Li Jiatao smiled silently, drank Tieguanyin green tea, and quietly admired the beautiful ice beauty in front of him.

"What does Mr. Li think about the international foreign exchange market today?" Su Erdie's voice sounded softer than before, which could also be Li Jiatao's illusion.

"Does Miss Su have any investment funds on hand?" Li Jiatao's heart moved, if it was really as he expected, it would be really sleepy, and someone would send a pillow, which was simply beautiful.

"There are some, but not many." Su Erdie didn't think that Li Jiatao's question was outrageous, but immediately replied.

"If Miss Su can mobilize 10 billion funds, she can call the wind and rain in today's international foreign exchange market." Li Jiatao's eyes lit up.

Su Erdie glanced at Li Jiatao lightly, which made Li Jiatao's heart flutter, and quickly reminded himself to be sober.

"Personally, I think that the European exchange rate system may see big fluctuations this year, especially the pound, which is likely to face the danger of collapse." Li Jiatao smiled slightly, and suddenly stopped when he said this.

Pan Fengqing blinked her big charming eyes, and was listening energetically, when she saw Li Jiatao suddenly shut up, she couldn't help but be so angry that she glanced at him fiercely. But he glanced at Su Erdie, who seemed to be thinking, and immediately lowered his head very interestingly.

Li Jiatao was a little surprised in his heart, Pan Fengqing is also a strong woman, she is not afraid of heaven and earth, how can she be afraid of Su Erdie?

"It seems that I have to re-evaluate the energy of the woman in front of me." Li Jiatao reminded himself in his heart.

"Why the pound?" Su Erdie frowned and seemed to say to herself, "You know, the Bank of England, the biggest pillar of the British financial system, has extremely rich market experience and strength. ”

Li Jiatao was happy in his heart, but he said quietly: "It seems that Miss Su is deliberately going to take the school examination for me?" ”

Su Erdie glanced at Li Jiatao noncommittally, but there was some kind of expectation in his eyes.

Li Jiatao smiled and said slowly: "The British political axe made a mistake in deciding the year before last, that is, to join the new monetary system created by Western European countries, the European exchange rate system. ”

"You mean ERM?" Su Erdie's cold face finally moved slightly.

Li Jiatao nodded: "Because the European exchange rate system will enable the currencies of Western European countries to no longer pin gold or dollars, but pegged to each other; Each currency is only allowed to float within a certain exchange rate range, and once the prescribed exchange rate fluctuation range is exceeded, the central banks of each member country have the responsibility to intervene in the market by buying and selling their own currencies to stabilize the exchange rate of their currencies within the prescribed range; Within the prescribed exchange rate fluctuations, the currencies of member countries can float relative to the currencies of other member countries, with the Deutsche Mark as the core. Long before Britain joined the European exchange rate system, the exchange rate between the British pound and the Deutsche mark had stabilized at the level of 2.95 marks per pound sterling. But Britain was in recession at the time, and joining the European exchange rate system on the condition of maintaining such a high exchange rate was extremely expensive for Britain. On the one hand, it will lead to Britain's dependence on Germany, and it will not be able to act boldly to solve its own economic problems, how to raise or lower interest rates, and promote the depreciation of its own currency in order to protect its own economic interests; On the other hand, it is doubtful that the Bank of England will be able to maintain its high exchange rate sufficiently. ”

While Li Jiatao was talking, Su Erdie's slender jade hand full of aura had already picked up a green ballpoint pen on the coffee table, and from time to time wrote something in the blank space of the fashion magazine.

"Just yesterday, the 12 member states of the European Union signed the Maastricht Treaty. As a result of this treaty, some European currencies such as the pound sterling and the Italian lira are obviously overvalued, and the central banks of these countries will face enormous pressure to cut interest rates or depreciate their values. In the event of market turmoil in these countries, will Germany, as a core country, sacrifice its own national interests to help these countries? At the end of Li Jiatao's elaboration, he raised two most critical questions, which made Su Erdie frown, and even a slender jade hand had already raised a delicate chin, which was an extremely tempting action!

"There's some truth to what you're saying." Su Erdie nodded rarely, and his small lips relaxed a little, erasing a stunning scenery, "When the British economy has been in a recession for a long time and is in a difficult situation, it is impossible for the UK to maintain a policy of high interest rates, and the only feasible way to stimulate its own economic development is to lower interest rates." But if Germany's interest rates are not lowered, and the UK unilaterally cuts them, it will weaken the pound and force Britain to withdraw from the European exchange rate system. ”

"Miss Su has a good eye." Li Jiatao laughed and complimented Su Erdie a little, "The European exchange rate system will be difficult to maintain coordination due to the economic strength of each country and its own national interests." As soon as some of the "chains" that make up the European exchange rate system are loosened, some speculators will take advantage of the situation and attack these loose "chains", while other trend followers will also follow the wind, making the exchange rate more volatile, and eventually relying on the wind-chasing mechanism will be much greater than the market can accept them, until the whole mechanism is destroyed. ”

"You have a point." Su Erdie's eyes looked at Li Jiatao with a hint of appreciation, and his voice softened a little, "But there is a very key variable in this, that is, whether the German Bundesbank will sit idly by and watch the crisis of the pound sterling." ”

Li Jiatao only groaned slightly, and replied in a very affirmative tone: "With the collapse of the Berlin Wall in November 1989, many people thought it was a new one. A united Germany will rise and prosper rapidly. Personally, however, I believe that the new Germany will inevitably go through a period of economic constraints as a result of the reconstruction of the former East Germany. Germany will pay more attention to its own economic problems and will have less time to help other European countries through economic difficulties, which will have far-reaching economic and monetary implications for other European countries. ”

After a pause, Li Jiatao said very confidently: "Therefore, I personally believe that when the pound is in crisis, the German Bundesbank will inevitably reject the request of the UK to cut interest rates because of the fear that the interest rate cut will lead to domestic inflation and may cause economic collapse." ”

Pan Fengqing sat on the side as if listening to a book from heaven, nodding frequently as if she didn't understand.

"Su Erdie has finally met her opponent." As everyone knows, Pan Fengqing was very gloating in her heart at this time, and she actually felt a little satisfied. As a beautiful and confident strong woman, Pan Fengqing often compares herself with her cousin Su Erdie, but the more she compares, the less confident she has!