-General of the President...
Even Ashley Weber, the French financial tycoon, now has to be looked up to by Manu.
Of course, things are unpredictable. A few years later, when your identity is different, the situation will be different.
……
"Welcome to Natixis, Ms Lagarde."
“It’s a very challenging job and I like the challenge.”
Next, Barron met Christine Lagarde.
As France's longest-serving finance minister, unlike the original time and space, Lagarde did not become the first female president of the International Monetary Fund because Brown, who was supported by Barron, participated in the competition.
In addition, after Hollande took office as president, he appointed a new Finance Minister, Montebourg, and Christine Lagarde also left the post of French Minister of Economy, Finance and Industry.
However, William Wade Capital extended an olive branch to Christine Lagarde and hired her as president of Natixis Bank.
After merging the main businesses of LCR Rothschild Group, Natixis Bank became the third largest commercial bank in France after BNP Paribas and Societe Generale.
Currently, Natixis Bank has a lot of business in European countries such as France and Germany, and it also holds shares in some Asian banks.
For example, the 5% stake in Huaxia Qindao Bank originally held by LCR Rothschild Group now belongs to Natixis Bank.
Although in name, the president of the International Monetary Fund is more prominent, after all, it is a super organization that can mobilize trillions of dollars.
But now, being able to serve as the president of Natixis Bank is a very good choice for Lagarde after she retired from the post of French Finance Minister.
"We have acquired 9% of Commerzbank's shares through the secondary market and some institutions. I will go to Germany soon to discuss with the German government about purchasing their shares in Commerzbank..."
Founded in 1870 and headquartered in Frankfurt, Commerzbank is one of the constituent companies of the German stock index DAX.
It ranks second among Germany's three largest banks, second only to Deutsche Bank in size.
In addition, Commerzbank occupies an important position in the German banking system and, together with Deutsche Bank, represents the main commercial banks in Germany. The German banking system is dominated by universal banks, which not only provide conventional deposit and loan services, but also involve a variety of financial services such as securities, payment settlement, and trust.
At the same time, Commerzbank is also the largest real estate lender in Europe, with more than four million customers.
As a result, the bank announced a net loss of 2008 billion euros in 66 and continued to suffer losses in the following quarters. In the German government's bank rescue plan for the subprime mortgage crisis, Deutsche Bank and Dresdner Bank rejected government aid, but trapped in the liquidity depletion caused by the subprime mortgage crisis, Commerzbank received capital injection from the German government in 2009.
Deutsche Bank then completed its acquisition of Dresdner Bank in 2010, but this acquisition also brought billions of euros of toxic assets to Commerzbank.
As early as August 2010, German Economy Minister Bruederle demanded that banks that received state aid during the financial crisis should repay the aid as soon as possible - he hoped that German commercial banks would pay off their debts within three years.
During the subprime mortgage crisis, Commerzbank received a total of 182 billion euros in capital injections from the German Financial Stability Fund (Soffin) in two installments, of which 18 billion euros were converted into common shares of Commerzbank - allowing the German government to hold 25% of Commerzbank's shares, becoming its largest shareholder, and the rest were non-public shares (equity returns need to be paid in the form of debt interest).
In addition, the German Financial Stability Fund also provides guarantees totaling US$150 billion for commercial bank bond financing.
But later, Germany faced the European debt crisis, which led to a slow recovery of its banking industry.
Therefore, it is now difficult for German commercial banks to repay these government debts in the short term as required by the government.
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