Chapter Seventy-Four: The Great Counterattack (2)

Contini's cold tone rang out: "I regret the rumors that the market has speculated on the group's creditworthiness, but I can understand the motives behind it and the objective reasons behind it. I studied history and found that the construction of modern banking began in the Renaissance in Europe, and it was many years ahead of the world. However, the problem is exactly the same as at the beginning, many, small, scattered, chaotic, poor, this is because Italy has been a small state for a long time, there is no unified market caused, and the lira exchange rate has been very unstable, driven by multiple factors, the banking industry is always worried about this and that credit problem. ”

This sentence makes people a little confused, is Mr. President specifically to express his understanding of the forced behavior of the banking industry and find an academic reason?

Soon they knew that they were wrong, the president was still the president, and a fierce counterattack came unexpectedly.

This situation does not match the tasks of the times to achieve the great national rejuvenation of Italy, with Italy's ambition to build a new Roman Empire, and with the development goals of the United Group, which is determined to become bigger and stronger, and the Group will continue to work to change this situation:

"First, for the banks that are small in scale and weak in their ability to resist risks, including Banco City de Roma, Banco de la Riquez di Milano, Banco di Cicadia di Venice, Banco Nacional di Nacional de Italy, Banco di Genoa......" Contini reported a long list of banks that were the first to collect loans or refused to re-lend, "The Group understands their difficulties and decides to stop the accounts of the above-mentioned banks from today, and if any supplier opens an account with the above-mentioned bank, please immediately adjust the main host bank, otherwise the money cannot be guaranteed to be transferred in time. We want to think about the safety of our clients' funds......"

Reporters were in an uproar.

"Second, in view of the poor credit system and insufficient anti-risk ability of these banks, the Group requires all employees and their family members to withdraw their deposits in the above-mentioned banks immediately in order to preserve the principal for the sake of protecting the interests of employees.

Thirdly, it is recommended that the Ministry of Finance and the Central Bank conduct an inspection of the above-mentioned banks to check whether their capital is sufficient, whether there are difficulties in their normal operation, and whether they need to suspend business for rectification so as not to cause the impact of the Italian financial crisis;

Fourth, banks that raise lending rates due to monetary contraction......"

Contini reported another list of names, "The group decided to repay early, the comprehensive interest rate of the loans we obtained in the United States is only 5%, while the Italian interest rate is generally more than 7% and continues to rise, this is an abnormal market trend, a company with the strength of the United Group, should have received more favorable treatment, the result is so, it can be seen how difficult it is for other Italian small and medium-sized enterprises to survive, we will not compete with small and medium-sized enterprises for financing channels, all to them, the group will issue corporate bonds at the appropriate time." and arranged for its subsidiaries to go public in New York in order to attract more direct financing. ”

As soon as this big war bomb was dropped, the whole field was shaken, and everyone knew that this was carried by the United Group and these banks that "sent umbrellas on sunny days and collected umbrellas on rainy days", didn't you say that the credit funds were tight and should be recovered? The United Group agrees with your reasoning, but conversely believes that you are not resilient, so employees, their families and partners should not open any more accounts – in other words, the United Group has issued a run!

With this background, now that the United Group is calling for a run, the Ministry of Finance and the Central Bank will only be invisible, otherwise the Ministry of Finance will not be able to bear it at all.

After announcing these articles, he did not wait for the reporter to ask questions, and said to himself: "Everyone, I'm sorry, I just came back from the United States, and I have just recovered from my illness, and the doctor told me to continue to pay attention to rest, and I can't answer any more questions at today's press conference." ”

"This is the end of the press conference, please pay attention to the next notice of the group." Ignoring the commotion of the reporters, the press spokesman asked Antonio to answer a few questions and then announced the end.

The next day all the newspapers published the statement of the United Group in its entirety, and there was even a sensational headline: The United Group declared war on some banks!

It is easy to understand whether to declare war or not, and when those suppliers who got the check and cashed it in full received the payment, they immediately confirmed: the United Group is still the same United Group, domineering, rich, and capricious! In this case, it is not allowed to use the accounts of these banks to close the accounts - saying that there is no guarantee of transfer, but is it not a warning to break the business relationship? If you don't do it, I'm afraid that the business of the United Group will not be done in the future. Between the business and the account, everyone can recognize the situation.

At the same time that the company continued to close its accounts, the employees of the United Group also went to several key banks to queue up to withdraw money, and when they met people, they said that these banks were at risk of failure, and the news quickly spread to the citizens who did not know the truth, and everyone made a noise to line up to withdraw money.

When the bankers got the news, they knew that it was bad, and in the afternoon they kept calling to intercede, but Zakaria's and Leo's answers were the same: the president was not feeling well, he had gone to the seaside villa to recuperate, and he would talk about anything until he was well.

It's okay to call Antonio, Antonio is very talkative, and he wants to take back the statement? OK! At an interest rate of 4.8%, the recovered money will be doubled for a period of 5 years, otherwise there will be no accommodation-you know, the young master's temper, the Socialist Party that dared to do this has already been killed in the streets.

4.8% interest rate? It's simply impossible! The reason why Italy's interest rate is higher than that of the United States is not because Italy is really short of money, but because the Italian monetary system is unstable and has depreciated a lot overall, so it is necessary to raise the lending rate a little more to hedge risks. Now directly at the interest rate of 4.8%, and also require 2 times 5 years, these banks are basically equivalent to serving the United Group free of charge, which is even more impossible.

So the bankers began to find a way, some went out to find familiar government officials, some went to Fiat, who had instigated them to make trouble, and some planned to go to friendly banks to borrow money to tide over the difficulties, which basically meant that they were forced to carry it. But they never imagined that while they were looking for a relationship, the Chancellor of the Exchequer and the Governor of the Central Bank were being called into the office by Mussolini to lecture:

"These broken banks are lawless, and the United Group dares to slap them in the face - several of those credits are guaranteed by government credit, and in their eyes, government credit is so worthless? Now hit Calais in the face, will you come and slap me in the face in two days? Mussolini snorted and said, "The banks named by the United Group are not allowed to be managed by the Ministry of Finance and the Central Bank!" At the same time, it is necessary to warn other commercial banks not to lend them funds! ”

"But then these banks will fail...... It will also cause a greater shock wave, which is not good for the government. ”

"It's not going to go out of business!" Mussolini waved his hand impatiently, "When the time comes, the Union Group will acquire them to form the Union Bank!" The interests of depositors can be guaranteed. Calais and I are angry that we will set aside 25 percent of the shares of the government in the new Union Bank. ”

"But we don't have the money to buy shares."

"No money?" Mussolini smiled, "You don't have to worry about it, the United Group is very considerate of the government, sell some land, sell some mines, sell some scrap steel of the army and navy, sell some concessions, and the money will come out, and we don't have to pay a lira in fact." ”

"Army and Navy scrap steel?" The Chancellor of the Exchequer and the Governor of the Central Bank have a black line on their faces, and there is such a title?

For Mussolini, this title was normal. The last time the navy's scrap steel was sold very successfully: the seller was satisfied, the middleman was satisfied, and the buyer was also satisfied, and a certain Zhang Dashuai in the Far East (see the content of the prestige public account 'Moon Shadow Wutong' for details) was very cool, and for the first time after the Naples was in place in August, he took a 10,000-ton ironclad ship to command the attack, and when the two 305mm and 12 203mm naval guns fired a salvo, those small southern sampans did not dare to compete with it at all, and the position of the southern army was sluggish, and the morale of the ground troops of the northern army rose sharply, and they entered the pass in one go...... (uh, can't write more)

Then it's ready to dump the army's scrap steel - what outdated Renault F17 tanks, Fiat's imitation of the early 3000 tanks, Austro-Hungarian and German miscellaneous guns captured in World War I, armored cars, messy rifles, machine guns can all be included in the ranks, of course, G98, MP-18, Miss France 75 and other goods Contini will not be handed over, wouldn't it be nice to keep the volunteers?

With Mussolinier's message, the Treasury and the Central Bank knew what to expect, and they were even ready to warn other banking systems that were trying to intercede or offer help – are you in a daze? Don't you look at whose world it is now? Going against the Coalition? The lessons of the Socialist Party are not deep enough? Believe it or not, the Blackshirts will be able to take you to the skies "on a dirt plane" tonight? Besides, little Ziano got so much money from the United States at once, and he was not afraid of being soft or hard, what kind of illusion did the banking community think that they could challenge the United Group?

After sending the two men away, Mussolini paced the office twice contentedly, then opened the safe again and touched the little leather suitcase, which Contini had brought back from New York as a "souvenir." As soon as the press conference was held at noon yesterday, Contini went to Mussolini to report to his work, and then respectfully presented the leader with a gift - 20 10-ounce, 99.9999% New York standard gold bars (1 troy ounce = 31.1 grams), as well as two sets of women's diamond jewelry, necklaces, earrings, rings, all available, at a glance worth a lot, and told Mussolini unmistakably that Rachel is here (Mrs. Mussolini, Ida's mother) had sent an identical set in Mussolini's name, which Ida had brought over.

Who will the remaining 2 sets be given to? Mussolini smiled heartily and patted Contini on the shoulder, saying that the young man had a future and was caring enough (he also knew about the seaside villa and the flower farm), and that Ida was satisfied and happy when he returned, and that he owed Contini a favor.