The joint rescue plan of the European Union and the International Monetary Fund has really been launched, and a total of 110 billion euros in loans will be provided to help Greece get out of trouble.

The conditions for the loan are very harsh, requiring strict control of the government budget, cuts in public sector salaries, reduction of welfare expenditures, tax increases, freezing of pension payments, and prohibition of early retirement.

The past Greek government was really stupid and its enforcement was too weak, which led to tax evasion and tax evasion everywhere. For example, Greek law stipulates that houses with swimming pools must pay super property taxes, but whenever tax officials come to investigate, they

Just find a piece of tent cloth and cover the swimming pool, and you can get away with it. As a result, the tent cloth is always sold out every tax audit season. This kind of thing will be impossible in the future.

However, this is only a superficial request, a rhetoric that can maintain the dignity of the Greek government.

There is something even more stringent behind the scenes.

For example, Greece's power system, railway system, mining system, lottery system and other pillar industries are all in the hands of the state, and they are all state-owned enterprises. The EU requires them to sell them to private individuals quickly and use the money to pay off debts!

Even the country is about to go bankrupt, and we still need shitty state-owned assets. Sell them quickly!

So who will buy it?

In addition to domestic private enterprises, of course, these are the countries that have spent 110 billion euros to help Greece out of trouble, including Germany, France, Finland, Denmark in the Eurozone, and the United Kingdom, the United States, Canada, and South Korea from the International Monetary Fund.

Japan and other countries.

In short, as long as it accepts this loan contract that is humiliating and humiliating the country, Greece will almost lose its financial sovereignty within 5 years of the terms of the contract.

In 2012, the price of Greek bonds fell sharply again, causing losses to international capital. What should we do? The answer is to let Greece bear the responsibility.

The EU requires Greece to maintain the stability of bond market prices and requires Greece to repurchase bonds from the market on a large scale at a price of 35 euro cents to 1 euro.

This act directly increased the price of Greek government bonds by more than seven times, making international capital a lot of money, but it caused misery for the country's banks and financial institutions.

When Greece issued national bonds, domestic financial companies were mainly the ones who took over the bonds. They bought the bonds in full at a price of 1 euro for 1 euro as a long-term investment.

This is great, it was forced to be repurchased at a price of 35 euro cents to 1 euro.

International hot money is different. They all buy it at a low point. The buying price may be only 8 euro cents or 15 euro cents. If Greece launches a buyback program, it can directly earn several times.

It is simply a gluttonous feast for world capital to carve up the wealth of Greece.

Finally, in 2015, the five-year contract expired. The Greek people couldn't bear it anymore, so they ousted the heads of government and replaced them with a radical nationalist president who refused to renew the contract with the EU!

They have tricked us so badly in the past few years, I don’t want to play anymore!

What a bullshit national debt! I won’t pay it back!

The Greek president at the time did not dare to make a rash decision, so he held a national referendum and let the whole people decide. The Greeks had been screwed so badly in the past five years, so of course they opposed the renewal of the contract.

Then, for the first time in history, a developed country defaulted on its debt, and the first liquidated damages reached US$1.6 billion.

The outcome can be imagined.

Greeks can't even eat, they can't even refuel, and the country's most important shipping industry can't run anymore.

After persisting for less than a month, Greece knelt down in front of the EU and said that it was willing to renew the contract. Germany’s Iron Lady also disagreed. If you say you don’t want to renew the contract, you won’t renew it, but if you say you want to renew it, you will renew it? How can this be so?

Good thing? Then more stringent terms were issued. If you want to get the loan again, you have to sign a more stringent contract.

Greece has no choice but to vomit blood and accept it.

That was a real tightening of belts by the people across the country, and they finally paid off the loan in 2018. In 2019, Greece issued a new round of 30-year government bonds, which finally became 1 euro for 1 euro. The Greek bond market was

Finally resurrected with full blood.

The whole process of the Greek crisis was very dangerous.

Once the Greeks are stubborn and refuse to accept the terms of the EU, the country of Greece will certainly be doomed. It will transform from a mainstream country to a peripheral country, and the same international capital will also suffer losses.

The most critical core is Greece’s attitude.

Greece surrendered and endured the pain for a few years. It survived and is still one of the most developed countries in the world, and international capital can also make huge profits. But once Greece gets tough and is desperate, it will break up.

Zhou Buqi also made some misjudgments in this matter.

He once thought that the EU and Greece were on the same side.

Then I realized that something didn't seem right.

In this overall situation related to global economic stability, the EU and the United States are on the same side.

Because in the following days, the EU held a new round of finance ministers' meeting and announced the establishment of a rescue mechanism totaling 750 billion euros to help euro zone member states that may be in debt crisis to prevent the spread of the Greek debt crisis and ensure

The euro is stable.

This 750 billion euros is mainly used in three directions.

First, stabilize the entity and provide loans to operating enterprises;

Second, to stabilize finance, the European Central Bank will purchase large-scale government bonds of euro area member states from the secondary market to stabilize the bond market;

Third, cooperate with the Federal Reserve to conduct swaps between euros and U.S. dollars.

This third item is especially important.

The swap between the euro and the U.S. dollar means that the United States has to help the EU bear part of the euro risks. Why does the United States do this? It must be because the EU has promised the United States huge benefits.

The market reacted cheerfully that day. Global financial markets surged. Even the Greek stock index rose by 10%. This was especially true for the bond market.

Senior Sister Zhen Yu was so confused that when she called Zhou Buqi, her tone was weak and she said, "Boss Zhou, I want to admit my mistake to you."

Zhou Buqi was currently attending the launching ceremony of a local cloud data center in Toronto, Canada. It was nominally for work, but in fact he had never been to Toronto. He went there with Ning Yaxian, Ning Yameng, and their children.

travel.

The Ning sisters are reasonable, each is gentler than the other, and they always give people the greatest satisfaction.

Especially the son and daughter he gave birth to are the eldest babies of the Zhou family.

After receiving a call from Senior Sister Zhen Yu, Zhou Buqi didn't care and said with a smile: "Lossed again? It's just a loss. I've already said that the US$600 million is to pay your tuition."

"No...no loss, I made money."

"Make a profit? Well, yes, the financial market is booming recently."

Zhen Yu said sadly: "Boss Zhou, I should reflect on this. I should trust you more. I should have 10,000% trust in you."

It's daytime here in Toronto. Zhou Buqi is holding his son in his arms. He, Yaxian, Yameng, and the security team are visiting the zoo to see the gorillas captured from Africa. When he heard this, Senior Sister Zhen Yu understood

Meaning, he smiled and said: "Buy less?"

Zhen Yu said softly: "Well, it's less. I only bought a total of 400 million US dollars. Originally... I thought I would wait and see, maybe it would fall. Unexpectedly, after the meeting, the price skyrocketed.

It’s too late to buy it now.”

"How much has it increased?"

"The price of Greek government bonds due in 2017 rose to 22.19% of the face value, and the price of the government bonds due in 2023 rose to 20.19% of the face value."

"The price has increased to more than 20 euro cents? How many times that is?"

"Well, my average buying price is 7.8 euro cents, which is an increase of nearly 3 times. The buying price was US$400 million, and now it's worth US$1.2 billion."

Senior Sister Zhen Yu's tone was weak, somewhat regretful.

Zhou Buqi smiled and said: "Making money is not the purpose, learning is. Senior sister, the most important thing is that you can participate and experience the feeling of rolling in the waves in this thrilling wave of international finance."

Zhen Yu said softly: "Yes, I'm really tumbling. I haven't had much rest in the past half month. I'm so worried."

"You can't rest well? How can this be done? There is a lack of men around you, so empty?"

"screw you!"

"I'm sorry. I'll go find you in a few days. Then we can have a good time."

"casual."

Zhen Yu is a little shy about such harsh words. She is with Boss Zhou and doesn't have many demands for sex, so she is relatively cold in this regard.

After ending the phone call, Zhou Buqi hugged his son and continued to walk in the park. This boy was tiger-headed, his little eyes were rolling, and he was full of curiosity about the world. His daughter seemed not interested in these strange animals and was already lying on the child's bed.

Fell asleep in the stroller.

Ning Yameng was beside her, gently holding his arm, and asked with a smile: "Brother-in-law, have you made money again?"

"Well, hundreds of millions of dollars."

"so much?"

"It's not much. The hundreds of billions of euros in national debt are just like a splash."

Having said that, Zhou Buqi doesn't know how to spend the money he has earned. If he wants to eat well and look good, it is best to spend the money in the EU and do some public welfare undertakings.

Well, football doesn’t make money, so this thing can be considered a charity, right?

Ning Yaxian was pushing a stroller aside, "By the way, I've seen the girl recommended by Chen Yan."

"Oh, how are you, Mr. Chen's relatives?"

"fine."

"Um."

Zhou Buqi nodded.

Ning Yaxian said softly: "But there is a little problem, it's weird."

"What's wrong?"
To be continued...