I also love to go to class, and I never participate in any topic discussion and research, giving the impression to my classmates that I am an extremely withdrawn and difficult person.

So why did Chen Chumo stay in the library all day? Nobody knows! Maybe it's a self-study course, because he always comes out on top in every exam. However, Li Dingbo, a Hong Kong student who often gets close to him, does not think so, and finds that Chen Chumo only reads textbooks a few days before the exam, and spends the rest of his time borrowing extracurricular books. These extracurricular books are mainly books on mathematics, followed by computer programming, and then finance.

One night in January 2013, at the Harvard Library.

"Chu Mo, with your current financial knowledge, you can take another degree." Li Dingbo said to Chen Chumo.

In the past two years, Chen Chumo has always consulted Li Dingbo from time to time on financial legal issues. With the passage of time, Chen Chumo's questions became more and more profound, and often stumped Li Dingbo, a top student of law. Judging from the breadth and depth of the problem, Li Dingbo is sure that Chen Chumo's attainments in finance are not below those finance students!

"I think so, but math and philosophy have already taken up the exam time, so there's really no way to miss the time." Chen Chumo said helplessly.

With three degrees from Harvard University in hand, Dora Style, wherever you go, you are a god-level existence! It's a pity that there is more energy than enough time!

"Uncle Ding, I'll go to Cyprus in two days, are you interested in going to see it together?" Chen Chumo asked.

"Where and what?" Li Dingbo asked in surprise.

It's school time, and if you're going to Europe, that means taking time off. In the past two years, Chen Chumo has never asked for leave to go out except for limited holidays to travel, and this time he invited Li Dingbo to travel with him, which is really the first time in the world.

"What do you think about the Greek bond crisis?" Chen Chumo did not answer the rhetorical question.

Greece's debt crisis began in 2009, when the Greek government announced in early October that the government was expected to run a government deficit of 12.7% and a public debt-to-GDP ratio of 12.7% and 113%, respectively, in 2009, well above the 3% and 60% ceilings set by the EU's Stability and Growth Pact. In December, the Greek government said the country's debt was as high as 300 billion euros, a record high. Then the world's three major credit ratings downgraded Greece's sovereign credit rating, thus opening the prelude to the Greek debt crisis.

The direct cause of the Greek debt crisis is the government's fiscal deficit, and most European countries have high fiscal deficits except Greece, so the Greek debt crisis has also triggered the European debt crisis. This crisis is another major global debt crisis after the Dubai debt crisis.

"All the bad consequences are the fault of the Greek government, and Greece will definitely have to shed a layer of skin if it does not die in this bond crisis." Li Dingbo replied.

Because of Chen Chumo, Li Dingbo has been exposed to a lot of financial knowledge in the past two years, especially in the realm of financial law, which can be said to be a top professional.

"How?" Chen Chumo asked again.

"Joining the EU will benefit small European countries a lot, not only to have a vast economic market, but also to promote the development of various undertakings and scientific and technological levels of each member state under the overall leadership of the EU powers. Under the Maastricht Treaty, signed in 1992 by some members of the European Community, EEMU member states must meet two key criteria: a budget deficit of no more than 3 per cent of GDP and a debt ratio of less than 60 per cent of GDP. However, the Greek government is far from these two criteria, and in order to enter the eurozone, the Greek government and the American investment bank "Goldman Sachs" devised a set of "currency swaps" to cover up a huge debt for the Greek government, so that Greece meets the standards of eurozone member states on the books. Li Dingbo said.

"In fact, the Greek government has nothing to do, and many EU countries actually do the same, as long as they can develop their own economies well after joining the EU, collect more taxes, and soon be able to fill this hole." Who would have thought that the Greek government would not be able to support Adou, who was very uncompetitive, and not only did the economic development not keep up with the EU circle, but also got worse and worse, and pierced the small hole into the sky. Not only has the government debt not improved, but it has also become heavier and heavier. Since May last year, Greeks have gone to the bank to withdraw their deposits, and there has been a run on the bank. Li Dingbo continued.

In order not to let Chen Chumo look down on him, this kid is very competitive, even if he can't answer Chen Chumo's questions for a while, he will always try to figure it out in the future. Over time, his financial knowledge has not only improved by leaps and bounds, but he also has a good understanding of the current financial dynamics of countries around the world.

"What would you do if you were the Greek government?" Chen Chumo then asked.

"Greece must not be allowed to go bankrupt and put millions of Greek people in dire straits." Li Dingbo said.

He personally experienced the financial turmoil of '08 in Hong Kong, and many of his classmates' parents suffered heavy losses in the stock market and had to flee to the sea to avoid debts. Unable to repay huge debts, many people even committed suicide by jumping off buildings. A financial turmoil has such a tragic impact on society, if the government goes bankrupt, the consequences will be even more unimaginable, Li Dingbo is studying medicine, and he is kind-hearted by nature, but he doesn't want to see more human tragedies happen!

"Is there any way to keep Greece from going bankrupt?" Chen Chumo asked.

"Borrow money, borrow money from the EU!" Li Dingbo replied.

"Isn't the money from the EU countries blowing in the wind, will they borrow it?" Chen Chumo said.

"Yes, definitely, Greece's bankrupt EU power is harmful. If the Greek government does go bankrupt, the Greek bonds that Greek banks are peddling to European countries will never be cashed in. As a result, not only will Greek bond investors in EU countries lose a large amount of money, but EU countries will also be implicated in this uncollectible debt, which will lead to the collapse of the debt relationship between the entire financial industry. In the end, it will destroy the entire European financial system like a domino effect, triggering a financial storm in Europe, and even detonating a world financial tsunami! Li Dingbo said.

"The leaders of the EU countries are shrewd businessmen, and if they promise to help, it will certainly be a paid aid to take advantage of the fire. Of course, they will not make the 'rescued countries' pay reparations like the Eight-Nation Coalition more than 100 years ago, but it is certainly necessary to force the Greek government to sign a series of reforms that are stronger than those of the EU countries. ”

The more Li Dingbo spoke, the more energetic he became, as if he was the leader of the beneficiary country.

Indeed, as Li Dingbo said, the EU will not die for Greece. Since the outbreak of the Greek debt crisis, the eurozone has long planned bailout assistance to Greece, planning to provide low-interest loans totaling more than 270 billion euros to cope with the Greek government's debt of up to 300 billion euros.

The first bailout was on May 2, 2010, when Greece reached an agreement with the European Union and the International Monetary Fund to cut its budget by an additional 30 billion euros over at least three years in exchange for emergency relief.

The second bailout took place on July 21, 2011, when eurozone leaders agreed to a second bailout package of €109 billion in government funds, plus contributions from private sector bondholders totalling an estimated €50 billion by the medium term of 2014.

The third bailout agreement is scheduled to be signed in 2015, in which international creditors agreed to lend around 90 billion euros to Greece over three years, subject to a series of reform commitments.

"Then the Greek government received the bailout money, how long do you think it will take them to get out of this miraculous quagmire?" Chen Chumo continued the style of asking questions to the end tonight.

"10 years, 2009-2019, I think it should be enough for the Greek government to clean its ass." Li Dingbo replied suspiciously.

The previous question is an investigation, which is understandable, but what is the intention of Chen Chumo to ask this question, Li Dingbo is puzzled.

"On the surface, it will take 10 years for the Greek economy to return to normalcy and usher in a new life, but the aftermath of this debt crisis is likely to last for 30 or 40 years. If Greece's economy collapses again and it is unable to repay its EU debts, it may lead to a third world war! Chen Chumo said.

"It can't be that serious, right!?" Li Dingbo said in surprise, now he is convinced of Chen Chumo's words, and he can't help but feel nervous knowing that the world war is coming.

"The First Second World War, which had a very simple cause, was the collapse of the financial system, then the expansion of the power of the great powers, and finally the revolt of the oppressed countries, and the Greek bond crisis was fully in line with these points. If the Greek people can't endure the hard days of paying off their debts with simple food and clothing, low-welfare and high-intensity work, and smashing pots and selling iron, it's not that I'm alarmist, and in less than 40 years, the Third World War will break out! Chen Chumo said.

Hiss! There is indeed such a possibility. Once the Greek people reach the tipping point of patience, even if they do not intend to resist, there will certainly be other countries that will stand up and fan the flames and cause chaos in the world. And then watch the fire from the other side of the strait, and reap the benefits of the fisherman, isn't it just the United States' strategy of great power in World War II?

"Then why go to Cyprus, we should go directly to Greece." Li Dingbo said. The bond crisis and the world war are indeed a good financial research topic, and Li Dingbo decided to go to Europe with Chen Chumo for field research.

"The Greek government has announced a debt gap of 300 billion euros, which is actually much more than that. The EU has only provided 270 billion euros in aid, which means that the remaining debt gap will be forced by the Greek government to default indefinitely. Chen Chumo said.