Chapter 255 Taking over the Hungarian Central Bank

Seryozha's large-scale investment behavior created a large number of jobs for the Soviet Union. At the same time, because of the huge demand for the Eurasian natural gas pipeline, it brought large orders to the heavy industry with the largest proportion and the largest number of employed people in the Soviet Union. Almost overnight, some large factories in the Soviet Union were operating at full capacity.

It is said that investment, export, and consumption are the three carriages that drive the economy. In Seryosha's view, large-scale financial stimulus has indeed brought immediate results. However, this effect can only be short-lived if there is no follow-up policy to cooperate.

Because of the large number of orders brought by the Eurasian natural gas pipeline project, the heavy industry can finally temporarily get rid of the state of loss. But if there is no guidance, once more zombie factories resume production capacity, the current achievements will soon be suppressed again. In order to maximize the benefits of his investment, the factories selected by Sergey Shale are all powerful large-scale state-owned enterprises, such as the Ural Heavy Machinery Factory. And the steel mills and other enterprises affiliated to those local autonomous prefectures simply don't even think about getting orders. Seryozha would let them continue to fend for themselves.

With a large number of unemployed people regaining their jobs, the purchasing power of the entire economy is also gradually increasing. In the Soviet Union, because the country is too vast, it is not very difficult for most people to obtain land, and the appearance of board-built houses has reduced the cost of housing to a negligible level. Many young people who are not eligible for housing allocation are no longer waiting for those unattainable apartment-style houses. They can choose to buy a piece of land in the suburbs and build a board-built house as their own home. Although this kind of housing still has such and such shortcomings, but after all, there is a place to settle down, so many young people who have worked for several months have their own first house. Although this kind of residence is really a bit too simple.

Thanks to Seryozha's intervention, the situation in the Soviet Union was slightly better than most countries in Eastern Europe. Although color revolutions have taken place in Eastern European countries, and the government has lost power one by one, Eastern Europe is still a forbidden area for investment for those large Western consortiums and capitalists. The level of inflation here, huge foreign debts, and emerging The stability of the regime has always kept Western investors in awe. Who knows if the Communist regime will make a comeback and nationalize their investment after they invest here? Even if this possibility is only one percent, it is enough to make Western investors regard Eastern Europe as a forbidden area for investment.

As a traveler, Xie Liaosha did not have such worries. With the initial success of the Colombian bank and shock therapy in Poland, more and more Eastern European countries began to turn to the Columbian bank after failing to turn to the West for help. Jeffrey Sachs has been traveling around Eastern European countries since he was employed by the Bank of Colombia, trying to persuade politicians in Eastern European countries to accept the reform plan of the Bank of Columbia. In addition, Walesa, who has tasted the sweetness of reform, has also become a supporter of the Bank of Colombia. As a politician who has fought against the regime for nearly two decades and won the Nobel Prize, Lech Walesa has a good reputation in Western and Eastern European countries. Naturally, his words carry some weight.

Judging from the current situation, the Democratic Germany with the strongest economic strength among Eastern European countries is flirting with the Federal Republic of Germany, and the reunification of the two Germanys has been put on the agenda. Except for East Germany, a country with rich twin brothers, Poland is naturally the vane of reform among all countries. First of all, Poland is the country with the largest land area among the countries, and it is also the first country where the color revolution occurred and succeeded. The new policy adopted by Poland after the reform will naturally become the object of imitation by Eastern European countries.

As negotiating opponents, Hungary and Czechoslovakia do not have much advantage. Hungary is almost an agricultural country. Except for its famous wine and bauxite, everything else is useless. However, Czechoslovakia still has some room to bargain with the Colombian bank because of the existence of the Skoda factory.

As a neighboring country of Poland, Czechoslovakia and Hungary have noticed and are anxious about the changes in Poland's economic situation in the past few months. If after the transition of power, the emerging government cannot reverse the situation and improve the economy thoroughly, then what is the significance of their reforms? It is precisely because of this sense of urgency that they are actually more anxious than Columbia Bank.

Because Czechoslovakia might split into two independent countries, Mikhail first focused the negotiations on Hungary. As a negotiating party, Hungary's situation is not very good. It has no negotiating conditions that can be negotiated, and whether it has any rich resources. Therefore, the Hungarian government has almost completely accepted the reform conditions of the Bank of Colombia.

According to the requirements of the Bank of Colombia, the Central Bank of Hungary must also be managed by the Bank of Colombia, and at the same time stop issuing new Hungarian national bonds immediately, while the issued national bonds will be repaid by the Bank of Colombia. As the other party in the negotiations, the Bank of Colombia promised to stabilize the Hungarian economy before the end of the year and reduce the current level of inflation in Hungary to a safe level. At the same time, it will also guarantee to reduce the current unemployment rate in Hungary. Under the pressure of the urgent reality, the Hungarian authorities happily signed the cooperation agreement, which means that after Poland, another country in Eastern Europe was bought by a private bank from the United States.

The Western investment community was very shocked by Columbia Bank's large investment in Eastern Europe. It is not unprecedented to buy a country with a private bank. The historically prominent Rothschild family once contracted the Central Bank of the United Kingdom and became the British central bank. The big creditors, and the Morgan consortium once pulled the United States back from the brink of bankruptcy by itself. But when this scene happened again at the end of the 20th century, people still inevitably regarded the Columbia Bank as another transnational consortium after Rothschild and Morgan.

Columbia Bank’s large investment in Eastern Europe also surprised the U.S. government. They hoped that Columbia Bank could cooperate with the U.S. government’s national strategy in Eastern Europe. However, as an unlisted private bank, the U.S. government and even the shareholders behind Columbia Bank are No one can find out, because the controlling party of Columbia Bank is registered in the British Virgin Islands and Panama. As for who is the controller behind these two countries, unless the British Virgin Islands and Panama amend the banking laws, the US government has no way at all. Learned.