As the end of August approaches, the air over Europe is becoming increasingly tense.
Since August 15th, the major EU member states have frequently held closed-door meetings. Although outsiders did not know what they said at first, before and after each meeting, the financial leaders of European countries
The heavy look on his face as he waited for a long time meant that something big was about to happen.
By the end of the month, everyone had heard some news one after another.
Greece
This time the problem is Greece
Although there are still a few months left in 2009, the financial situation for this year is basically clear.
In European and American countries, unlike Japan, March is the financial settlement period every year.
I don’t know where the EU got the news. They heard that Greece’s debt far exceeded EU regulations, and that in November at the end of the year, they had a large loan that had to be repaid.
The loan amount is 6.5 billion euros, but the Greek government's account only has 8.3 billion euros. This money also includes various expenditures for the remaining three months of this year. It is not enough to repay the loan, and even these expenditures may not be enough.
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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, "Is Greece about to face a 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 page three girls, right?
"News of the World" is the Sunday edition of "The Sun". Any "Sun" published on Sunday will be renamed "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 separate, but people generally regard "News of the World" as "News of the World".
Just the Sunday edition of The Sun.
Despite the fact that "News of the World" only publishes one issue a week, it is the highest-selling newspaper in the UK, with more sales than "The Sun" on an ordinary day.
As for the reason, it is that it often publishes many interesting news, scandals, gossip, etc. that are not found in other newspapers, which attracts the audience’s favorite.
In fact, the "News of the World" in the previous life went crazy because it tasted the sweetness of this. It created its own without scandals and gossips. As a result, it ended up being condemned by people all over the world, and Murdoch had no choice but to close it.
Canceling the publication will make the News of the World disappear forever.
The current "News of the World" was born out of this period of self-created gossip scandals. Seeing that there was such explosive news in Greece, their reporters immediately rushed over and bribed Greek government officials, Greek bank officials, etc.
Wait, and finally get what they want.
This time, the "News of the World" did not lie, because the real situation was very eye-catching.
"According to insider information, Greece's government fiscal deficit is likely to reach 13% of its GDP this year, and its public debt to GDP ratio is as high as 113%. As we all know, the EU has concerns about these two
There are strict regulations on the data in this regard. Among them, the fiscal deficit must be at most 3%, and the public debt must be less than 60%. However, Greece’s deficit has reached the alarming level now.
Greek officials admitted that the Greek government's financial situation has now reached a very dangerous point. Their accounts in the Ministry of Finance are already less than 5 billion euros. At the end of October, the government had 3.3 billion euros of debt to repay, and by November it was 3.3 billion euros in debt.
There is a debt of 4 billion euros, 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 hole be filled?
One of Greece's top three banks has confirmed to us that they have received a request for assistance from the Greek government. It is said that the top three banks have received such requests, and the total amount of loans required will exceed 20 billion euros, which is beyond the capacity of Greek banks.
It seems that it will be difficult for them to raise this huge sum of money
Why is Greece where it is today? We have to start from a few years ago, when the Greek government was trying to join the EU. In order to successfully meet EU standards and enter the EU, which is more secure and more prosperous, Greece, which was originally unqualified, became
They found Goldman Sachs in the United States to make false accounts. They falsely increased their income, and then falsely reduced their debts. The result of this was that Greece successfully joined the EU, but their debt problems have been covered up.
Underwater. Then it developed and increased, and finally reached the point where it cannot be concealed at all.
Do you think this year’s debt is Greece’s biggest crisis? You’re wrong. Let me tell you that Greece’s debt of more than 70 billion euros is about to mature in the year after next year. That will be the most difficult time for Greece after all.
The European economic development has been stagnant in the past few years, and for a country like Greece that is completely uncompetitive, it is even more dangerous, right?"
All right.
The last thing that exposed the grudge between the Greek government and Goldman Sachs was Xiao Qi who found someone to expose it.
Although Xiao Qi and Goldman Sachs have had a lot of cooperation, just as Xiao Qi would definitely add insult to injury when Goldman Sachs was in crisis, Xiao Qi had never considered a giant like Goldman Sachs as a friend.
The oil bet with Goldman Sachs is only one aspect, and the revelation of Goldman Sachs’ shady story in Europe is also another aspect.
Even senior officials in China revealed that Goldman Sachs's credit default swap insurance was disclosed by Britain, France and Germany. This was Xiao Qi's move against Goldman Sachs.
Not only Goldman Sachs, but also the two major banks of Morgan Stanley and other investment banks. Their troubles in Europe were also revealed by Xiao Qi to the governments of various countries through senior officials in China.
Xiao Qi spared no effort in order to crack down on this giant that was making trouble all over the world.
Otherwise, before Fairy Bank fully grows up, an overly powerful investment bank will be a threat to Xiao Qi.
The sign of Fairy Bank's growth should be when Fairy Company took over most of the commercial territory in Asia with the tentacles of Fairy Company.
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 suddenly became famous, throughout Europe and even the world.
People began to pay attention to this crumbling country.
This is not a period of war, and it is impossible for a country to perish.
But it is very likely that it will go bankrupt, just like Iceland last year.
But Iceland only has a population of over 300,000 and a land area of 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 will not have to worry about food and clothing at all. Can you Greece do that?
Therefore, the debt crisis in Greece is far more serious than that in Iceland, and the consequences are also much more serious.
The European Union has been focusing on dealing with the debt crisis in Greece during this period. Considering Greece's tough stance some time ago, everyone knows that there are already signs of a debt crisis.
However, just when everyone is worried about Greece, Greece is still insisting that it has enough ways to raise money to solve the debt crisis.
They feel that although Greece is currently facing difficulties, the entire country's system is still very sound and the economic direction has not changed significantly. The problem can be solved by borrowing and increasing government bond investment transactions, etc.
Watching the TV, the Greek leader was beaming with joy, so Xiao Qi turned off the TV directly.
These guys usually deceive voters a lot, and now they even deceive themselves.
If Greece's problem was so easy to solve, how could it happen that it could not get out of the crisis for so many years?
Some things are not judged by what people say, but by how they act.
Greece is a generally lazy country. How can it possibly have good means to solve the various ills accumulated over the past few decades?
It was the same in the previous life. If the EU hadn't been bailing out Greece, they would have collapsed long ago.
But even at that time, Greece was not ashamed to receive aid while lambasting the EU for interfering in their economy.
In Chinese terms, this is how hypocritical a bitch is.
Now that journalists have opened up this hole, the next step should be the expected joint strangulation by the three major rating agencies in the United States, right?
Even though the EU has made a lot of preparations, Greece simply doesn't buy it. So this time they will not be able to escape the trap carefully designed for them by the Americans.
A trap designed seven or eight years ago is being harvested today. Americans are indeed very patient.
Of course, if the U.S. subprime mortgage crisis had not broken out, the U.S. might have been able to 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 naturally the United States wants the European Union, the world's second largest economy, to suffer along with it.
Weaken the EU and the decline of the United States will be less noticeable.
After finishing the European Union, the next step is to harvest Japan, South Korea and China.
This is the wishful thinking of the Americans.
They really did it in their previous life.
It was obviously the Americans who made the mistake themselves, but in the end the whole world helped them pay the bill.
The most unbelievable thing is that when the financial and manufacturing industries around the world are wailing, it is the United States that is the first to regain its vitality and the economy is on the rise.
But it can’t be like this in this life.
With Xiao Qi here, let the EU and the United States go and kill each other.
It just happens to give China a few years of good development opportunities. To be continued.