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"Please think again." Blunt wiped the cold sweat from his broad forehead with a handkerchief.
"Over the past 100 years, BNP Paribas has been the third largest bank in the world for more than 100 years, and we have survived two global financial crises, and I believe that this time we will be able to survive safely. And BNP Paribas will never forget every benefactor who has been with us in times of crisis. ”
Blunt said this so skillfully that he could not remember how many people he had said it to in the past three days. After 20 years of working at the bank, he only felt that three days were the most difficult three days of his life.
This time, the financial investigation was extremely difficult, and the Ministry of Justice only needed to continue digging in this direction with the information obtained at the hearing.
As soon as the news of the investigation came out, the shares of Paris, Harlem and Swiss Union began to fall sharply, and some cautious customers who smelled the crisis said that they wanted to withdraw their deposited funds, in fact, the number of people who came to withdraw money has increased significantly in recent days, and there have been signs of a run.
But for the three banks who are tired of coping with the investigation, the losses in the stock market have left them too much to care about, so they can only try to refute the rumors on the one hand, and secretly contact other banks to borrow money on the other side, hoping to survive this crisis.
It's just that as the saying goes, if you are not afraid of god-like opponents, you are afraid of pig-like teammates. Just as the three banks joined forces to resist desperately, a shocking piece of news spread that the chairman of UEG had sold all his shares and disappeared with a huge sum of money.
At first, people's reaction was disbelief, and United Energy immediately stood up to refute the rumors, but the most critical chairman himself has never appeared in public. Then, a news report about a massive sell-off in United Energy's stock three days ago appeared on the front page of the EU's largest newspaper, the Global Daily. The report discloses details of the circulation path of the shares, the number of transactions and even the inflow of funds into offshore banks.
At first glance, it is clear that the person who wrote this report has definitely done in-depth investigation, and there is also internal information provided by high-level people in UEG. Even if the original owners of these shares are not mentioned in the report, as long as it is combined with the previous rumors
The immediate response to this answer was the collapse of United Energy's stock. By the end of the day, the stock of United Energy, which was originally worth 260 billion, had evaporated 100 billion in a single day. Although the momentum of the decline slowed down the next day, it still evaporated the market value of 70 billion. Such a terrifying downward momentum stunned everyone, and some speculators who originally planned to buy the bottom were also frightened, and if this momentum continues, I am afraid that in a few days, there will be no difference between United Energy stock and waste paper.
Of course, there is a way to prevent this from happening, and that is to declare bankruptcy before UEG declars bankruptcy.
Of course, the miserable situation of United Energy cannot be enjoyed by one family, and people think of the hearing, in which the three banks involved indirectly confirmed the accusation of 3.3 billion yuan. More than one energy company was exposed in that hearing, and five other stocks, including BNP Paribas, Harlem, UBS, Rheinland Energy Group and Hunetta Energy, began to plummet when they were implicated in UEG.
Out of pessimistic expectations for the stock market, both ordinary savers and large corporations flocked to the three banks, and a nightmare run began.
And the one who really made the crash turn into a crash of the entire stock market was the chairman of the Rheinland Energy Group. On the morning of the second weekend after the stock crash began, he was found in his study and committed suicide by swallowing a gun.
After hearing the news, the chairman of BNP Paribas, an old man in his 70s, did not react much, but calmly submitted a bankruptcy petition for BNP Paribas at the same time as the stock exchange opened on Monday. In contrast, the others were not as gentlemanly as the old man.
The chairman of the board of directors of the company climbed to the top of his group's office building and accidentally fell down after looking at the scenery for a full hour. As for why it must have been 1 hour, because a cigar that had been almost finished was dropped from the drop on the rooftop.
Coincidentally, a very similar thing happened to the CEO of UBS on the same day, with the slight difference that he was half an hour later than the chairman of Hunetta Energy, because he used to smoke a cigar that burned for one and a half hours.
The Harlem bank didn't choose the same approach as the chairman of United Energy, but unfortunately his luck was not so good. Two days after the incident, he was spotted by a shrewd tabloid reporter at Munich International Airport, then detained by airport security and sent back to Paris on the same day by agents from the Security Investigation Service.
For several days, the gates of banks were crowded with people who came to withdraw money, but the day after the chairman of Rheinland Energy committed suicide, all three banks closed at the same time. The reason was that at the request of the Central Bank, business was suspended for 3 days for asset liquidation. Such behavior deepened the suspicion and panic of the public, and the run began to spread to other banks.
It was the darkest Monday in the history of the continent and the beginning of a financial catastrophe.
The collapse of the three energy giants has made it difficult for many midstream and downstream companies to survive, but these are not very difficult problems to solve, and the EU government will never sit idly by and watch the collapse of the domestic energy market, inject capital, mergers and acquisitions, and restructure these means Capitalism has been very skillful for more than 200 years, but it is not clear how long the bureaucratic drag will make this process last.
However, the rupture of the capital chain of the three major banks does not only affect the banks themselves, but also tears off the capital chain of the entire EU credit market.
According to the regulations, if a bank is unable to pay off its debts after filing for bankruptcy, the savings customer can only get back the part of the reserve fund in accordance with the proportion prescribed by the state. The EU Central Bank's ordinary reserve ratio is 12%, which means that customers can only withdraw 12% of their original deposits.
In an instant, the wealth of countless people shrank dramatically. This is a major blow to the individual, but it is a devastating disaster for the system as a whole.
The continuous development of the capitalist free market has made people accustomed to the life of loans, such as college tuition loans, home purchase loans, car loans, and even credit card overdrafts, and the bankruptcy and liquidation of banks has suddenly left countless people with nothing overnight.
This is especially true for enterprises, which borrow from banks, from small restaurants and convenience stores to large multinational corporations and even governments. The bankruptcy of the EU's largest banks will be fatal to the EU's economic foundation.
It is important to know that in the credit market, banks occupy a central and important position. Now that this core is broken, the 62 trillion sword of Damocles has finally fallen. The EU's vast financial system began to collapse like dominoes that had been toppled down at an unrethinkable rate.
The EU republic is finally beginning to taste the bitter fruits of its greed.
The stock exchange collapsed, countless shops, companies, and factories were forced to close, a large number of rich people were impoverished overnight, and a large number of middle classes went bankrupt. The unemployment rate has risen from 5.3% to 27% in just two weeks, and even at the height of the economic crisis in the past, the EU's unemployment rate never exceeded 12%.
No one expected that the deterioration of the situation would be like a cancerous cell, coming so fiercely and spreading so quickly. The shocks caused by the financial earthquake caught the unprepared EU by surprise.
The streets are filled with homeless people, angry, grief-stricken and anguished demonstrators stand at the gates of the government, and the police officers responsible for maintaining order are listless.
The government hopes that the financial community can collectively stand up to save the market, but the collapse of the 62 trillion credit market who dares to blindly throw money into it? The amount of horror is comparable to a black hole. The financial community, which has been hurt at the root, is counting on the government to pay for their losses, selectively ignoring that the government of the Republic is still burdened with a fiscal deficit of 1.3 trillion yuan, and is on the verge of a government shutdown crisis.
In fact, the EU government and the financial community did not intend to sit on the sidelines, and the upper elites were more or less aware of the crisis when the financial investigation was conducted. It is a pity that the government has always dragged its feet, and politicians of different parties are accustomed to attacking each other and dragging their feet for no reason, while many people in the business community have the idea of taking advantage of the fire to rob, and many powerful competitors are considering using this opportunity to pull these giants down. All this deprived them of their worst chance.
At this time, no one paid attention to the great exodus of millions of soldiers and civilians staged by the Black Knights in District 11, and no one cared about Balklai's triumphant march all the way to Moscow in Eastern Europe, even the Bunitanian Empire that fought against it.
Everyone is watching the situation in the EU closely, and Schunezel, who was originally sitting in Moscow himself, can no longer sit still, compared to the gains and losses of small Eastern Europe, the empire itself is the root of everything.
In the third week of the start of the financial crisis, the Republic of the EU issued a rescue plan, asking banks and other private institutions to agree to provide a loan of 100 billion yuan before the 232nd year of the revolutionary calendar (2021 of the imperial calendar) to bail out enterprises that had been developing benignly, with the loan maturing for seven and a half years and an interest rate of 4.5%.
At the same time, the government also announced the auction of the first batch of 8 billion, 10-year government bonds. Unfortunately, the EU government's assessment of the situation was too optimistic, and in the end, only 6 layers of government bonds were sold. As soon as this news came out, the EU's government bonds were sold off by the market, and the 10-year bond yield soared to 0.3%, and the crisis spread further.
France, Spain, England and some Mediterranean states have been the hardest hit areas, and the number of suicides due to bankruptcy has skyrocketed.
Four weeks after the start of the economic crisis, a huge mushroom cloud rose in Moscow, and the 50,000 Free Army that first stormed Moscow was reduced to ashes along with the city. The remnants of the Imperial Army retreated to the shores of the Bering Strait in Siberia, and Schunezel had quietly returned to the imperial capital to deal with the financial shock.
Whether it is new weapons or the situation in Eastern Europe, it has not attracted the attention of the world. Because on the same day, something shocked the world in the Republic of the EU.
The German state declares its secession from the EU republics.
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Well, upon request, Rena is also out on camera. As for the progress of the dead Akid, let's watch the development of the theatrical version and round it in an extra way.
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