Despite the threat of resignation, the fiscal cuts were too harsh and bound to offend most of the class, so the opposition lawmakers did not hesitate to reject the proposal during the final vote in the Diet.

Originally, the ruling party did not occupy a majority of seats in the Diet, so it can be said that it was a lame government. Now that they have seriously given people a handle, the opposition party has unceremoniously slapped the prime minister in the face.

Stepping down as a prime minister is simple, as it is easy to find a replacement for the next one. And if the people are offended and lose their votes, the consequences will be absolutely disastrous, and the opposition parties are very clear about the stakes.

The result was obvious, and Sulagdi submitted his resignation to the Portuguese president the day after the proposal was rejected, officially announcing his resignation.

He also believed in his word.

Under Portuguese law, in the event of the resignation of the head of government, a general election can be held within the next 55 days to form a new government. During this transition period, officials from the previous government will continue to hold relevant positions to ensure the stability of the country and the smooth running of government affairs during this period.

The fall of the cabinet of Socrates immediately caused a chain reaction.

The first to react was Fitch, which downgraded Portugal's sovereign credit to A- the next day with a negative outlook. Immediately after that, Standard & Poor's followed up on the 29th and downgraded Portugal's sovereign credit rating to BBB-, which is the second consecutive week that Standard & Poor's has adjusted Portugal's debt situation.

At the same time, whether the new Portuguese government can continue to strictly support and implement the three austerity packages previously passed by the Portuguese parliament has also become the focus of market attention. After all, once a son of heaven and a courtier, everything is unknown until the new government surfaces.

In this context, the performance of Portugal's national debt can be imagined. The yield on five-year Treasuries soared to near the 9% level. And the 10-year Treasury bond. It is directly 10%, far exceeding the performance of other treasury bonds in the market.

In terms of CDS, Portugal's sovereign CDS has soared to 600 points, that is, if you want to invest a position of 10 million euros, you need to spend 600,000 euros to buy the relevant credit swaps, and at the same time pay a certain amount of insurance fees every year.

One word. Because of the political instability, the external environment in Portugal deteriorated rapidly.

What happened next was a logical affair, with economists, politicians, entrepreneurs, trade unionists, and ordinary people jumping out to make specious comments on the current economic situation and then discuss the possibility of Portugal receiving EU aid.

When it comes to the choice of the people, the performance of one political party is particularly striking, that is, the previously ruling Socialist Party. Their former leader, former Prime Minister and now Prime Minister of the Transitional Government, Socrates. Uncharacteristically, Portugal needs assistance from the European Union.

At the same time, the Socialist Party's rivals, the SPD and the SPD, have also said that seeking external assistance is the only way forward for Portugal at the moment. At the same time, they lashed out at the previous government, arguing that the other side was fully responsible for today's situation.

To show no weakness, the Socialist Party also launched a merciless attack on the SPD, trying to throw the black pot on the other side, and a large-scale debate broke out between the two sides for the next general election.

But no matter how chaotic the situation is. At least one thing that the three major parties have in common is that Portugal can only get out of its difficulties through external rescue. Soon the caretaker councillors of the three parties reached a consensus on this point.

On 7 April, Portugal formally applied to the European Union for a bailout, becoming the third country in the eurozone after Greece and Ireland to have to seek foreign aid due to its heavy debt burden.

After more than a month of negotiations, the transitional caretaker government and the EU and the IMF finally reached a rescue package before the general election.

In this aid package. The EU and the IMF will provide a total of €78 billion in loans to Portugal over the next three years. Ironically, the EU and IMF put forward conditions such as tax increases, a freeze on pension and wage growth, and a reduction in unemployment benefits and shorter payment times, which are almost in line with the Socialists' plan for fiscal reduction.

But what's even more surprising is that. Portugal's three major political parties, including the SPD, have said they will strictly abide by the terms of the aid once they come to power.

The SPD was the main opposition to the Socratic government's fiscal cuts.

At this point, Portugal's debt crisis has officially come to an end.

After nearly half a year, the Portuguese government was forced to accept outside aid at the cost of an early change of office, thanks to a combination of various forces, including hedge funds, rating agencies, international investment banks, the ruling party, the opposition parties, the European Union and the IMF.

"Finally accepted the help!"

On the plane to Toronto, Zhong Shi received the news that the Portuguese transitional government bowed his head, and couldn't help but sigh and said, "After working for so long, I will inevitably bow my head in the end, I really don't know what these guys think." ”

If the Portuguese government chose to accept external aid in the first place, there was not so much going on next. But the truth is by no means that simple, because they are afraid that power will be interfered with, they have to choose to deal with it toughly, but in the end they are defeated by the market. But nearly half a year has passed.

And this cost of nearly half a year will be borne by ordinary Portuguese people.

"Zhong Sheng, your prediction of the situation is really amazing!"

Jiang Shan, who was traveling with him, didn't have the slightest awareness of this, but just complimented Zhong Shidao vigorously, "Things are exactly as you expected to go, and there is no mistake in a single step." God, you're amazing. If we had been involved in speculation in Portugal, we might have added billions of euros to our account. ”

"It's just billions of euros, you only see the immediate benefits, but you don't see the long-term harm!"

Zhong Shi was speechless, put down the documents in his hand, and said solemnly to Jiang Shan, "Think about it, we did it once in Greece. Another replay on Ireland, now Portugal, how many times has this been? ”

"Three times!"

Jiang Shan scratched his head, not understanding why Zhong Shi's tone became solemn, and he replied carefully, "So far. We've been successful every time, haven't we? As long as this strategy can continue, there is no reason for us to give up. ”

"You're still too young!"

Zhong Shi slapped his forehead and said with some annoyance, "There is a proverb in our Huaxia that is called one can be two and cannot be three. It means that you can do something excessive, you can do it once, you can do it twice, but you can't have a third time. Because quantitative change causes qualitative change. ”

"Although so far, there has been no crisis for our team. But the same technique has been used three times, all for countries in the eurozone. I think the second time it was the EU's side of the fire. Especially in May last year, the whole of Europe was in turmoil, and if it wasn't for the timely launch of the EU rescue mechanism, I am afraid that the situation would be difficult to contain. ”

"So you're deliberately withdrawing from Portugal's shorting to give yourself a little room to back down?"

Jiang Shan suddenly realized. It's kind of figuring out why Bell Stone is out of the campaign to short Portugal, "but you do it." Isn't it a little too unfounded? ”

"Are people worried?"

Zhong Shi smiled and said disapprehantly, "I don't think so, you must know that there are more than one or two warnings related to it." The investigation of Goodman, the targeting of rating agencies and even their divisions in London are all examples of the pressure that the EU is exerting on the United States. In this case, if you don't know how to advance or retreat. That's simply looking for death. ”

"That ......"

Jiang Shan was speechless for a while, but he was still unwilling, and said, "But so far, the debt crisis has a tendency to spread to Spain, Italy and other countries. At least for a while, the U.S. government will not be able to do without us. Isn't it? In this case, we are equivalent to an extra umbrella, don't we need to worry so much? ”

"Can you be sure that the crisis will spread to Spain or Italy?"

Zhong Shi's fluttering words suddenly made Jiang Shan speechless, "At least I'm not sure personally, the crisis will spread to Spain or Italy." I think there are two views in the market right now, the first is that the debt crisis is over; The second is that it will continue to spread, even to large economies such as Spain or Italy. But until the situation is clear, it is difficult to say, and the asylum of the US government is not so certain. ”

"How?"

Jiang Shan was taken aback and asked quickly, "Do you think that the U.S. government has the idea of unloading the mill and killing the donkey, or do you notice something?" ”

Regarding the attitude of the U.S. government, Zhong Shi and Jiang Shan have always had a clear understanding, that is, everyone is using each other. The U.S. government provided legal protection to the Tianyu Foundation, which drove the Tianyu Foundation and other institutions to set fires everywhere in Europe.

This is a very dangerous cooperation, but Zhong Shi is not easy to match, he is confident that he can get what he wants in this cooperation, so he is willing to be driven by the other party. But that doesn't mean he doesn't have the consciousness of a rabbit and a dog, in fact he knows it very well.

"Not yet!"

Zhong Shi said lightly, "At least so far, I don't see any signs of ending this crisis, which also means that I haven't lost my role, so I won't be abandoned by the U.S. government in the short term." But that doesn't mean anything, because the more we are involved, the greater the retaliation we face from the European side, which is obvious. ”

"Only by strengthening cooperation with the United States can we have enough capital to survive in the future counterattack, do you understand?"

Jiang Shan nodded silently.

The current Tianyu Fund is in a state of brocade of flowers and cooking oil, and the limelight is almost unparalleled for a while. But even in this situation, Zhong Shi's sense of crisis is still so strong, which makes him feel sincere admiration.

"So what should we do next?"

He went on to ask, "I mean quit completely, or do you continue to act as a pawn of the U.S. government?" ”

"Hey......

Zhong Shi touched his chin and said with a smile, "It is said that wealth is sought in danger, I think this sentence is too true!" Why not continue? So far, at least, the X-Spatial Fund has not been on the EU's watch list. And at most, I can withdraw to the U.S. market, so that even if they want to do something, I'm afraid it won't be possible. ”

"But the top priority is for me to strengthen the bargaining chips in the minds of the US government, so that they can no longer treat us like night pots, take them out when they want to use them, and throw them aside when they don't want to use them."

"Unless we become companies like Goodman and Stanley, we can't get their full support as an overseas hedge fund."

Jiang Shan frowned and blurted out, "It's almost impossible, Zhong Sheng, are you sure you can do this?" ”

"Who knows!"

Zhong Shi snorted, a strange smile on his face. (To be continued.) )

PS: Thank you to momoko12, Squinting to the Sun, James Five Wukong, Quanquan Cat, Four-Eyed Prodigal Son and many other book friends for voting for the monthly ticket! Finally persevered to the last day of this month, it feels really not easy, and I will continue next month, I hope that friends who still have monthly passes can finally support it, I am grateful~