Vol 5 Chapter 4: Group of 13


   Eastern time, twelve o'clock.
   Federal Reserve Chairman Alan Elinspan spoke publicly: In view of the signs of recession in the global economy, the Federal Reserve will decide to lower the discount rate by 0.5% on the 15th of this month.
   is like a bomb that detonated in an instant. With the news of the Federal Reserve's interest rate cut, well-known media organizations around the world also carried out publicity reports.
  【Daily Mail】
   The Federal Reserve cut interest rates, and it is expected that the global economy will enter an interest rate cut cycle. I believe that the European Community will make more concessions in this negotiation.
  【The Times】
   The Fed's rate cut indicates that the global economy has a certain downward cycle. In view of the continued downturn of the European economy in recent years, the Bundesbank must make the right choice.
In the morning report, major European newspapers interpreted the Fed’s interest rate cut as the United States’ concerns about the European economy and a more accommodative monetary policy to prevent possible economic downturns. Many analysts believe that Germany, as the core of the ECU, is necessary for the European Communist Party. The development of the body makes more concessions.
  Because of this G13 meeting, in addition to discussing the issue of European harmony, the goal of the alliance also includes the establishment of the European Central Bank.
   The general trend, like a balance, is tilted on the interest rate cut.
   With overwhelming news spreading around the world, Germany seems to have no other choice at all. If Deutsche Bank continues to insist on the current interest rate, it will become a public enemy of Europe.
   "Schlesinger, what reason does Germany have for not cutting interest rates? Now even Americans are worried about the future of Europe's economy because of the situation in Northern Europe. Why are you still insisting on the current interest rates. God, do you understand the economy?"
   London time, nine o'clock.
   Norman Lamont grabbed the Fed’s statement and the media’s public opinion, and roared at Schlesinger.
   Things are very clear. Even Americans are worried about the current economy in Europe. Deutsche Bank is about to take over the responsibility of the European Central Bank. Why not cut interest rates?
   Lamont’s aggressiveness caused a trace of contempt in the eyes of French Finance Minister Michel Sapin. Like Schlesinger, he also hated the omniscience expressed by Lamont.
Margaret Thatcher’s privatization and reforms gave the British economy a short-term stimulus like taking drugs, but now the stimulus has shown various toxicities in the past. If it really is like Lamont said, he knows everything. How could it become weak to this point.
  No one understands economics better than me!
   Ha ha, is it really the empire that the sun never sets in Britain?
   Something like an idiot.
   However, it's one thing to despise disgust, it's another thing to do it.
Today’s Germany is too strong, and it’s not a good thing for France. If it can force Germany to make concessions, then France’s position in ECU will inevitably improve again. What’s more, it’s Germany that made the concession and it hurts the interests of the Germans. Happy but not for it.
   "Mr. Schlesinger. I very much agree with Mr. Lamont's suggestion. The United States is aware of the crisis facing the European economy and has made concessions. What are you still insisting on?"
   People always have a herd mentality.
   This kind of conformity is compared to the herd effect.
   Following Lamont's aggressiveness and Sapan's aggressiveness, Italian Finance Minister Giovanni Giuseppe Goria's eyes suddenly turned.
There is nothing worse than a powerful neighbor. Close to France, in some respects, the economies of Italy and France are closely related. Economically, although Germany’s interest rate hike did not affect France, it made Italy feel huge. The pressure of the country is even worse than the situation in the UK.
   In the past few years, the Italian fur business has been affected by changes in the Soviet market, and sales have been declining. The spread with Germany has caused a lot of capital to flow out of Italy.
   Compared with the foreign exchange reserves of the Bank of England, Italy's foreign exchange reserves of only 5 billion, the ability to resist risks is much worse. Goria didn't even dare to think about what kind of crisis would happen in Italy if things happened in Finland.
   "Honorable Mr. Schlesinger. I also agree with Mr. Lamont's suggestion. If the situation in Finland is staged again, it will be a huge disaster."
   "Your Excellency Schlesinger. I..."
   rate cut!
   rate cut!
   As if they had been discussed, all the finance ministers present demanded that Germany cut interest rates.
  The reason is particularly sufficient.
  The Americans have cut interest rates. You want to be the European Central Bank in Germany, so why not cut interest rates?
   So, Schlesinger was almost blown up.
   You idiots, don’t you see that this is an American conspiracy? They cut interest rates to let you force Germany to cut interest rates.
   Can't you see it?
  The guy who can be the Minister of Finance, which one is a good one, but since the Americans have given him a push hand, why not push one for the benefit of their own country?
   A pair of eyes stared at Schlesinger, and under the gaze of a pair of eyes, Schlesinger walked out of the venue directly with a furious hand shake.
   Damn stirrer.
   For England, Schlesinger hated it very much.
   Fifty years ago, it was Britain who was on the opposite side, which caused Germany to be divided. Fifty years later, it was this damned shit-chucking stick to destroy the unification of Europe.
   There is also Italy, who is simply a pig teammate.
   In fifty years, they dug a hole from behind, and now they jump out to dig a hole.
   A bunch of idiots.
   Finland, Helkisin.
   Shen Jiannan stopped Qina Kanowski's waist with a grip ~EbookFREE.me~ In the eyes of the president of the Postal Savings Bank of China looking at the fly, he walked into the bank's VIP room.
   Now that Mark’s price comparison is locked, it is naturally time to redeem the mortgaged US Treasury bonds.
   There is always a contrast in this thing, like happiness is always based on the suffering of others. Looking at the eastern face, the president of the Postal Savings Bank of China was like pooping in his throat, disgusted and hated.
   But what can he do? The rules of the game are there, and he has nothing to do.
   In the shortest possible time, the two parties settled, and when German repaid the mark that he borrowed from the bank, the bank president didn't want to stay for a while, found a reason and walked out of the reception room.
   The lukewarm sun hangs high in the sky, which makes people feel more comfortable when shining on human skin. He buckled his sunglasses backhand and glanced at the sun in the sky. Shen Jiannan raised his eyebrows.
   "Baby. They don't seem to welcome us!"
   "My dear. You are such a bitch! Do you have to off all the Finns?"
   "No, no, I love Finland."
  Qina Kanowski couldn't help but roll her eyes, but her face couldn't help but a startling smile appeared.
   She beats her heart, loves her lover's shameless and bastard.
   Men are not bad, women do not love, do they?
   But thinking about the recent news in the newspaper and on TV, the smile on Qina's face can't help but stop.
   "Dear, the latest news, but it is very unfavorable to our position. If the German Bank chooses to cut interest rates, then we may have to bear huge losses."
  
  
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