Seeing that Paulson agreed without hesitation, Jose. Louis regretted in his heart, knowing that the price he offered was too low, but the words he said were like water spilled, and there was no reason to take it back, and now he could only bow his head and swallow the consequences of his inexperience.

Although now Jose. Louis regretted it greatly, but the subsequent development directly caused him to fall through his glasses, and made him realize how naïve and ignorant he was, because Bell Stone and Paulson played with it so big, far more than he could have imagined.

These are the next few words.

CajaSur Savings Bank is a 146-year-old bank in the Zaragoza region that has long supported the economic development of the Zaragoza region and has grown itself with the development of the region. By the 21st century, it had grown to become the largest regional bank in Spain.

However, with the collapse of the Spanish real estate bubble, CajaSur Bank soon fell into crisis, and its management and the management of Bank of Blabela began to contact frequently in the hope of saving itself through a merger, and negotiations between the two sides were in full swing during this time.

CajaSur lost nearly 600 million euros in assets due to mortgage defaults, which was a near-catastrophe for a bank with a net worth of less than 3 billion euros. Banco Bossella, one of Spain's largest listed banks, is well stocked and has ambitious management that wants to take advantage of the opportunity to merge with a number of regional banks in order to challenge Santander's leading position.

The two sides hit it off and soon reached a preliminary merger agreement.

But in the process of further negotiations between the two sides, a sudden change occurred, and a rumor completely shattered the wishful thinking of both sides.

In the Zaragoza region, foreign companies and the wealthy class began to withdraw funds from CajaSur Bank with frequent. Although there was no obvious evidence, the news spread through the streets of Zaragoza in a single day. Soon there was a long queue of people queuing up to withdraw cash at the entrance of CajaSur Bank.

When the rumors first spread, it was rumored that Louis Wood from the United States had transferred about 140 million euros from CajaSur Bank, followed by 80 million euros from the Wenzhou leather manufacturer from Huaxia. These two news soon began to circulate in the United States and Chinese business circles.

The Americans and the Chinese took immediate action, and although the negotiations between CajaSur Bank and Baobera Bank continued, they no longer dared to continue to trust CajaSur Bank in the case of two cash transfers of more than 200 million euros. Although everyone's net worth is different. However, the sand gathered into a tower, and soon CajaSur Bank lost a large amount of money in its cash books.

What followed was that the news was completely leaked. Locals also realized the seriousness of the situation and lined up in front of CajaSur Bank to withdraw cash, and a run on the bank was formed.

It is a well-known fact that banks need to strike a balance between profits, risk and liquidity to obtain profits by absorbing savings at low interest rates and lending loans at high interest rates. The most frightening thing for banks is the run, because depositors rush to withdraw cash, banks do not have so much cash, and the ability to realize assets is far from meeting the needs of depositors to withdraw cash. At that time, the desire of depositors to withdraw will be even more urgent, because they will not be able to withdraw cash, and there will be fears that the bank may go bankrupt, and the whole situation will fall into a state of spiral out of control.

After only two days, CajaSur Bank was on the verge of running out of cash, and there was still a steady stream of people waiting to withdraw cash at various locations, despite the fact that CajaSur Bank had issued a statement declaring that it was not in a situation of bankruptcy. At the same time, negotiations are still proceeding in an orderly manner. But depositors no longer trust them, because large customers have transferred their own funds. This gives them a very dangerous smell.

In this regard, the top management of CajaSur Bank is at a loss and has no choice but to urgently sell off the more liquid assets. But by the end of the day, worse news came that Bolbera had suspended negotiations with CajaSur.

Because CajaSur Bank was caught in a run, Bulbera Bank's original estimate of CajaSur Bank was significantly skewed. The share of 600 million euros may not be enough to make up for the current situation, this figure could exceed 1 billion euros or even more, although it is very keen to expand its territory, but the bank will not put itself in a dangerous situation, so after urgent negotiations. Bank of Bombella decisively chose to terminate the negotiations.

CajaSur Bank, which had wanted to negotiate with them, was dumbfounded, the foreign aid that had been used to save itself retreated, and they were on the verge of bankruptcy again, leaving them with no time to find their next buyer. In desperation, they put the final guess on the Bank of Spain.

On the evening of the 25th, the Bank of Spain issued an announcement, announcing that it would rescue CajaSur Bank and clean up their bad debts.

So far, CajaSur is the second bank to come to the rescue by the Bank of Spain, a figure that has to be said to be very low after the collapse of the Spanish real estate bubble. But for the market, the emergence of another bank that needs to be bailed out means that Spain's banking crisis is about to erupt.

Although CajaSur is only a regional bank in Spain, the news of its central bank takeover has detonated the entire global financial market, undoing all the efforts made by the EU Council three days ago.

In the Asia-Pacific market, the Hong Kong index plummeted by 3.47%, the treasure island index fell by 3.23%, the Nikkei index fell by 1.88%, and Australia fell by 3.06%. In Japan, a major financial country, Mizuho Financial Group, Blue Sky Bank, and Sumitomo Mitsui Financial Group fell from 1.21% to 3.08%, dragging down the performance of the entire market.

Soon, the impact spread to early trading in Europe, with the French stock market falling more than 2%, and Crédit Agricole and Société Générale both falling more than 4%. The Financial Times index fell more than 2%, and Germany's DAX index fell by 2.71%. The decline in the two major bank stocks far outperformed the broader market's performance.

At night. The shock rippled to the US market, with the S&P, Nasdaq and Dow Jones all falling more than 2%, also not escaping the shock from Europe, and like Asia and Europe, bank stocks were hit the hardest.

The whole world has been hit hard by the takeover of a regional bank in Spain, and in the entire global financial market. The euro has undoubtedly suffered the most from the exchange rate against the US dollar.

The euro exchange rate, which once soared to 1.2578, completely ended its upward momentum on this day, and the three-day rally gave the European consortium a taste of sweetness, but also had to take the risk from Spain.

On this day, the euro fell from the opening of 1.2561 to 1.2448, a decrease of 113 basis points, or 1.88%, but this is not the worst, because of the bearish outlook for the market, the volume of the entire market has shrunk dramatically. This makes it difficult for European consortia to sell their positions on hand.

The next day, Europe fell slightly by 0.13%, which seemed to be a slowdown in the downward momentum, but through the observation of the market throughout the day, it is not difficult to find that the euro position did not have a significant upward momentum throughout the day, and most importantly, the trading volume continued to fall, although the European consortium took out some positions. But there are still significant positions piled up in the hands.

On the third day, the aftermath of CajaSur Bank continued to ferment. The sell-off continued, and the euro fell another 1.18% throughout the day, and by the end of the day the euro had fallen to the level of 1.2187 US dollars to 1 euro, which was below the price at which Paulson and others were selling.

"Isn't it time for us to go back to the warehouse?"

After closing, several conspirators gathered together, this time no longer cloudy. The current situation is very favorable to everyone, not only did they not lose money, but they even made a lot of profits, which made Paulson and others smile.

Paulson first asked, "It's about the same price now, and it's been three days since the news." I believe that the market has already digested this enough. ”

"I really didn't expect that when you put forward this opinion, I still had very big doubts in my heart."

"But it turned out to be too effective. Now the market is like a frightened bird, at least a little bit of a storm, and they, no, the global market immediately heard of it, which is so rare and too interesting. ”

"Mr. Zhong, you are really a genius for shorting!"

Jim. Chanos also spoke, "Not only a genius in shorting, but also a genius in macro. ”

As for Ackerman and Griffin, the two were already speechless with excitement. Zhong Shi's means of turning his hands into clouds and covering his hands into rain opened their eyes, and all that was left was endless admiration.

"Really?"

Zhong Shi said lightly, "Gentlemen, it is now certain that our short-term operation to short the euro has been successful. But I would like to ask you, what are you going to do next, gentlemen? ”

"You...... What do you mean? ”

Taken aback, Paulson stammered a little, "Mr. Zhong, do you mean you still have a trail?" ”

Naturally, not only Paulson, but also the others heard the meaning of Zhong Shi's words, and immediately everyone immediately closed their mouths in amusement and quietly waited for Zhong Shi's next words.

"So far, I have not reserved the means of follow-up."

Zhong Shi explained the questions in everyone's hearts in just one sentence, but the next words made everyone fall into deep thought, "But I think so far, the exchange rate of the euro is far from bottoming, what is your opinion?" ”

"Haven't bottomed out yet?"

Hearing Zhong Shi's words, everyone was taken aback.

This round of the euro fall, from the second wave of attacks on Greece in May, in the whole process, including the European Union, the United States, the three major rating companies and other countries or institutions have shot, the market is full of all kinds of rumors every day, the game between each other has never stopped, in the whole process, the euro exchange rate has also fallen rapidly, from the exchange rate as high as 1.36 in April to the current level of 1.2187, and even only one step below the level of 1.2.

However, in the face of the crisis, the EU has become more and more united, and corresponding rescue measures and response plans have been thrown out one after another, among which Spain, the United Kingdom, Greece and even Italy have introduced measures to reduce the deficit, while Germany and France have also shown their image as responsible powers and fought-for-tat with the United States. Now that the 750 billion euro bailout mechanism has been introduced, and the introduction of major measures such as the re-entry of the United Kingdom into the bailout mechanism, it is a sign that the chaos in the eurozone is coming to an end, at least so far.

While Bell Stone struck again and steered the market towards chaos once again, it was clear to all that it was only a last-ditch struggle. Perhaps from tomorrow, it is possible that the European debt crisis will end.

Who can say what the future holds?

But Zhong Shi dared to boldly say that the whole thing was not over, how could this not surprise everyone?

While there was silence, the crowd quickly turned their brains and began to think about what they had forgotten about in the market recently, but after five minutes, none of them could realize that there were other factors in the market that could be exploited.

"At the end of the month, the EU will release a series of economic data!"

Dario thought of a piece of news and couldn't help but ask tentatively, "Is this an opportunity?" ”

After his reminder, everyone realized this factor. These people may be familiar with the release of important economic data from the United States, but they are not very clear about the data from Europe, after all, two days before the release of the data, the Bloomberg terminal will give them a reminder.

"Yes, the past month has seen a sharp decline in European markets, although not necessarily in this month's economic data. But gentlemen, once a bad number is released, I believe that the market will still fall. How about it, do you dare to gamble? ”

"What?"

The crowd was shocked again.

Originally, they would think that Zhong Shi would convince them with rigorous analysis and logical judgment, but this time the other party actually said that it was a gambling method, which made them feel quite speechless.

Although the financial world is full of gamblers of all kinds, these people often do not achieve much. Like Paulson, ordinary people would think he won the subprime mortgage crisis, but they ignored his rigorous investigation of the nation's housing market.

There are no people in this world who are born with good luck.

"Of course, it's just my own choice."

Seeing that everyone didn't speak, Zhong Shi continued, "You have two choices, the first is to close the position now and get a little profit to leave the market. The second is to follow me and continue to gamble to see how far the euro can fall! (To be continued.) )

PS: Thank you to book friends Lei Zi, longkwok, and senju1 for voting for the monthly pass! It's getting closer and closer to the end of the month, write as much as you can to write more Braille, and I hope that more book friends can continue to actively vote for this book, thank you very much~