On November 2, the media throughout Europe mobilized and condemned the Papandreo government, and although the Greek parliament approved the decision, the announcement of the joint French and German threat to remove Greece greatly shocked the Papandreou authorities.

This pressure has not only greatly irritated the Greek authorities, but the opposition parties have also jumped out to make trouble, openly claiming that the statements made by the Prime Minister's Office are not in line with the facts, and that their parties are not opposed to the new rescue plan of the EU and the IMF.

At the same time, they also hinted that the ruling party's actions are essentially shirking responsibility and pushing the entire Greek country to the brink of leaving the eurozone and going bankrupt. In the statement, they also said that a vote of confidence in the incumbent president would be held in parliament to determine whether Papandreou would remain in the post of Greek prime minister.

Under internal and external difficulties, for a time the Papandreou government fell into a deep crisis.

But this was not the end of the story, and later the French and German governments made a joint call for Papandreou to arrive in Cannes, France, tomorrow to discuss the question of Greece.

Because their itinerary had already been arranged, it was impossible to shirk the G20 summit for the sake of Greece, so Papandreou had to sacrifice his own itinerary and rush to Cannes to meet with them.

Although it is said that this is a kind of summons, it is not diplomatic etiquette. But in this case, France and Germany can no longer care so much, and even if Greece has any grievances, they can only be put aside for the time being, after all, for now, the most important thing is to solve the problem, and everything else is trivial. It's not worth thinking about at all.

And on this day of world chaos, Zhong Shi and Jiang Shan also came to Cannes.

Cannes is a town in the south of France, located on the coast of the Alpes, close to the Mediterranean Sea, with beautiful beaches and a pleasant climate. It is a famous tourist destination in Europe and a social place for international celebrities.

In addition to being a tourist destination, another reason why Cannes is famous all over the world is its film festival. Originally designed to compete with the Venice Film Festival, the Cannes Film Festival, held every year in May, has gradually become one of the largest film festivals in the world, and its highest award, the Palme d'Or, has become a heavyweight award comparable to the Oscars.

Today, in addition to tourism and culture, Cannes has gradually developed into a high-tech powerhouse. One of them, the largest science and technology park in Europe, Sofia Science Park, is located near Cannes.

"Life here is so laid-back!"

At the open-air restaurant by the sea, Zhongshi enjoyed the beef stewed in Cannes while blowing the warm sea breeze. I couldn't help but admire, "Not only is the scenery beautiful and the climate pleasant, but the pace of life is not fast." Swimming and walking the dog in your spare time, and going to the sea to bask in the sun from time to time, your body will become very good after staying here for a long time. ”

"Yes, and good food!"

Jiang Shantou, who was burying his head in fighting with salted and dried cod, replied without raising his head. But then he complained, "It's just that the price of the hotel is too expensive." But if you can buy an apartment here. It was nice to come here for a holiday in your free time. ”

"Be content!"

Land Rover, who had only eaten a few bites of pudding stall eggs, wiped his mouth and said to Jiang Shan with a smile, "It's good here, but I don't think it's any different from Lamma Island." Maybe it's because you've just seen this view, so there's a fresh feeling. But I can assure you that in the eyes of the locals, these views are nothing more than ordinary. ”

"Isn't the so-called tourism just to see the scenery that others are tired of seeing?"

Jiang Shan smiled and retorted indifferently. "Lamma Island is not bad, and it is not bad here. But I've seen enough of the scenery of Central and Lamma Island, and it's time for a change. ”

"What, homesick?"

However, Zhong Shi heard the meaning of Land Rover's words, and couldn't help asking, "It's been a long time since I came out this time, and it's normal to be a little homesick." Why don't you go back tomorrow, and we'll go back in two days, what do you think? ”

In fact, with the announcement of the referendum in Greece, the Tianyu Fund has played a role in the layout of this event, in addition to the short positions in the euro, stock indexes, etc., traders have frantically swept into the global market in the past two days, and have made up eighty percent of the short positions, and the future positions will be completed tomorrow, so up to now, Zhongshi's purpose has basically been achieved.

If it weren't for the G20 summit, Zhong Shi would have planned to fly back to Hong Kong a long time ago.

"That's not what I meant!"

Land Rover hurriedly waved his hand and said, "I have a very bad premonition that something may happen in the next two days." I can't tell where that feeling comes from, but ......"

He lowered his voice and said to Zhong Shi, "There have been unidentified people moving around us for the past two days, and I suspect that our movements have been monitored. ”

"Really?"

Zhong Shi subconsciously looked up, but only saw a leisurely scene, people enjoying the comfort of the evening, and there was no one with ulterior motives nearby.

"Are you dazzled?"

After repeatedly making sure that there were no suspicious people around, Zhong Shi asked suspiciously, "Or is it an occupational disease?" The G20 meeting is going to be held here, and it can be said that it is one of the most heavily guarded places on the entire planet, and I am afraid that the bodyguards of those leaders are patrolling around, and you mistakenly think that it is aimed at us, right? ”

"Perhaps."

Land Rover tilted his head and thought about it again, feeling that what Zhong Shi said also made sense. So he stood up, paced around for two steps, and inadvertently used several anti-investigation methods, but he also found no one with ulterior motives, and immediately reluctantly put his mind at ease.

"Hehe, I think he's too cautious for professional reasons!"

Jiang Shan, who had been immersed in feasting, finally raised his head, wiped the oil stains on his mouth, and said disapprerovingly, "If something happens in this kind of place, it won't be for us, after all, there are more people here than our honorable status." They don't bother with a small role like ours. ”

Indeed, although Zhong Shi is also one of the top figures on the planet, compared to the leaders of the G20, Zhong Shi's identity is undoubtedly much inferior.

"By the way, what are we going to do next?"

Jiang Shan knew very well how important the Greek matter was to Zhong Shi, although he was a little unimpressed. But since it was Zhong Shi's decision, he could only reserve his opinion, "After separating from the capital of the United States, does our investment have any direction?" ”

"I don't know yet!"

Zhong Shi put down his knife and fork, took a sip of his wine glass, wiped the corners of his mouth, and then said methodically, "If my guess is correct, this crisis in Greece should be resolved quickly." The rhetoric of France and Germany was far more hawkish than I expected. I don't think the Greek government will be able to withstand this kind of pressure under these circumstances. ”

"In the coming period, the US side may no longer have the incentive to toss Europe. In preparation for next year's presidential election, the US may have to work with a strong stimulus package to revive the economy and regain the trust of voters. In Europe, the debt crisis has been hit hard for a while, and it is unlikely that the growth of the European economy will accelerate in the short term. How long this situation can persist will determine the next policy direction in Europe. Personally, I think. There is a very high probability that the ECB will introduce QE in the future. ”

"What else?"

Unconsciously, Jiang Shan also put down the knife and fork. Tilting his head and listening carefully, he also asked his own question, "The debt crisis is unlikely to be resolved in the short term, Italy and Spain are now in full swing, and international rating agencies are eyeing them." Of course, in order to preserve the integrity of the eurozone. The ECB and the ECC are certainly not going to sit idly by, and I couldn't agree more. But if there is a QE policy, won't they try to lower interest rates beforehand? ”

Usually in monetary policy, the common way to release liquidity is to lower interest rates, reverse repo, etc. The latter effect lasts only for a certain period of time, usually within a few weeks. It is to deal with unexpected situations. Lowering interest rates, on the other hand, is considered to be a longer-term monetary policy than the latter, with a time limit ranging from a few months to a few years.

"It's hard!"

Zhong Shi shook his head and directly denied Jiangshan's question, "Although in terms of policy formulation, lowering interest rates takes precedence over quantitative easing, but under the premise that the world is desperately releasing liquidity, low-cost funds can be obtained everywhere, in this case, the effect of ECB in reducing interest rates can be said to be minimal, and there is a great possibility of falling into a liquidity trap." It can be estimated that if the reduction of interest rates is ineffective, the ECB will soon introduce a QE policy. ”

"For a normally recovering economy, lowering interest rates can indeed stimulate economic development for a period of time, and there is no need for follow-up measures. However, in Europe, where unemployment remains high, the stimulus from lower interest rates may not be very effective, and there is a risk of capital outflow. Although the implementation of the QE policy will inject liquidity into the entire market and carry the risk of inflation, for Europe, even the negative interest rate policy of additional reserves may not be enough to release liquidity in the banking sector. So I think a QE policy in Europe is imperative. ”

"However, the length of implementation and the extent of capital release will depend on the development of the current debt crisis. As it stands, the situation in Ireland and Portugal has largely stabilized, and in two to three years they will be able to get out of their current predicament. But for an unstable Greece, even if this crisis is over, it is difficult to say whether a similar situation will occur in the future, the country's citizenship is too evil, and it is completely a group of spoiled children. ”

"Of course, these are not possible in the short term, so we can take advantage of this time to take a good vacation, and relaxation is the priority."

After talking for a while, Zhong Shi finally changed his words and finally answered Jiangshan's first question.

“……”

Jiang Shan suddenly laughed dumbly.

The two talked and laughed, and soon the food on the table was swept away.

For Zhong Shi, he has now gotten rid of the shackles of the Americans, and he is naturally in a good mood, and the settlement of Tianyu Fund on various investment varieties is also tending to end, so he has no pressure at present, and he wants to take a good rest after slacking off.

"Buzz ......"

At this time, the mobile phones in the arms of the two rang in unison. After glancing at each other, the two of them took out their phones at the same time, and a push message about Greece appeared in front of their eyes.

"How did you admit it?"

After reading it, Jiang Shan grinned and said, "After only two days of insistence, the Greek government announced that it would abandon the idea of a referendum, which is really a bit too weak." ”

"Faster than I thought!"

Zhong Shi's face also showed a disdainful expression, but he did not mercilessly ridicule the other party like Jiang Shan, but just said lightly, "It is estimated that after such a toss, Papandreou, the prime minister, may not be able to sit for long." ”

Indeed, after only three days of backstagnation, Papandreou's popularity among the population has plummeted, and opposition MPs are ready to launch a vote of confidence in him in an attempt to remove him from power.

"I'm not going to quit!"

Before flying to Cannes, Papandreou told reporters. (To be continued.) )

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