More than half a year has passed since the merger of the two Germanys. After experiencing the reunification of the motherland, the East Germans gradually lost the excitement they had before the reunification, and their lives returned to normal. Faced with the powerful commodity onslaught of Western consumerism, East Germans began to look a little overwhelmed.

For the first time, East Germans had credit cards, and they quickly replaced all the furniture in their homes with the ones that were popular in West Germany. The garbage heap below the residential building is full of replaced furniture. Relying on the 1:1 exchange between the East German and West German marks, everyone made a small fortune. And the money has not yet been warmed up in the hands of the East Germans. It was sent back to the capitalists in West Germany.

At the level of savings of the average household of 7,000 marks, this money is not spent at all. But compared to these money things. It was the change in work that made the East Germans feel deeply helpless.

A large number of East German teachers lost their jobs, and many East German-era soldiers left the army. Factories and enterprises in the GDR began to close down in large numbers. Almost all of the doctors in the hospital have gone to West Germany to open clinics. As a result of these social shocks, the GDR region began to experience a wave of unemployment and brain drain.

The respected teachers, intellectuals, and model workers of the GDR era are no longer in the limelight, and many of them are living a miserable life in order to support their families. The academic qualifications and skills they acquired during the GDR era could not be used in Germany after reunification, and many were thus abandoned by the times and society. became useless.

Chancellor Kohl's optimistic estimate is that in just five years, the former GDR will be as developed as West Germany. However, the 1:1 exchange of the mark, while seemingly generous, actually caused a serious decline in purchasing power in East Germany.

The Deutsche Mark is the most important currency in Europe and serves as the most economically dynamic country in Europe. The Deutsche Mark has a significant role in Europe. Within the European Community, a complex linked exchange rate mechanism has been developed on the basis of the Deutsche Mark. According to this mechanism, the currencies of all countries are exchanged with the Deutsche Mark as an intermediary, and the exchange rate cannot fluctuate up or down by more than 5%, and the Bundesbank actually acts as the European Central Bank. However, this is actually an artificial shackle on the exchange rate between countries. Since fluctuations cannot exceed 5 percent, the governments of these countries will have to pay their mark to protect their exchange rates as soon as their currencies are attacked in the foreign exchange market. And this is exactly the flaw in the attack that Seryosha values.

The German economy is still digesting the mess left by East Germany, but the over-issued currency has flowed into the hands of the East German people, and this is the time when the German economy is at its weakest. And now the Bundesbank is actually the central bank of Europe. If something goes wrong with the central bank, will the remaining countries continue to pay for inflation in Germany?

Shortly after the last Gorky meeting, Seryosha carried out a series of splits of the Bank of Colombia, and soon the Bank of Colombia's business in Poland began to be listed in the United Kingdom under the name of the Bank of Poland, after which the Polish bank was sought after by European investors, and then Seryosha successively split the Czech Bank and the Slovak Bank. When the shares of these banks were sold in the private market in Europe, many established financial companies in Europe and the United States were very interested in it. Seryosha firmly controls these banks through a series of loads of shares. At the same time, a lot of cash was obtained. The cash will be ammunition for Seryosha's next attack.

With Seryosha diluting Gorky Financial Group's stake in Bank of Colombia's European operations to 40 percent, Seryosha has $2 trillion in cash reserves. But that's just the beginning.

Seryosha used these funds as collateral and began to make large loans in local currencies in the EC countries. In the United Kingdom, Seryosha borrowed 40 billion pounds from the Bank of England, and in France, Seryosha borrowed about 50 billion francs from the Central Bank of Paris. These money are short-term loans, the interest rate is quite high, but after maturity, it needs to be repaid in the local currency, so as long as Seryosha shorts the currencies of these countries, then when the time comes to repay the loan, the exchange rate difference will be Seryosha's income.

All this is done quietly. With the further deepening of the spin-off of Bank Colombia in Europe, almost every country in the member countries of the One Market has established a bank in question. The Irish banking sector began to receive loan applications from Bulgarian banks, and the Irish pound was lent out in large quantities at high interest rates. Romania, on the other hand, borrowed a large amount of lira from the Central Bank of Italy. The Hungarian bank is targeting the Danish krone. Polish banks received large amounts of pounds after their listing in the UK, while at the same time lending more pounds from the UK. Czech and Slovak banks, on the other hand, have set their sights on the remaining countries. The Luxembourg franc, the Belgian franc, the Danish krone, the Greek drachma, the guilder, the Spanish peseta and the Portuguese escudo all became Seryosha's borrowers.

At this moment, Seryosha was the only one who spared the Deutschmark. Because Mark, although he has a weakness now, is still the most difficult to break. The main currencies of the 12 countries of the European Community are now very much like the chain ships in the Romance of the Three Kingdoms. If Seryosha is the first to attack the currencies of small countries like the Belgian franc and the Luxembourg franc. Then other countries will rush to the rescue. Seryosha will have to face the united central banks of the 12 European Unions. But what if every country was set on fire? Seryosha bets that central banks will not provide any support to their neighbors until they have solved their own problems. Although Seryosha still has to deal with 11 of these countries. But he bet Germany would most likely choose to stay out of it. Because the central banks of 11 countries are bailed out at the same time to maintain the exchange rate, the real money that the Bundesbank will have to shell out will be an astronomical amount.

Because Seryosha's banks have been split into several vests, most of which come from cash-poor Eastern Europe, central banks have not paid enough attention to their lending practices. In order to win these countries into joining the European Community, many countries have even given very preferential policies in terms of loans. However, although the interest rate of the loan is not less, the reserve for the mortgage loan has dropped a lot. Seryosha is grateful to the central banks of these European countries who do not know the height of the sky. I really sold them and helped count the money!

In the final analysis, there is fierce competition between the EC and the single market, and whoever wins or loses will depend on who can win more countries. Seryosha's single market can help the Eastern European countries stabilize their economies, but what if the Eastern European countries stiffen their wings and run to the side of the European Community? And Seryosha actually hopes to bring more countries closer to the unified market. But until the EC's disillusionment was shattered, Seryosha's single market was always under greater threat.