Chapter 2563 The Prelude to the Debt Crisis

As the end of August approached, the air over Europe became increasingly tense.

Since August 15th, the major member countries of the European Union have held closed-door meetings frequently. Although the outsiders did not know what they said at the beginning, before and after each meeting, the leaders of European countries, With the heavy appearance of the finance minister and so on, he knew that something big was about to happen.

By the end of the month, everyone has already heard some news one after another.

Greece!

This time it was Greece that went wrong!

Although there are still a few months to end in 2009, basically the financial situation of this year is roughly clear.

European and American countries are not like Japan, where the financial settlement period is in March every year.

I don't know where the EU got the news. I heard that Greece's debt far exceeds the EU's regulations, and in November at the end of the year, they have a large loan that must be repaid.

The loan amount is 6.5 billion euros, but there is only 8.3 billion euros in the account of the Greek government. This money also includes various expenses for the remaining three months of this year. Not to mention that it is not enough to repay the loan, even these expenses may not be enough .

Journalists always get what they want.

What's more, the Greek government is full of people who can sell information for money, so on Sunday, August 31, the British "News of the World" published an article, "Greece is about to face bankruptcy crisis? "

You may not be familiar with "News of the World", but if you talk about its other name - "The Sun", you should be familiar with this newspaper that is famous for its gossip news and three-page girls, right?

"News of the World" is the Sunday edition of "The Sun". Whenever the "Sun" is published on Sunday, the title will be changed to "News of the World".

Of course, if you want to say that "News of the World" and "The Sun" are two publications, it is actually not bad, because their editors and reporters are independent, but people generally regard "News of the World" as "News of the World". The Sunday edition of The Sun.

Although "News of the World" only publishes one issue a week, it is the newspaper with the highest sales volume in the UK, which is more than that of "The Sun" on ordinary days.

As for the reason. That is, it often publishes news, anecdotes, scandals, gossip, etc. that are not available in other newspapers, and the audience likes it the most.

In fact. The "News of the World" in the previous life was just because it tasted the sweetness of it, so it went mad, and created it by itself without scandals and gossips. In the end, it ended up being condemned by people all over the world, so Murdoch was forced to close down the magazine. Make the News of the World disappear forever.

The current "News of the World" came out of this period of creating gossip scandals. Seeing such explosive news in Greece, their reporters rushed over immediately, bribed Greek government officials, bribed Greek bank officials, etc., and finally got what they wanted.

This time, "News of the World" did not cheat, because the real situation was very eye-catching.

"According to insiders, Greece's government budget deficit this year is likely to reach 13% of GDP, and the public debt to GDP ratio is even as high as 113%! Everyone knows. The European Union There are strict regulations on these two aspects of the data, among which the fiscal deficit is at most 3%, and the public debt must be less than 60%. Greece's deficit has reached an astonishing level now!

Greek officials admit that the current financial situation of the Greek government has reached a very dangerous situation. They are in the account of the Ministry of Finance. Already less than 5 billion euros! The government had 3.3 billion euros in debt to repay at the end of October, and another 4 billion euros in November! But in the remaining three months of this year, Greece's normal financial expenditure has reached as much as 12.5 billion. How will the huge financial loophole be made up?

One of the top three banks in Greece has confirmed to us that they have received a request from the Greek government for help. It is said that the previous major banks have received such requests, and the total amount of loans required will exceed 20 billion euros! Judging from the capacity of Greek banks, it is difficult for them to raise this huge sum of money!

Why did Greece get to where it is today? We still have it from a few years ago. The Greek government started talking about joining the European Union. In order to successfully meet the EU standards and enter the more secure and richer EU. Greece, which was originally unqualified, asked Goldman Sachs in the United States to make false accounts. Falsely increasing your income and then falsely reducing your debts! The result of this is that Greece joined the European Union smoothly, but their debt problem has been covered up under the water, and then it has grown and increased, and finally it has reached the point where it cannot be concealed at all!

Do you think this year's debt is the biggest crisis in Greece? wrong! let me tell you! In the next year and the year after, Greece will have a total of more than 70 billion euros in debt coming due! That was the most difficult time for Greece! After all, the development of the European economy has stagnated in the past few years. A country like Greece that is completely uncompetitive is even more dangerous, right? "

Ok.

The last thing about exposing the grievances between the Greek government and Goldman Sachs was revealed by Xiao Qi.

Even though Xiao Qi and Goldman Sachs have had a lot of cooperation, but just like when Xiao Qi is in a crisis, Goldman Sachs will definitely make trouble, Xiao Qi has never regarded a giant crocodile like Goldman Sachs as a friend.

Betting against Goldman Sachs on oil is only one aspect, and now that Goldman Sachs' shady business in Europe is revealed, it is another aspect.

There are even high-level officials on the Chinese side who revealed to Britain, France and Germany that Goldman Sachs' credit default swap insurance is Xiao Qi's move against Goldman Sachs.

Not only Goldman Sachs, but also the two major banks of the Morgan family, including some other investment banks. Their troubles in Europe were also disclosed by Xiao Qi to the governments of various countries through the high-level officials of Huaguo.

Xiao Qi also spared no effort in order to fight against this kind of giant who is making waves in the world.

Otherwise, before Fairy Bank fully grows, an overly powerful investment bank will be a threat to Xiao Qi.

And the sign of Fairy Bank's growth should be when the Fairy Company's tentacles occupy most of the commercial sites in Asia!

Not to mention Xiao Qi's intentions, as soon as the "News of the World" report came out, and they dedicated three pages to introduce the Greek debt crisis in detail, the whole of Greece became famous all of a sudden, all over Europe and even the world People began to pay attention to this crumbling country.

Now is not a period of war, and a country cannot perish.

But it is likely to go bankrupt, as Iceland did last year.

But Iceland only has a population of more than 300,000, and its land area is only about 100,000 square kilometers. Can it compare with Greece?

Moreover, Iceland has extremely rich marine resources. Even if the country goes bankrupt, they don't have to worry about any food and clothing. Can you do it in Greece?

Therefore, Greece's debt crisis is far more serious than Iceland's, and the consequences are also much more serious.

The European Union has been focusing on dealing with the debt crisis in Greece during this time. In connection with Greece's tough stance some time ago, everyone knew that there were already signs of a debt crisis.

However, when everyone was worried about Greece, Greece was still stubborn, saying that it had enough ways to raise money to solve the debt crisis.

They feel that although Greece is facing difficulties now, the system of the whole country is still very sound, and the direction of the economy has not changed significantly. The problem can be solved through borrowing, increasing national debt, investment transactions, etc.

Watching the TV, the leader of Greece was beaming with joy, Xiao Qi directly turned off the TV.

These guys deceive voters a lot on weekdays, and now they even deceive themselves.

If Greece's problem is so easy to solve, how could there be a situation where there is no way to get rid of the crisis for so many years?

Some things are not what people say, but how they do it.

Greece is a lazy country on the whole. How can it have good means to solve the various ills accumulated over the past few decades?

It was the same in the previous life. If the European Union had not been helping Greece, they would have collapsed long ago.

But even at that time, Greece was not ashamed to take aid while berating the EU for interfering in their economy.

In the words of Hua Guo, this is how hypocritical a bitch is!

Now that journalists have opened the door, the next step should be the expected joint strangulation of the three major rating agencies in the United States, right?

Even though the European Union has made a lot of preparations, Greece doesn't buy it at all, so they can't escape the trap carefully designed for them by the Americans this time!

A trap that was designed seven or eight years ago, and harvested today, the patience of the Americans is indeed sufficient!

Of course, if it weren't for the outbreak of the US subprime mortgage crisis, maybe the US could stay in Greece for a few more years.

But now the financial crisis in the United States has had a considerable impact on them, so the United States naturally wants the world's second largest economy, the European Union, to be unlucky as well.

Weaken the EU, and the U.S. recession will be less conspicuous.

After finishing the European Union, the next step is to harvest Japan, South Korea and China!

This is the wishful thinking of the Yankees.

They really did it in the previous life.

It was obviously a mistake made by the Americans themselves, but in the end the whole world helped them pay for it.

The most unbelievable thing is that when the financial and manufacturing industries around the world are crying, it is the United States that is the first to recover and its economy is going up!

But this is impossible in this life!

With Xiao Qi here, let the European Union and the United States have a good time!

It just happened to give Huaguo a few years to develop well! (to be continued ~^~)