Chapter 35 Financial War

For the royal family's moves, the small banks can only choose to accept. Between going bankrupt and selling, it's a choice that everyone knows. Eder now has to consolidate these small banks in order to better serve the Romanian economy. Now they are working for foreign banks, and they don't have the ability to resist risks, which is why Eder has to let them out.

The four major foreign banks are also quite satisfied with the royal family's initiative. This in turn has weakened Romania's capital reserves, and the suppression of Romania's national debt and currency has become more ferocious, and the foreign exchange and government bond market has also been bloody.

Edel leaned back in his chair, his head propped up with his left hand, lazily listening to Calust's report. "Now that we have invested £6 million in the market, and I believe that the four foreign banks will not fall below our figures, this financial war is coming to an end. Prime Minister Stullley asked us where we should go. ”

Thinking of the stubborn old man who hasn't had a good rest for three days because of this financial war. Edel sat up slightly straighter, and Masase said. "Put all the money we have left on the market and put them in the market. For the foreign banks that have made a mess this time, the result is ........," Eder said with a sigh after careful consideration. "As long as they agree to comply with the bill, it's over."

Calucte looked at Eder in front of him, from being in control to being helpless. His body shuddered and replied immediately. "I'll reply to the Prime Minister right away." The chief guard stepped out of the room and gently closed the door. At the moment of closing the door, I heard a voice from the room. "This damned bunch of powers."

At this moment, the four major foreign investors also felt that something was wrong, Romania's funds were too abundant, and the four responsible persons could only discuss the method again.

"Where did these Romanians get their money from." The most anxious Tiromotov was dressed in a mess, and this time he didn't even enter the door, and the voice was already heard. Entering the gate, Tiromotov saw that these three were not much better than him, Mondrick's eyes were red, and his hair had not been taken care of for several days. Ellison, as an English gentleman, even wore dirty clothes, and Romandor was the most normal one, except that he wore a pair of shoes of a different color.

"Yesterday, I commissioned a friend and colleague to investigate the three major financial markets in Europe." Mondric said with red eyes. Tiromotov frowned, clearly dissatisfied with this statement. "Now we need money, and if there is not enough money, this war is lost in half." Ellison said in a hoarse voice. "Now we can only ask for help from headquarters, and if we can ask for half of the current funds, we can fight the battle." Tiromotov is like a gambler who loses red-eyed, does not give up the slightest opportunity.

Hearing Tiromotov's words, there was silence in the room. If the call for help from headquarters had been successful, they would have done so a long time ago. Now in the financial crisis, it is too late for the head office to save the country, and it is estimated that it will not be able to prepare so much money to save them.

"Now how much money you can get the head office to approve, now everyone should not hide it, and if you lose, you can go home. I'll start by quoting my £850,000. Ellison asked with a determined expression.

"£850,000."

"£900,000."

"£800,000."

Hearing the support of the three of them from their respective head offices, it seemed that Ellison still had the strength to fight. "You can ask the head office for help when you go back, and it is expected that the funds will come in two or three days. We are now stabilizing in the market first, and then we will continue to suppress the follow-up funds. Everyone nodded in agreement, and were about to go back to leave, when the door suddenly opened. Ellison's secretary came in sweating profusely and panting. "The Romanian government is attacking the market in a big way, and we are about to lose it."

When they heard the shocking news, they immediately rushed to the stock market, and at the Bucharest Stock Exchange, before several carriages were stable, the people on the carriages jumped out of the carriages anxiously and walked in with a worried face. In the trading room, several people met Ellison's deputy, who was anxiously directing the traders to deal with the Romanian government's offensive.

When the deputy saw Ellison and his party, he hurriedly walked over and said the current situation in a hurried tone. "At about 1 o'clock this afternoon, the Romanian government entered the market with a large amount of money to hold up the foreign exchange and treasury bond markets that we suppressed. We calculated that there were £6 million in the money and we had less than £4 million in our hands. Now that the market is jumping on the bandwagon, what do we do? ”

Ellison listened to the deputy's briefing with a frown, and then turned to the other three. "Now we have no choice but to give it a go, otherwise we won't be able to wait for retirement." "Yes." Both Tiromotov and Mondrick nodded in agreement. Only Kromander was the most entangled, and the task given to him by the head office could not be completed. Now he has the same mentality as the shareholders of later generations, he is watching himself being trapped, and he can't describe the depression in his heart.

The three of them looked at Romandel, who did not express his position, and they all knew that he had the intention of backing down. Ellison walked up to him and gently persuaded him. "Romandel, whoever we are, who has caused so much damage to the bank, will be swept away. This is the last chance, and if we don't succeed today, we won't have a future. ”

Ellison said this, as if to cheer himself up, and turned to the trader to order. "I'm going to pay for it, and I'm going to suppress it now." With Ellison determined to make up his mind, the two sides of the exchange were fighting back and forth, and everyone was staring at the ups and downs of the national debt and the exchange rate, trying to understand the inside story one step ahead of the others.

Time passed in the midst of a fierce battle between the two sides, and with 30 minutes left in the trading time, another £3 million was smashed into the market by the Romanian government. Let the foreign banks that have been struggling to resist collapse immediately, Ellison and others are also powerless, and the small investors who have been watching the securities market immediately follow up, fortunately, the time is not too much, and the rally is barely considered to be a big rise at the end of the transaction.

After Ellison and the others calmed down, they recalled that this was the result of the Romanian government not wanting to hit them too hard, otherwise they would have surrendered if they had entered the market in the first place. The next day, before the opening of the market, the four major foreign banks announced that they would comply with the Romanian financial law and would deliver the margin to the reserve bank in three days. Sure enough, after the opening, the securities market was stable, and finally ended with a slight increase.

In the next few days, Romania relied on the Reserve Bank to integrate the small domestic banks into two large banks, namely the Romanian Construction Bank and the Romanian Agricultural Bank, plus the integrated Industrial and Commercial Bank, which will gradually carve up the financial industry among these three banks controlled by the government and the royal family, and other small banks that are unwilling to merge will also disappear.