Chapter IV Group of Thirteen

12 o'clock EST.

Federal Reserve Chairman Alan Allingspan made a public speech: In view of the signs of a global recession, the Federal Reserve will decide to cut the discount rate by 0.5 basis points on the 15th of this month.

Like a bomb detonated in an instant, with the news of the Fed's interest rate cut, the world's well-known media organizations also hyped up the report.

[Daily Mail]

The Federal Reserve cut interest rates, anticipating that the global economy will enter a cycle of interest rate cuts, and I believe that the European Community will make more concessions in Germany in this negotiation.

[The Times]

The Fed's interest rate cut marks a certain downward cycle in the global economy, and in view of the continued downturn in the European economy in recent years, it is necessary for the Bundesbank to make the right choice.

On the morning of the same day, major European newspapers interpreted the Fed's interest rate cut as the United States' concern about the European economy, and a more loose monetary policy to prevent a possible economic downturn.

Because the 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 the balance, is tilted on the interest rate cut.

With the news pouring around the world, Germany seems to have no other choice, and if Deutsche Bank continues to stick to its current interest rates, it will become a public enemy of Europe.

"Schlesinger, why do you insist on the current interest rate when Germany is not going to cut interest rates? Now that 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 rate? God, do you understand economics?"

London time, nine o'clock.

Norman Lamont seized on the Fed's statement and media opinion and snarled at Schlesinger.

It is already clear that even Americans are worried about the current economy in Europe, and Deutsche Bank is about to assume the responsibilities of the European Central Bank, and there is no reason why it should not cut interest rates.

Lamont's ferocity sent a flash of disdain in the eyes of French Finance Minister Michel Sapan, who, like Schlesinger, hated Lamont's omniscience.

Margaret Thatcher's privatization of the reforms gave the British economy a temporary stimulus like a drug, but now the stimulus has shown all the toxicity of the past, and if he really understands everything, as Lamont said, how can Britain have weakened to this point.

No one knows the economy better than I do!

Hehe, is it true that Britain is still the empire on which the sun never sets?

Idiot the same thing.

However, it is one thing to despise and dislike, and quite another to do it.

Today's Germany is too strong, it is not a good thing for France, if you can use this to force Germany to make concessions, then France's position in the ECU will inevitably improve one step further, not to mention, it is Germany that makes concessions, and it is also the interests of the Germans that are harmed, so why not do it.

"Mr. Schlesinger. I very much agree with Mr. Lamont's suggestion that the United States has made concessions because it is aware of the crisis that the European economy is about to face, and what are you still insisting on?"

People always have a herd mentality.

This kind of conformity has been likened to the herd effect.

With Lamont's aggressiveness and Sapan's aggressiveness, Italian Finance Minister Giovanni Giuseppe Goria's eyes suddenly rolled.

There is nothing worse than a strong neighbor, right next to France, and in some ways, Italy and France are closely related, and economically, Germany's interest rate hikes, while not affecting France, have made Italy feel enormous, even worse than the UK's.

In recent years, Italy's fur business, due to changes in the Soviet market, has been declining in sales, and the interest rate differential with Germany has caused a lot of capital to flow out of Italy.

Compared with the Bank of England's foreign exchange reserves, Italy's foreign exchange reserves are only 5 billion, and its ability to resist risks is much worse. Goria didn't even dare to think about what kind of crisis would be caused if things were to happen in Finland in Italy.

"Honorable Mr. Schlesinger. I also agree with Mr. Lamont's suggestion. If what happened to Finland were to happen again, it would be a huge disaster. ”

"Your Excellency Schlesinger. I ....."

Interest rates!

Interest rates!

As if it 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, and you Germany are going to be the European Central Bank, so why not cut interest rates.

So, Schlesinger was almost blown up.

Can't you fools see that this is a conspiracy of the Americans? They cut interest rates to get you to 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 stubble, but since the Americans have given a push, for the benefit of their own country, why not push it.

A pair of eyes stared at Schlesinger, and under the gaze of a pair of eyes, the angry Schlesinger directly shook his hand and walked out of the venue.

Damn shit-stirring sticks.

For Britain, Schlesinger hated it very much.

Fifty years ago, it was Britain who stood on the opposite side and plunged Germany into a split, and fifty years later, it was this damn shit-stirring stick that undermined the pattern of European unity.

And Italy, which is simply a pig teammate.

Fifty years they dug a hole in the back, and now they are jumping out to dig a hole.

A bunch of idiots.

Helkisin, Finland.

Shen Jiannan stopped Qina Kanoski's waist and walked into the bank's VIP room in a dashing manner under the eyes of the president of the Postal Savings Bank looking at the flies.

Now that the mark's price has been locked, it is natural that it is time to redeem the pledged US Treasury bonds.

There is always a contrast to chic, just as happiness is always based on the pain of others. Looking at that oriental face, the president of the Postal Savings Bank was like a stool in his throat, disgusted and hated.

But what can he do, the rules of the game are there, and he has no way at all.

In the shortest possible time, the two sides settled, and when Geman repaid the mark he had borrowed from the bank, the bank president did not want to stay longer for a moment, and found a reason to walk out of the reception room.

The tepid sun hung high in the sky, shining on people's skin and making people feel more comfortable, and he buckled his sunglasses with his 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're such a bitch! Do you have to piss all the Finns to death?"

"No, no, I love Finland. ”

Qina Kanovski couldn't help but roll her eyes, but a touching smile appeared on her face.

She fought in her heart and loved her lover's shamelessness and bastard.

Men aren't bad women don't love, are they?

But thinking of the recent news in the newspapers and on TV, the smile on Qina's face couldn't help but pause.

"My dear, the recent news is very bad for our position, and if the German bank chooses to cut interest rates, then we may have to bear a huge loss. ”