Reborn with wealth that rivals the country
Chapter 2298 The Bankruptcy of the Central Bank of Greece
In less than a week, Greece welcomed 134 strikes and marches.
Carter and her management team didn't even dare to leave their homes.
Because she received news that some Greeks were going to assassinate her.
Carter had lost her appetite these days, and couldn't sleep even after taking sleeping pills.
She really couldn't figure out how Chen Mo knew the real debt situation of Greece, as well as the welfare and tax situation that only the countrymen, or even only the Greek top leaders, could know.
She originally wanted to be a dog for the hegemony and the foundation, in exchange for some benefits to earn chips for her next election.
As a result, she lost more than she gained!
That morning, as soon as Carter arrived at the palace, countless senior leaders of the Greek government departments surrounded her.
"Lord Emperor, the stock market has completely collapsed. Now it's not a matter of how much it falls, but a complete loss of liquidity! In the stock market, there are only sellers left, no buyers!"
"House prices can't hold up anymore. Although the official limit on the decline, everyone knows that houses are worthless. If you really want to sell, you can only sell them at 30%-40% of the official price."
"The foreign exchange market is even worse. Now all countries don't accept Greek currency for trade, even our own people are unwilling to accept it.
Our money is almost like waste paper."
"The economy has collapsed too badly. All previous benefits have been cancelled, and tax collection is of no help at all. What's more terrifying is that inflation has spread all over the country! A loaf of bread may sell for 2 yuan in the morning and 10 yuan in the afternoon. Many merchants simply don't put labels on it. When checking out, either settle in foreign currency or set a very high price for you."
"..."
Carter's head was buzzing.
In a trance, she remembered the tall, slightly thin man who was wearing a straight suit, holding a cigarette, and broke into the palace alone a week ago.
At that time, she only felt that Chen Mo was talking in his sleep, and she also felt that this man was seriously ill.
As a result, under her all-round defense, in just one week, the Greek stock market, foreign exchange market, housing market and prices collapsed.
The high welfare that was envied by the world before was all cancelled.
Even the people's food and clothing will soon become a headache for the government!
Carter couldn't figure it out.
Why did the foundation have to follow the script written by Chen Mo.
Why was his conspiracy unsolvable?
Carter didn't have the energy to think about it, and there were a lot of things waiting for her to deal with.
"Emergency closure of the stock market, make up a reason, anyway, it's meaningless to keep it open now."
"Don't worry about the foreign exchange market, let it go, once the economy is repaired, the exchange rate will naturally rise back, and it shouldn't be a problem to use the euro instead during this period."
"As for housing prices, don't worry about it. Ordinary people can't afford to eat, and no one will buy houses. The liquidity of the housing market has been completely exhausted a few days ago. Even if the housing prices rise to 1 million yuan per square meter or fall to 1,000 yuan per square meter, it's meaningless."
"Finally, let the Greek central bank quickly use the 1 trillion euros I borrowed to release water, and first revitalize Greece's basic base! Go!"
Everyone was hesitant to speak.
Because Carter's approach is essentially eating up the grain in the next year.
The 1 trillion euros is borrowed, it has interest, and it must be repaid!
Now the whole world knows that Greece's debt is outrageous. What if the creditors come to demand repayment?
ππππ§π§.πΌππ
Seeing that none of the officials on the scene moved, Carter angrily said: "Go quickly! Do you have any better ideas?
Take care of the present first, as for the problems in the future, we must believe in the wisdom of future generations!"
The officials nodded.
Just as the group of Greek officials were about to leave, the governor of the Greek Central Bank, Yannis Stonaras, came over with a pale face and said weakly: "Everyone... don't go..."
Carter frowned: "Yannis, what do you mean? Do you want to openly disobey the order?"
Yannis Stonaras smiled bitterly and shook his head: "It's not that I want to disobey the order, but I have to disobey the order."
Carter knocked on the table: "What do you want to say?! If you don't want to do it, there are people who will do it!"
Yannis Stonaras sighed and said: "My Lord Emperor, my dear Lord Emperor. The Central Bank of Greece has just gone bankrupt in substance."
Substantial bankruptcy means that although it has not been announced in name, the actual situation is already in a state of bankruptcy.
Boom!!!
Carter fell off the throne, looked at Giannis Stonelas in disbelief, and asked with a trembling body: "You...what did you say? Say it again!!!"
Giannis was also a little angry: "Are you deaf? I said that the Central Bank of Greece is essentially bankrupt!!! No money!!!
And not only is it out of money, it also owes a lot of debts to the outside world!!!
Did you understand? My respected, dear, the only great empress in the history of Greece!!!"
"Impossible! Absolutely impossible!!! How could this happen... It doesn't make sense... We obviously didn't participate in the subprime mortgage market of the hegemony, why would the central bank go bankrupt..."
Carter slumped on the ground, talking to himself hysterically, asking and answering himself.
Yannis Stonaras snorted coldly: "Isn't it because of the great empress's credit?"
"Our country of Greece is a small country with "few resources, high welfare, and a single industry", and the most important industry is the fishing industry.
It's just that after you came to power, you thought that finance was still profitable, so you began to vigorously develop finance and real estate, and began the road of moving away from the real economy to the virtual economy."
"From 2005 to 2007, the growth of private credit in Greece accounted for 154.8% of GDP, ranking first in the world!!!
And our country's only real industry - the fishing industry, has dropped from 54% in 1996 to 6.6% this year!!!
Finance and real estate have risen from 4.3% to 64.2%!!!
So, although the Central Bank of Greece did not participate In the MBS and CDO investments of the hegemony, but we spread it to the whole world through a high leverage of 53 times.
Last year, 42% of Greek banks' assets were abroad, 58% of their income came from abroad, and 60% of their funds were financed by foreign debt.
Moreover, one-third of the staff of our official financial regulatory department jumped to the top three banks in Greece under the temptation of high salaries in the banking industry.
The financial supervision that was originally in name only is now gone.
A country without real industries, relying entirely on finance and real estate speculation, is like a castle in the air, understand? "
Giannis became more and more angry: ""
"Investment banks such as Bells are the biggest financing targets chosen by you, a smart guy! ! Chen Mo can even make Bells and other time, so can't he deal with us easily? "
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