Chapter 16: The Impact of Interest Rate Differentials ()

While Hong Kong was catching its breath in the heat of nearly 35 degrees, Finland, a country in the north of the earth, ushered in a cool midsummer with an average temperature of less than 20 degrees Celsius and all kinds of revelry.

Because winters are always long and cold, people here are always enthusiastic about the short summers, and most Finns spend the Midsummer Festival in their holiday cottages away from the city with family or friends, and those who stay in the city gather for parties.

Some people go to music festivals that range from jazz, blues, rock, opera to chamber music, some like to sail between the coastal islands or enjoy a slow life in a summer cabin, and some people will hold a newspaper and lie on a deck chair on the beach, basking in the sea breeze and sun, and reading the newspaper while sipping a beer.

For Finns, life is always about enjoying life in moderation.

However, these are all in the past.

With the downturn in the stock market, the downturn in the real estate market and the contraction of export trade, hundreds of thousands of people have suddenly lost their jobs, making it difficult for many to enjoy the comfort and enthusiasm that summer brings.

There is no way, although the world is very big, but the wallet is dry, and if you want to go and see it, you will have more than enough heart and not enough power.

Helsinki, Manehi Mother Road.

Mika Hakkinen bought a few newspapers from the newsstand and read them as she walked.

He was a technician at the Saiula Paper Mill, but the paper produced in the factory was mainly exported to the Soviet Union, with the drastic changes in the Soviet market, the business in the factory has been greatly reduced in recent years, and under the deterioration of the business situation, the boss had to choose to reduce the number of employees to avoid the bankruptcy of the enterprise.

Unfortunately, Mika Hakkinen became one of the employees who was laid off.

He had a daughter and a son to support, suddenly lost his financial resources, and although he still had some savings, he had to hurry up and find a new job.

It's just that Mika Hakkinen's process of finding a job did not go well, his skills were learned in paper mills, and the entire country's paper industry was violently hit by the deterioration of the Soviet market, and many factories had a large backlog of products, and even went bankrupt. Coupled with the continuous decline in the securities market, the desertion and deterioration of the real estate market, Mika Hakkinen did not find a suitable job for a month.

Nibbling on the bread he was holding, Mika Hakkinen found a bench by the side of the road and sat down, he had already made plans to go to work first, no matter what kind of work, even if it was abroad. Otherwise, if you sit on the empty mountain, I am afraid that the savings you have saved before will soon be exhausted.

Morning Post, one of Finland's largest media newspapers, often publishes job postings in addition to news about Finland's economy, current affairs and hot news.

Eating the bread in his hand, Mika Hakkinen habitually flipped through the newspaper to the end, looking for job information in it.

Recruiting chefs, classrooms, administrative staff... Trucker......

With a pen in hand, Mika Hakkinen went back and forth on the job postings to find a job that suited him. But unfortunately, after looking at it from beginning to end, he didn't find a job that suited him.

A little irritable turned the newspaper upside down, and Mika Hakkinen suddenly felt even more irritable.

A familiar cover character occupies a fifth of the paper's space.

Governor of the Bank of Finland, Anning.

Picture news: The central bank decided to cut the benchmark interest rate by 0.5 percent from June 20.

It's all financial and data news.

According to the Ministry of Statistics, in the second quarter, the national unemployment rate increased by 5 percent to 15 percent.

GDP growth fell by 6.8 percent, down 2 percent year-on-year.

Economist Ge Ning said that the securities market is related to the healthy development of enterprises and has an important impact on economic development, and according to the current domestic economic environment, it is hoped that the central bank can intervene in the market and stabilize the stock market that continues to decline in turn.

It's all bad news, and Mika Hakkinen is in no mood to look any further, especially the central bank's decision to cut interest rates.

If the bank lowers the benchmark interest rate, it means that the money deposited in the bank will reduce the income by 0.5 percent, and now the income from the loss of work has been cut off, and the bank interest is getting less and less, which is simply terrible.

"These damn incompetent bastards!"

Mika Hakkinen's heart was irritated and he couldn't help but curse indignantly, but he didn't even know whether he was scolding himself for his incompetence or for scolding Gunin's bastard.

Bell Bell Bell –

A hurried phone rang suddenly, it was Mika Hakkinen's phone with him, and he casually threw the newspaper aside, and he pressed the call button with a frown.

"Mika. It's me, Davis. ”

Jarry Kovalenen, like Mika Hakkinen, used to work at the Saiula paper mill, but a year ago, he was fired and had no choice but to look to Western Europe for more opportunities.

"Oh. Davis, long time no see. How do you remember to call me. ”

"It's been a long time, and I miss the days we worked together. Mika, how are you doing now? ”

"It's terrible, I'm unemployed and looking for a job now. ”

"I'm sorry. This is really sad news. ”

"Are you okay in Germany?"

"Not bad. This time I came to you just to tell you about an opportunity to make money. Did you know that not long ago, the Bundesbank raised the deposit rate by 0.8 percent at one time, and the annualized return can reach 6 percent? I think we can take the money to a bank in Germany and deposit it. ”

"What? 6 percent annualized return? Really?"

"Of course it's true. I've deposited all my money in Deutsche Bank last week, Mika, you should hurry up and do the same, this is really a good opportunity. ”

“......”

Soon, the two chatted for a while and hung up.

Mika Hakkinen had an excited look on her face and made up her mind.

Deutsche Bank is the largest commercial bank in Germany, and there will certainly be no risk in depositing money into it.

Compared with Finland's current annualized income of only 1.5 percent, depositing 300,000 yuan into Deutsche Bank can earn 4.5 percent more per year, that is, more than 13,000 yuan.

That's a lot of money, and there's no risk.

Without further hesitation, Mika Hakkinen casually threw the newspaper in the trash and strode towards the Bank of Finland.

There is never a real secret in the world, and when a message reaches another person's ear, it will soon be conveyed to another person's ear.

Click, click, click......

London, UK, Geman Investment Management Limited.

The fax machine was clicking incessantly, and one document after another was printed out in ink.

Soon, a tall, middle-aged woman with blond hair collected the printed documents and knocked on the office of the general manager of the company.

In the office, Qina Kanovski held the phone in her hand, her whole smile trembled, and as her assistant put the papers on the table, she held the phone around her neck and grabbed the papers to look at them.

A line of enlarged font neatly arranges at the top of the document, with the title: Beware of the Crisis of Depreciation of the Finnish Mark.

Author: Shen Jiannan.