Reborn with wealth that rivals the country

Chapter 2312: Another Conspiracy

“I didn’t expect that Croatia’s entry into the Eurozone was based on deception!”

He Chaoling couldn't help complaining: "And why is there a shadow of the foundation in this?"

Chen Mo smiled lightly and said: "Where there are huge interests, there will be foundations. The nickname "Cancer of the World" is not for nothing.

Immediately afterwards, Chen Mo continued to describe Ke Guo's "death-seeking process."

After Croatia joined the Eurozone, it received a financing cost of 3% and began borrowing crazily.

The debt-to-GDP ratio exceeded 100% and has never come down since.

From 2001 to before bankruptcy in 2009, 70% of Croatia's economy was driven by debt, 52% of its GDP came from the service industry, 20% of which was tourism, and industrial output accounted for only 14% of GDP.

The economic structure of Croatia is a very typical export-oriented economy.

Once there is a huge change in the external environment, Croatia's economy will collapse.

But Croatian officials do not realize how fragile their economy is.

Like Greece, Croatia has become extravagant in social welfare.

One of the key points of debt expansion is actually social welfare.

The better a country's social welfare is, the more serious its national debt problem will be.

Croatia, like Greece, offers free tuition from primary school to university and free medical care. All companies are required to pay 16 months of salary every year, with at least 100 days of paid vacation per year. The establishment of official departments is paid out as if they are free. .

Senior leaders of Croatia even went to Greece for in-depth study.

The result of deep learning is that we have learned all the bad habits of the Greeks, and even made them worse!

The people of Croatia were completely immersed in the environment of debt issuance and enjoyment.

But Ke Guo didn't know that Gao Sheng had secretly started shorting it.

The hedging agreement between Will Bank and Gao Sheng, a few years later, caused it, the largest bank in the Crested Ibis Country, the most economically powerful country in Ouzhou, to be dragged down.

Gao Sheng is very insidious.

If the Keguo mine explodes and Ouzhou collapses, Gao Sheng can earn huge compensation and profits, and he can also accept clients who have escaped from Ouzhou. By the way, his boss foundation can also go out to harvest.

It can be said that it kills three birds with one stone.

The situation on the Keguo side was far more severe than Gao Sheng had imagined.

The guarantor of the Croatian government bonds is the Central Bank of Ouzhou, and the largest holder is the Lanxi Empire, the second economy of the Oumen League.

If the national debt of Croatia really collapses, the entire Ou League may be buried with it!

In fact, in Chen Mo's memory in his previous life, Keguo really went bankrupt a year later, and Ouzhou was almost completely wiped out by its bankruptcy.

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destroyed.

However……

Is this something that the country should be concerned about?

In the last life, from 1996 to 2009, Croatian officials had been issuing bonds to get by.

The thoughts of the top officials are surprisingly consistent.

How to reduce the fraudulent debt is a fucking thing for the next term!

This term, they only need to maintain the superficial prosperity and then get votes.

But the bubble that gets bigger and bigger will eventually burst.

Chen Mo's recent big moves have caused the subprime mortgage crisis to arrive more than half a year ahead of schedule, and have also dealt a devastating blow to Croatia's tourism and shipping industries.

The number of tourists from Baguo and Oumeng decreased by 19.3% and 25% respectively, and tourism revenue plummeted by 30.2%.

The sharp drop in tax revenue caused by the economic downturn is also a sharp drop in fiscal revenue.

In order to maintain the welfare system and daily expenditures, the scale of Croatian debt issuance has skyrocketed.

Fiscal revenue plummeted and fiscal expenditures skyrocketed.

The subtraction of the two means a sharp increase in the fiscal deficit.

If there is no strong means to save it, then bankruptcy is the only outcome!

After sorting out the situation, Chen Mo asked with a smile: "Secretary He, what would happen if I brought it to light that Croatia joined the Eurozone through fraud and then borrowed money like crazy to survive?"

He Chaoling's eyes lit up: "Ke Guo's credibility will collapse, even faster than that of Xi Guo!"

Chen Mo looked like a coward and said: "Bingdog! That's the right answer! After all, Greece joined the Eurozone by relying on its own hard power, but Croatia is different!

I don’t even need to use a large amount of money to short-sell, Ke Guo will go bankrupt! ! ! "

He Chaoling asked: "Then... won't the foundation take action? If Keguo is bankrupted by you again, it is estimated that Oumeng, a helper in public opinion, will not exist.

Moreover, if you continue to bet on the economic integration of the Ou League hegemony like this endlessly, the fire of the Ou League will come back to the hegemony. "

Chen Mo smiled: "Gao Sheng himself bought a large amount of short-selling Keguo products, will the foundation be willing to lose money to help?

I don't think this group of capitalists are doing good. "

"But it doesn't matter even if I do it, the foundation will help, and I will expose Gaosheng United Bank's short selling of Croatia.

At that time, the fragile alliance between the Foundation and the Ou League will fall apart.

It would be better if the foundation did not take action. Watching the country go bankrupt, but the instigator hides behind it and does not take action. Who would be willing to be its ally? "

He Chaoling heard this and sighed: "It's another conspiracy! You win if the foundation takes action, but you win if the foundation doesn't take action. I'm convinced!" "I didn't expect that Croatia joined the Eurozone through deception. !”