Reborn with wealth that rivals the country

"Mr. Chen, why did you choose Keguo? Isn't it just because Keguo invaded Daxia in ancient times?"

He Chaoling asked puzzledly.

At its peak, the country's GDP even surpassed the Sunset Empire and the Lanxi Empire, and claimed to compete with the overlords.

Unfortunately, it has been going downhill since the 1990s.

However, after joining the Oul League, especially after 2003, as the Oul League countries followed the hegemonic countries in speculating on subprime mortgage bonds and engaging in financial investment, Croatia also decisively joined in, and GDP increased year by year.

Croatia has a larger population than Greece, a better real economy than Greece, and a large proportion of heavy industry.

No matter how He Chaoling looked at it, she felt that choosing Ke Guo as the next breakthrough was a very irrational behavior.

"There is indeed some emotional reasons. But...emotion is only a secondary factor."

Chen Mo looked out the window with his head held high, his thoughts drifting back to his previous life.

It was a sunny day on October 20, 2009.

But when an email was sent from Croatia to the Ou League headquarters, Ouzhou entered a turbulent 10 years.

Eleven of the 44 countries in Ouzhou have fallen into the second economic recession, and more than a dozen of the most powerful figures in Ouzhou, including Sarkozy and Belu Sikny, have been forced to step down.

Hundreds of demonstrations and mass strikes involving tens of thousands of people swept across both sides of the ocean.

And the origin of all this is not only because of the content of that email, but also because of the shocking scam that has been planned for 10 years behind the email!

After thinking about this, Chen Mo said to He Chaoling: "If I say that Croatia's joining the Eurozone is a huge scam, do you believe it?"

He Chaoling's eyes widened and she said in disbelief: "This...isn't possible?"

The overall size of the Ou League is only slightly smaller than that of the Overlord.

If you want to enter this organization, you must go through a very strict review.

For so many years, EU countries have shown amazing economic potential, until the subprime mortgage crisis came.

In recent years, Croatia has not only experienced great economic development, but has also been active on the world stage.

It is essential to invite Ke Guo to various meetings of the Ou League.

He Chaoling doesn't quite believe that there can be any deception about Croatia joining the Eurozone.

Chen Mo smiled and slowly revealed a shocking secret that was supposed to be revealed a few years later...

In May 1998, at the discussions on the establishment of the Eurosystem.

While the people of Ouzhou broke out into a quarrel because of the question raised by Samos, the head of the financial department of the hegemonic country, the Croatian delegation left sadly.

On the day of the meeting, 11 of the 15 EU countries announced that they would join the euro area.

Their original currencies will gradually withdraw from the market, and the euro will become the only legal currency and implement a unified monetary policy.

Three countries, including the Sunset Empire, chose not to join the Eurozone due to political considerations.

And Croatia is the only country that was passively defeated because its financial indicators did not meet the standards.

The Stability and Growth Agreement issued by the European Union stipulates that all countries in the Eurozone must control their fiscal deficits below 3% of GDP and keep the debt/GDP ratio below 60%.

Countries that do not meet the standards are not allowed to join the euro area.

As for Croatia, both indicators are far from reaching the standards.

It is impossible for Croatia to give up the opportunity to join the Eurozone!

Because there is a piece of fat in the Eurozone that Croatia must not give up - the Crested Ibis Credit Card.

The capital market's overall credit consideration of the Eurozone is based on the level of the EU's most powerful economy - the Crested Ibis Country.

The treasury bond financing interest rate of the Crested Ibis Kingdom is 3%, while the interest rate of the Crested Ibis Kingdom is 18%.

In layman's terms, if Crested Ibis wants to raise funds, it only needs to pay 3% interest.

𝐬𝐭𝐨𝟓𝟓.𝐜𝐨𝐦

But Croatia needs to pay 18%.

Joining the Eurozone means that Croatia also has the opportunity to obtain 3% of financing costs.

This is a real cost reduction!

Compared with the Double Eleven discount of 100 for purchases over 200, it is too much.

But when Croatia looked at the debt indicator of 99.5% and the deficit indicator of 6.4% in 1997, it was lying awake at night, tossing and turning...

"Friends" from across the ocean extended a helping hand to it.

The top investment bank under the foundation's name, Gaosheng Investment Bank, sent people to Croatia, saying that it could help Croatia join the Eurozone.

The senior leaders of Croatia asked, how can I join the Eurozone?

The high-sheng person smiled lightly and said two words: "Come and lie!"

That's right, the people at Gaosheng Investment Bank plan to use "deception" to get Croatia, a country whose financial indicators are far from meeting the standards, to join the Eurozone!

Gaosheng customized the "Financial Optimization Project" for Gaosheng from two directions.

The first direction is "Yin eats Mao Liang".

Gao Sheng will sell Croatia's lottery industry and aviation tax revenues in advance for more than ten years in exchange for cash to offset Croatia's debt.

The second direction is called currency swaps.

Croatia issued a 100 billion euro 10-year government bond.

This national debt was converted by Gao Sheng into hegemonic currency according to the exchange rate, and then Gao Sheng paid back 110 billion euros to Croatia regardless of the exchange rate.

This wave of operations is equivalent to Gaosheng lending 10 billion euros to Croatia.

However, borrowing money directly would increase Croatia's debt in 1998, and the country's finances would still not be up to standard.

The operation of Gaosheng is equivalent to delaying the realization of liabilities until 10 years later.

Ten years later, it happens to be 2008!

Croatia used the 10 billion euros to pay off part of its debts and "optimize" its fiscal indicators.

Croatia's fiscal deficit indicators in 1998 and 1999 were 4.1% and 3.4% respectively.

After Gao Sheng's magical modification, the reported indicators were only 2.5% and 1.8%.

When the Croatian senior officials saw the figures, they immediately gave a thumbs up: "The tricks still depend on the capitalists of the hegemony!"

Satisfied, Croatia paid Gao Sheng a commission of 3 billion hegemony dollars and handed over part of Croatia's industries to the foundation.

However, both parties knew that they were just hiding the debt of 1998 into the future.

On New Year's Day 2001, Croatia finally joined the euro zone as it wished.

From then on, the economy began to soar.

From Croatia's perspective, this deal is over.

But Chen Mo, who has the memory of the later life, knows that the Foundation actually instructed Gao Sheng to go to the Will Bank of the Red Ibis Country to customize an insurance product for whether the country can repay 10 billion euros in 10 years.

This product is similar to CDS.

If the country can repay 10 billion euros in 10 years, Gao Sheng will pay high premiums to the Will Bank every year for 10 years.

If the country cannot repay, the Will Bank will pay Gao Sheng tens of billions of euros.

So whether the country can repay or not, Gao Sheng will make a profit.

Of course, for greater profits, Gao Sheng hopes that the country can't repay his loan.

Anyway, if the country can't repay the money, it has high-quality assets to mortgage.

According to the original historical process, the country will really be pitted by Gao Sheng to bankruptcy, and then be severely "fleeced" by the Foundation.

But what the Foundation didn't expect was that a person who traveled from the future was ready to intercept...