Rebirth of England.

After combining Parrot's rich experience in drones, Hangyu Seiko finally launched their first drone product HUM-6 in June this year.

HUM is the abbreviation of Hummingbird. The HUM-1 drone has a foldable quad-rotor and is easy to operate and carry. It is a consumer drone that is very suitable for family use.

The price of HUM-1 is only 2000 euros, which can be said to be relatively cheap in the current drone market. At the same time, Hangyu Seiko also provides a variety of professional accessories for their drone products, including camera components and gimbals.

The London Olympics opened shortly after HUM-1 went on sale, and tourists from all over the world tried out the drone’s excellent maneuverability in Seiko’s experience store in London, which made this drone a hot seller.

So far, Hangyu Precision's orders have exceeded 1 sets and are still increasing.

The R&D center of Hangyu Precision is in London's Science City, but in order to control costs, their production plant is located in Shenzhen, China. After all, there are more cost-effective skilled workers and a more complete related industrial chain there.

Barron's industries, including Puma Electronics and Argos Retail Group, had already begun to establish production and supply systems in China at a very early stage. These experiences were sufficient to help Hangyu Precision complete the establishment of a production plant and related production processes in China as quickly as possible.

And with the success of HUM-1, the first drone product of Hangyu Seiko, they plan to launch more models of drones and expand the scale of production in China.

It is expected that at the end of this year or early next year, they will launch an upgraded version of HUM-1, HUM-1 Pro, which will upgrade its configuration and flight control system.

In addition, as the name suggests, HUM (Hummingbird) is an entry-level drone product model of Hangyu Seiko for families and non-professional groups. Its main features are easy operation and portability.

In addition, Hangyu Precision is also developing and will soon launch the Griffin series of drones, which will be larger and more professional than the HUM series.

Of course, it will also be more expensive.

Just as Baron said, he had tried this product when HUM-1 was first launched. Although the user experience was much inferior to the DJI drone he had played with in his previous life, at this time when consumer drones are just starting out, HUM's performance is still pretty good.

And his children also like this "toy" very much. Barron prepared several for them as gifts, and they can't put them down.

……

"Welcome to invest in Germany, Your Highness..."

Merkel said to Barron with a smile:

"I hope Germany and Britain can have more economic exchanges, and thank you for your mediation at last year's EU summit."

"I think Europe is a whole. Britain needs Europe and Europe also needs Britain. However, due to many complex situations, Britain will have some concerns when dealing with related matters. I believe you will understand many of the hidden secrets..."

Barron said meaningfully:

"However, with the establishment of the European Financial Stability Mechanism, I believe that the eurozone has passed the most difficult time and the European economy will also usher in recovery. I am deeply confident in this and will increase investment in the whole of Europe..."

This time Barron came to Germany, in addition to the asset management company under the Cavendish Trust Fund signing an agreement with Eurobank to purchase the assets owned by Eurobank in Germany, including mortgaged properties worth 50 billion euros, and to renovate these properties and increase the house rental business in Germany...

He also came specifically to meet with German Chancellor Angela Merkel, who had just attended the Eurozone finance ministers' meeting held in Luxembourg, near Germany.

It was at this meeting that the European Stability Mechanism (ESM), Europe's permanent aid fund with a total amount of 5000 billion euros, was officially launched to enhance Europe's defense capabilities against sovereign debt crises.

Baron knew that with the launch of the European Stability Mechanism, Europe would also pass the most difficult period of the European debt crisis and officially enter the economic recovery period.

可以说从欧债危机爆发的2010年一直到现在的2012年，欧洲的经济都处于萎缩衰退的周期之内——欧元区的经济增长率在2010年和2011年分别为2.2%和1.6%，但在2012年却下降到-0.7%！

The unemployment rate in the eurozone has also reached 11.4% this year, which means that as many as 1800 million people are unemployed within the eurozone!

Starting next year, the eurozone's economic growth will finally come out of negative territory and begin to gradually increase, entering a recovery.

In fact, after the outbreak of the European debt crisis, since heavily indebted countries could no longer raise funds from the capital market while maintaining financial sustainability, the EU established the European Financial Stability Fund (EFSF) as a temporary crisis rescue mechanism as early as May 2010.

The European Financial Stability Facility is responsible for raising funds from financial markets and providing temporary loans to eurozone member states in crisis.

However, the European Financial Stability Facility is a temporary measure and will end in mid-2013.

Therefore, since last year, the EU has begun to discuss the establishment of a long-term stabilization fund. Finally, in September this year, the European Stability Mechanism (ESM) was officially established. As a permanent institution, it will replace the European Financial Stability Fund (EFSF) which expired in July 9 and provide financial assistance and stability support to countries in need under strict conditions.

On October 10, the Eurozone finance ministers' meeting was held in Luxembourg. At this meeting, the European Stability Mechanism (ESM), a permanent European aid fund with a total amount of 8 billion euros, was officially launched.

According to relevant regulations, the funds of the European Stability Mechanism (ESM) are divided into two parts: 800 billion euros of share capital and 6200 billion euros of callable capital, with a total of 7000 billion euros (including capital buffers that cannot be used for lending).

第一批320亿欧元的入股资本在2012年10月已经就位，这将使ESM即刻获得约2000亿欧元的融资能力；剩余入股资本将分两次至2014年上半年到位，届时该机构的借贷能力将达到5000亿欧元的上限。

It is worth mentioning that Germany still plays an important role in the "European Stability Mechanism" - the ESM's funding pool is subscribed by eurozone member states according to the amount of their gross domestic product. Therefore, the top three countries in terms of investment amount are Germany, France and Italy, and their subscribed amounts will all exceed 1000 billion euros, and Germany's subscribed amount will be as high as 27% of the total funding pool.

According to regulations, the voting rights for each decision of the European Stability Mechanism are linked to the subscription amounts of each country, which means that Germany alone can veto any decision of the fund's board of directors.