Chapter 3 Praying Mantis Catches Cicadas
The wind and the sun are beautiful, and the sky is cloudless.
The towers are tall, the tops are pointed, the windows are embedded in stained glass, the walls are carved with sculptures, and the green lawns are everywhere, and the pale yellow Roman-style buildings are sandwiched between the red maple trees, which has an elegant atmosphere.
Parallel to this and more often a post-Gothic style, architecturally called neoclassicism, the most striking difference between the two is in the upper frames of the doors and windows, the former being pointed and the latter rounded. This new style is unique to England and has its origins in Bath, where it has survived best.
The whole town exudes an elegant beauty, surrounded by a clear river, and you can feel the leisurely nature of the place at any time.
However, no matter how good the scenery is, it also needs a corresponding mood to appreciate.
"No one understands economics and politics better than I do, and now that interest rates in Germany are putting us under great pressure, the collapse of the Finnish mark is just around the corner, and oh my God, it's terrible. If Germany continues to insist on the current interest rate, it will bring a huge crisis to the Union, Schlesinger, have you considered what the consequences of Germany keeping the current interest rate will bring to the Union?"
"Your Excellency Schlesinger. I think Mr. Lamont has a point, that interest rate differentials are putting us under tremendous pressure right now, and the crisis in the five Nordic countries is just around the corner, and you can't just watch us face the same crisis. ”
"Mr. Schlesinger, I hope that Germany will be able to take the position of a central bank to deal with the challenges of the ECU monetary system. ”
“......”
In a manor house near the Abbey Chapel, where the finance ministers and central bankers of the thirteen countries gathered, and as British Finance Minister Lamont took the lead in asking the most pointed questions, Turkey and France joined in, the quiet and elegant hall suddenly descended into an unusually fierce quarrel.
If someone from the outside world can see this situation, I am afraid that they will be stunned and stunned, who would believe that in front of the public, there are personable finance ministers and central bank governors, all of whom are like shrews who are splashing and rolling.
Where can a person quarrel with more than a dozen mouths, under the gaze of a pair of eyes, Schlesinger felt very uneasy, and his first reaction was to leave the venue. He cherished the independence of the German Central Bank, for which he had worked throughout his career. He hated political pressure, especially from a group of foreigners.
What disgusted him the most was Lamont's tone and attitude, the arrogance and arrogance, as if Britain was the leader of the meeting, not Germany.
No one knows politics and economics better than you?
That feeling, I'm not as good as you.
Damn it.
You are begging me now, not me.
Believe it or not, Germany can now kill you scucum with one finger?
Damn shit-stirring sticks.
For Lamont, Schlesinger felt a special disgust, that kind of arrogance and domineering, where it seemed to be begging for someone, it was like giving orders.
Schlesinger was disgusted with Lamont's arrogance, and Lamont was fed up with Schlesinger's assertiveness and disregard for the overall situation, and the collapse of the Finnish mark was just around the corner, and the reason behind it was that Germany imposed a discount rate of 8.75 percent, which caused a serious outflow of Finnish capital.
If Germany continues to maintain strong interest rates and the mark strengthens, it will put a heavy pressure on the British economy, which is already burdened.
Damn the Germanic people, who gave you the courage to be so strong in front of the great British Empire.
Bang –
Lamelle was furious by Schlesinger's silence, and he slammed a slam on the table and stood up, glaring at Schlesinger's eyes with hatred, his golden hair moving in the wind.
"Schlesinger. Twelve finance ministers are sitting here, asking you to lower interest rates. Why don't you agree?"
Damn shit-stirring sticks.
If it weren't for what you did back then, how would the German Confederation be separated, how could it be facing such high inflation now, and Italy, which is simply a pig teammate, has more than enough success and more failure, and you can't let you work, you will be the first to benefit.
Abominable, really abominable.
Lamont's strength made Schlesinger want to scold his mother, but thinking of the conversation with Cole, he could only force himself to calm down.
Looking at the persecuted eyes of the people around him, Schlesinger took a few deep breaths and finally calmed down.
"While I'm not going to cut rates, I also see no reason for Germany to continue raising rates right now. ”
“......”
Eventually, a heated quarrel was temporarily halted by Schlesinger's relenting, and as everyone rested, the media, who had been waiting for a long time, blocked Norman Lamont at the gate of the manor, who was about to go to dinner.
There are reporters from the Sun, there are reporters from the Times, there are reporters from the Daily Mail, and there are reporters from the Wall Street Journal..... It can be said that reporters from many well-known media organizations in Europe and the United States have come, and no one can guess what kind of impact the results of this meeting and negotiation of the European Community will have on the European economy.
Long guns and short guns surrounded Norman Lamont in the center, and in the face of the reporters' rambling questions, he straightened his tie, tucked his blond hair, and straightened his body.
"No one understands economics better than I do. Now we need lower interest rates to stimulate inflation, the ECU is the monetary system that the EC has been pushing together, and I persuaded His Excellency Schlesinger, who also said that Germany would choose to back down and not raise interest rates again. ”
In some ways, Lamont was right.
From a strategic point of view, it is the right choice for Germany to choose to make concessions now, which will not only continue to maintain the healthy development of ECUs, but also allow the United Kingdom, Italy and other economically troubled countries to escape the crisis of massive capital loss.
In fact, it was Lamont who persuaded Schlesinger, and it was his request that Schlesinger chose to back down on behalf of Germany, saying that he would not continue to raise interest rates.
That's enough to be proud of.
You know, in July, the other six countries asked Germany to stop raising interest rates, but Germany did not waver at all and raised interest rates by 1.5 basis points.
But now the attitude of the Germans has softened.
Life must be happy, don't make the gold bottle empty to the moon.
Having defeated Germany's strong position, Norman Lamonton was in high spirits, and at this time, it was time not to have a drink.
Night, coming.
The bright moonlight rose high into the sky, and the bright moonlight shone on the elegant and beautiful town of Bath, adding a touch of hazy beauty to the whole town.
In a villa by the river, Norman Lamont invited Carlos Solchaga, the Spanish finance minister with whom he had always been a good friend, to sit on a chair by the river and sip a glass of wine.
After a few glasses of wine, a look of sadness appeared on Carlos Solchaga's face.
Spain's industry itself is underdeveloped and less risk-tolerant than that of the United Kingdom, and what happened in Finland, Norway and Denmark is deeply worrying.
He couldn't believe what would have become of Spain if national speculators had sold pesetas in large quantities.
Putting down the wine glass in his hand, Solchaga said worriedly.
"Lamont. Do you think it is possible for us to take Germany one step back?"
"Don't worry, my friend. No one understands the Germans better than I do. Now if they want to dominate Europe's currency, they have to take a step back. Do you say yes? I'll let the media put pressure on Germany. ”
[Daily Mail]
The 13 countries reached a preliminary agreement at the meeting, and the Chancellor of the Exchequer Norma Lamont said that Deutsche Bank is willing to choose to back down for the stable development of ECU, and Deutsche Bank President Schlesinger said that Germany will not choose to continue to raise interest rates in the near future.
ECU is an exchange rate system unanimously established by the European Community, which is related to the economic development of the whole of Europe and the fate of tens of millions of families in Europe.
I believe that for the healthy and stable development of ECUs, Germany will make the most correct choice.
[Wall Street Journal]
Under pressure from the 12 countries, Deutsche Bank President Schlesinger said that Germany has no reason to raise interest rates again, and British Chancellor of the Exchequer Norman Lamont believes that Germany has made the right choice, and that the EC now needs a more accommodative monetary policy to stimulate inflation, rather than a tight monetary policy.
Lamont said he believes that in the follow-up negotiations, Deutsche Bank will make greater concessions.
New York, USA.
Stanley Druckenmiller looked at the newspaper in his hand, and a trace of worry flashed in his eyes.
Now, the Quantum Fund has established a billion-dollar position in Italy and the United Kingdom, which is not good news.
Bell Bell Bell –
The piercing sound of the phone rang suddenly, putting down the newspaper in his hand, Druckenmiller quickly picked up the phone, he knew very well that there was only one person who could call at this time.
His mentor, friend, partner, and boss, George Soros.
Sure enough, as soon as the phone was connected, Soros's voice came from the phone.
"Stanley. Are you worried that Germany will choose to cut interest rates because of political pressure?"
"Yes. If Schlesinger can't withstand the pressure of the 12 countries to cut interest rates, our position will suffer a huge loss. ”
"Nope. I absolutely do not allow this. We have already lost once in Sweden. Not this time. ”
"So what do we do now?"
"Britain can use the power of the media to put pressure on Germany, and we can use the power of the media to put pressure on Germany. You're just ready to go. ”