Chapter 315: Emergency Turn
"Ireland will not accept our terms!"
After the G20, the meeting of European finance ministers was held immediately after the 17th, and the announcement was to discuss the fiscal situation of Ireland and Portugal. Affected by this good news, the foreign exchange market rebounded, and on the 17th, the euro rose 0.48% against the dollar.
In the face of this market, Zhong Shi and others held a conference call at the first time to discuss the next step. As soon as everyone went online, Zhong Shi threw such a bombshell.
"They've replied?"
At first glance, when they heard the news, several people were shocked and inexplicable. Only Dario calmly retorted, "They made a decision so quickly?" You know, that's a lot of money, probably much more than the EU figures! ”
"No, they haven't responded yet!"
Zhong Shi explained with a solemn face, "With such a major decision, they can't make up their minds for such a moment. So if we want to get an answer, we have to wait at least a while. ”
"But according to what you say, we just have to wait quietly, but why do you say Ireland won't accept it?"
Zhong Shi's explanation confused everyone, and Paulson couldn't wait to jump out and ask.
"It's simple, they won't get back to us, or they'll get back to us at the last minute!"
Faced with the other party's questioning, Zhong Shi replied seriously. At this time, he held a thick stack of documents in his hand, which was an emergency assessment report obtained from Huaxia's think tank, and the leader had ordered his subordinates to analyze and show Zhong Shi.
In this report, professionals analyze the relationship between Ireland and the European continent from a variety of perspectives such as history, culture, economics, politics, etc., as well as an assessment of what it would be like if the euro were to be discarded, replaced by the pound or the dollar, or even their own currency. Ultimately, the assessment concludes that Ireland may abandon the euro, but not now.
After briefly explaining the contents of this document to the crowd, Zhong Shi continued: "Gentlemen. Don't you think it's strange that this meeting of EU finance ministers was held so abruptly? Almost without warning! ”
"Sort of!"
Bill. Gross replied confusedly, "This was neither a routine summit nor a prior briefing in the media. It stands to reason that the G20 summit has just passed, and there should be no high-level meetings in the short term. But only two days passed. Europe's finance ministers are sitting together again. While this may have something to do with the situation in Ireland, it seems to me that all this is too serious. ”
Naturally, he meant that it was a bit of a fuss to bother the EU's finance ministers for the sake of a tiny Ireland.
"Unless there's something more important!" Gross concluded.
"What could be more important than rescuing Ireland or Portugal?"
Ackerman's shrill voice rang out immediately. He was very dissatisfied with Gross's judgment and couldn't help but retort, "If there is a problem with the debts of Ireland and Portugal, the whole crisis will hit Europe again, which is almost predictable." Europe's finance ministers are not for Ireland. But for their own sake, you don't understand such a simple truth? ”
"Haven't you noticed that during this time, European dignitaries have come out to shout that Ireland will accept aid from the EU and the IMF?"
Gross also retorted unceremoniously, "Including the president of the IMF, the German chancellor has shouted one after another, but so far the Irish have not relented." Do you think a meeting alone will make the Irish change their minds? What childishness! ”
"Are they going to watch their bond yields stay high? In the end, will there be no way to raise more money and default on the Treasury bonds due next year? ”
Ackerman is likewise also known for color. Without the slightest hint of backing down, "In any case, it is only a matter of time before Ireland finally receives the rescue." But the longer it drags on, the less beneficial it is for all parties. I think the purpose of their meeting at this time was not only to put further pressure on Ireland, but also to study what to expect if there was a problem in Portugal or even Spain. How to deal with the whole rescue mechanism. ”
"Yes, you're right, it's only a matter of time before Ireland receives the rescue!"
It was then that Zhongshi finally spoke, "But I think Bill has a point. There is also a big surprise in this finance ministers' meeting! ”
As soon as Zhong Shi spoke, he first affirmed Ackerman, and then said that Gross's judgment was also reasonable, which made everyone feel confused and did not understand what Zhong Shi was trying to say.
"Gentlemen, have you not considered the possibility that the Irish government should use our agreement to make deals with the Europeans?"
Seeing that everyone still didn't understand, Zhong Shi couldn't help but shake his head and said his expectations directly, "This may explain why this European Finance Ministers' Summit will be held so suddenly." ”
"What?"
"It can't be, right?"
"Are they crazy?"
As soon as Zhong Shi's words fell, several people jumped out and questioned one after another.
Indeed, the news was so shocking to them that they simply couldn't believe it was true. It would be understandable if there was a similar bargain in business, but it was a country-to-country transaction, and it was completely different. More importantly, one of the opponents of this deal is the powerful United States, and is Ireland not afraid of offending the US government?
That's what they think.
"Why can't it be?"
Zhong Shi waited quietly for a few minutes, and when everyone was completely quiet, he asked sharply, "Gentlemen, don't forget. Who is to blame for the entire debt crisis? It's us, it's the speculative capital of the United States! If you think about it in this way, no one can say whether Ireland is acting out of resentment to give us a trick on this matter, right? ”
"I think you have a lot of sense!"
At this time, Dario spoke, "It is impossible for Ireland to break away from the euro in the short term, and they may have been forced to choose to accept the rescue under pressure from Europe." But now that they have such a bargaining chip in hand, it is not ruled out that they will use this thing to make a deal with the heads of Europe. Gentlemen, remember that this document is not visible. If the government wants to take action against Ireland. It is inevitable that it will first put itself in the position that the thousand people are pointing at, which is definitely not what Washington wants to see. ”
"So you also think they will risk offending the US government and make a deal with Europe?"
Paulson asked, confused, "It's all crazy, are they all crazy?" ”
"No, they're not crazy!"
Dario said calmly. "Politicians don't think the same way we do. Reputation may be the most important thing to consider, but for politicians, tangible benefits are the most important thing. No matter how notorious they are, they don't care. Let's put it this way, if I were the Prime Minister of Ireland, I would have chosen the option of maximizing my interests, which is to take this document and make a deal with the European side. ”
"So what do we do next?"
Gradually, Zhong Shi's statement took over. Although there were doubts in their hearts, everyone accepted the possibility. That is, it is really possible that the Irish government is doing a secret deal with Europe.
"Cover the position as soon as possible!"
This time it's Bill. Gross spoke. Among the people present, he was the largest short share of Irish bonds, so when he heard Zhong Shi's words, he did not say anything for a long time, and kept thinking in his mind about how likely this is. So far his position has been profitable, but he decided to stop there in order not to risk it unnecessarily.
"Yes!"
Zhong Shi also agreed, "Take advantage of the fact that everyone still has room to surplus, and close the position in the market as soon as possible." Predictably. If news of Ireland's bailout comes out, Ireland's government bond yields will fall sharply. But we don't have to rush too much. After all, for Ireland and Europe, this game will continue for at least some time. I think it will take at least a week or half a month before they reach a final agreement. ”
"It's easy to close a position, but what about our short positions in the euro?"
It was at this point that Paulson raised a more serious question, "Now for Irish bonds." The market as a whole is pessimistic, and it is very easy to get chips to close positions. But what about the euro, now the euro is rising, and if we close our positions at this time, I am afraid it will only fuel its upward momentum. ”
He had a great point. The others nodded in unison, though no one else could see it.
"If the news of Ireland's bailout comes out, it can be expected that the euro will follow suit!"
Zhong Shi touched his chin and said this leisurely, which immediately lifted everyone's hearts, but the next moment he let a few people relax, "But so far, even if Ireland accepts aid, there is still a lot of room for manipulation in the whole thing." ”
……
"What are they going to do?"
The British Minister of Finance was furious, and when his eyes met the unkind gazes cast by the other Ministers of Finance, he raised his right hand angrily and said with emotion, "I swear in the name of God that we have never offered them such a condition. This is complete slander and falsification! ”
The Irish side threw out this document provided by Britain and the United States, directly exposing Britain to the heads of state. Knowing that the British were actually making such a small move behind their backs, the heads of various countries had different thoughts, and although they did not attack in public, they had opinions about the British government in their hearts.
In this case, it is natural for the British finance minister to jump out and clear his name. But how effective this behavior is, I'm afraid he doesn't even know the bottom in his own heart.
"So is this document real or fake?"
The German finance minister glanced at the British finance minister lightly, a trace of contempt and disdain flew in his eyes, and then pretended to be flat and changed the topic, "So far, we still don't know, so it's too early to draw conclusions." ”
"Yes, yes, yes!"
The British Minister of Finance is called George Brown. Osborne, at just forty years old, is Britain's youngest finance minister in nearly 100 years. Despite the fact that George. Osborne is very young, but he is steady and sophisticated, so he has the trust of the prime minister.
When he heard that the Germans were understanding him, Osborne repeatedly, "Maybe it's a bargaining trick by the Irish government." Gentlemen, at least until the authenticity of this document is verified, you should not doubt the determination of our British to remain in the EU. ”
When things have a buffer, it's much easier. Taking advantage of the fact that everyone was not paying attention, Osborne quickly wiped the sweat on his forehead and said again: "Whether it is Ireland or Portugal, the British government's attitude is only one, that is, to actively rescue, and will definitely not let the crisis expand to other regions." ”
"Which party should verify this matter?"
The German finance minister was still unhurried, and said slowly, "Only by confirming the authenticity of this document can we prescribe the right medicine, right?" ”
"Of course we are!"
George. Without hesitation, Osborne patted his chest and said, "In order to clear our suspicions, I feel that this matter must be handed over to us." Otherwise, we will be wronged! ”
In the face of unfavorable circumstances, it was not only Zhong Shi who made an emergency turn, but also George . A big man like Osborne even includes the British government behind him. (To be continued.) )
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