The Son of Finance of the Great Age

  Chapter 791 European Consortium (3)

   Paulson and others did not take the news from Zhong Shi seriously. Because it is already evening in Europe at this time, and major trading institutions have already entered the break time. The second is that Paulson and others believe that even if they cannot obtain the liquidated euros from the European consortium, they can still obtain sufficient amounts from the US and Asian institutions.

   "Zhong Sheng, do you want to take a break?"

  Looking at Zhong Shi leaning against the window smoking silently, Jiang Shan silently handed over a cup of black coffee, and kindly suggested, "You haven't rested all day and all night!"

   "Can't sleep!"

  Zhong Shi came back to his senses, stared blankly at Jiangshan for a moment with his bloodshot eyes, and then realized it after a while, forced a smile on his wooden face, took the coffee and said, "Is there any news from Europe?"

   What greeted him was Jiang Shan shaking his head slightly.

   "It doesn't make sense!"

Zhong Shi downed all the coffee in one gulp, and the bitter taste cheered him up, "These consortiums in Europe have very close ties with the government. If they hadn't heard the news before then, it would be impossible for them to have any success in the euro market." So generous."

"This…"

  Jiang Shan didn’t quite agree with Zhong Shi’s idea. He lowered his head and pondered for a long time, and he mustered up the courage to ask, “Zhong Sheng, are you thinking too much? I think this is unlikely, right?”

   "No, I have a hunch that this is very likely!"

Zhong Shi's face suddenly became solemn and serious, "They are not a charity organization, and it is absolutely impossible to tolerate such a loss in the transaction. Without the influence of the follow-up news, it is absolutely impossible for these greedy guys to eat so many euros .”

   "Do you know what the whole of Europe values ​​most so far?"

  He took out another cigarette, Zhong Shi took a long puff, and then asked Jiang Shan leisurely.

"EUR?"

  Jiang Shan's mouth twitched a few times, and he replied a little uncertainly.

   "That's right, it's the Euro!"

Pointing Jiangshan with a hand holding a cigarette, Zhong Shi said approvingly, "Countries such as Germany and France are very clear that the core part of the whole of Europe is the euro, which is the wealth of the whole of Europe. What is certain is that even if one Two countries, such as Greece and other governments are bankrupt, and the core countries of the euro zone will not want to let the debt crisis affect the euro."

"So Germany's move this time is essentially to maintain the stability of the euro. But it is a pity that because of internal disharmony, they ignored the feelings of other countries with good intentions, and this caused the crisis of the euro But what will happen next, it is obvious that the national leaders in the euro area will soon negotiate this event and find a plan that suits most people. In this way, the external factors that promote the euro's decline will no longer be Existence, the euro will definitely rebound at that time."

"That's why I do intraday trading, because I really don't know when and at what speed the euro zone countries will reach an agreement. Make a fortune in the market before making an agreement."

"if it is like this…"

  After listening to Zhong Shi's analysis, Jiang Shan's face suddenly changed, "This can explain why European consortiums are buying euros in the market and are reluctant to sell them."

   "I hope not!"

  Zhong Shi sighed leisurely, "But in fact, there is a great possibility that the countries of the European Union have already focused on discussing the matter of Germany's 'Naked Air Ban', and an agreement may be reached within a day or two."

   Regarding Zhong Shi's speculation, Jiang Shan didn't speak for a long time, he didn't know what to say anymore.

  …

   "Gentlemen, do you still have objections to this?"

The 6-hour discussion has already exhausted the finance ministers of the Eurozone participating in the meeting, but the closer to the end of the meeting, the more they must cheer up, because the compromise has reached the most critical step and the most important step.

Although Van Rompuy previously declared to the outside world that this time the EU finance ministers' meeting would not discuss the topic of Germany's "ban on naked short selling", but not long after the meeting, the foreign ministers of France, Portugal, Spain, Italy and other countries jointly suggested that the "ban on short selling" Naked short selling" was included in the agenda of the meeting.

  Naturally, this topic became one of the topics discussed by the finance ministers of various countries, and occupied most of the meeting time.

   "France has no doubts!"

  French Finance Minister Lagarde is also a woman. She is not very old. She is only 54 years old this year, but she already has white hair. This is a very strong woman. She used to be an international lawyer. She started as a representative of the Minister of Foreign Trade and gradually achieved the position of the French Minister of Finance. She is also the longest-serving French Minister of Finance so far.

  As the two pillar countries, France was the first to express its position. Naturally, other countries will no longer have objections, and have expressed their positions one after another.

   It can be said that Germany's "ban on naked shorting" order is aimed at hedge funds, so it has caused widespread dissatisfaction in New York and London. What is different from this kind of dissatisfaction is that although many countries in the EU have expressed dissatisfaction, this dissatisfaction is because the German authorities did not discuss with them in advance, nor did they notify the ECB, which made the finance ministers of various countries feel quite annoyed with Germany .

  However, after full communication at the highest level, these finance ministers had to implement the will from the highest level today, that is, to reach a consensus and make a reconciliation.

   "Then before this proposal officially becomes EU law, countries have the right to decide whether to limit or not to limit according to their own country's market conditions."

Fan Rompuy was naturally very happy to be able to reach a consensus. Under the attention of many finance ministers, he briefly recounted the agreements reached by various countries, "At the same time, various countries will send relevant personnel to assist the EU in drafting and strengthening regulations on hedge fund management. Relevant regulations. Ladies and gentlemen, is that so?"

"Yes!"

   This time, the German side also nodded in agreement, which means that in the euro zone, a unified consensus has been reached on the prohibition of naked short selling.

   "Okay, next topic!"

Van Rompuy nodded with satisfaction, and continued, "The Bank of England has applied to the European Council to join the European rescue mechanism. This is another statement after their previous refusal to join the European rescue mechanism. Ladies and gentlemen , what do you mean?"

  Half a month ago, the United Kingdom strongly stated that they would not join the 750 billion euro rescue mechanism. This move aroused strong reactions from other European countries, and some countries even said that the UK is on the verge of a debt crisis, but if the UK speaks about the debt crisis, the EU will stand by.

  After conducting an emergency investigation and investigation of the country's financial situation, the UK found that the situation was not as happy as they had imagined. In this case, they resolutely chose to repent and once again extended an olive branch to the EU.

  This kind of rebellious behavior may make ordinary people feel very contemptuous, but the negotiation between countries is like this, not morality but profit as the highest criterion, so this behavior of the United Kingdom did not surprise the people present.

   "If they still want to join, what price are they willing to pay?"

Lagarde sneered twice, and questioned in her sharp voice, "After we have formed a rescue mechanism and each country has allocated a corresponding amount, they will propose to join this rescue mechanism. I want to ask them What exactly do you want to do, do you plan to enjoy the existing rights without paying any money?"

   "It's not impossible to join, but in terms of the amount, we need to have a good discussion!"

  The German Finance Minister also said, "We must reach a consensus on this number."

   Naturally, the implication is to put pressure on Britain as a whole. After all, such an opportunity is really rare.

  Hearing such words, the face of the British Minister of Finance who participated in the meeting immediately darkened, his lips muttered for a while, and he wanted to say something, but he still restrained himself.

  The successive statements of France and Germany basically set the tone for subsequent statements. Immediately afterwards, Italy, Spain and other countries expressed that they should implement certain punitive measures for Britain's previous practice of abandoning the countries, otherwise it may not be a good thing to join this alienated partner.

  "Before I came, Prime Minister Brown suggested that the parliament allocate part of the funds as a reserve fund for the euro rescue mechanism, and I believe it will be approved soon."

  The British Finance Minister had to bite the bullet and stood up and said, "The figure I can disclose is that this fund is larger than the figure allocated to us by the EU before. The extra part is our sincerity."

After conducting a survey of the financial system, the British Prime Minister was shocked to find that the British financial system has no way to independently resist the debt crisis. If the debt crisis does occur and the European Union sits idly by, the pound is likely to collapse, repeating the 1992 crisis. that scene. After weighing the left and right, the UK has no choice but to hold its nose and choose to join the euro rescue mechanism here.

   Naturally, they have to endure "blackmail" from other European countries.

   "Twenty percent is our bottom line!"

   As soon as his voice fell, Lagarde raised **** and said to the British finance minister expressionlessly, "This is the consequence of punishing the UK for inconsistency."

   She deserves to be a ruthless character, and she gave Britain 20% of the share as soon as she opened her mouth. You must know that the 20% share is worth tens of billions of euros.

   Not long ago, the United Kingdom has just passed a fiscal austerity plan to cut 6 billion pounds. Compared with this plan to reduce fiscal expenditures, the United Kingdom has to pay more for rejoining the European Union.

   "10%, no more!"

  The British Minister of Finance finally couldn't help it, and pointed a finger at Lagarde, "This is our bottom line, and we are already very sincere."

   "No, the number of 20% cannot be changed!"

   Lagarde immediately retorted, "Otherwise, when there is a crisis in the UK, let you solve it yourself!"

   I have to say that the repeated attitude of the United Kingdom has at least proved one point, that is, if a crisis occurs, England cannot solve the problem on its own. Everyone here is well aware of this.

   This is exactly why Lagarde insisted on more than 20% of the share.

   "So, there is nothing to talk about?"

The pupils of the British Minister of Finance shrank instantly, and his face became unkind. After staring at Lagarde coldly for a while, he suddenly smiled and asked the German Minister of Finance, "Where is Germany? I don't know what you are." Opinion?"

   "One and a half!"

The German Minister of Finance, who had been silent for a long time, glanced at the two people who were facing each other, and then said slowly, "The two sides will make a compromise. The British side will increase the share by 15% on the basis of the original negotiation, so that everyone will be happy. How about it?" ?”

"you…"

Unexpectedly, at this time, Germany chose to sing the opposite tune. Lagarde was so angry that she almost burst into tears, but when she saw the other party's calm posture, she suddenly realized something, and immediately said coldly, "So Say, London has been connected to Berlin?"

"good!"

  The German Minister of Finance has no intention of denying it at all, and directly admitted, "Not only have we discussed it with us, but also Rome, Madrid and Lisbon!"

   Thank you very much for the book friend Dragon Soul-Xingchen's monthly ticket and a big reward! Thanks to book friends Ziwu, nuts, JFS810 for voting monthly! It’s not easy to write these few days. Fortunately, I rushed out before ten o’clock. I hope more book friends can actively support it. Everyone’s support is the author’s greatest motivation. Thank you very much!

  (end of this chapter)