Soviet Godfather - v5 Chapter 252

Jeffrey Sachs stayed in Poland for a week. During this time, Walesa and his cabinet had discussions with Columbia Bank and Jeffrey Sachs himself. With huge debts about to expire, the Polish government really has no way to repay its foreign debts, and in the face of domestic hyperinflation, the Polish government is also helpless.

At present, most of the products sold by Glencore in Poland are still settled in U.S. dollars, and only a small part is repaid with copper and other minerals produced in Poland. For the Polish government, if they want to import much-needed food and agricultural products from abroad, they can only consume U.S. dollars and copper. Although Poland is a country with abundant copper reserves, it has insufficient production capacity to meet Glencore’s needs overnight. After the unpleasant days between the two sides, Glencore is now completely official with the Polish government. Without the US dollar or copper, Poland would not even want to import a ship of wheat.

Walesa now has the only life-saving straw thrown by the Columbia Bank. So despite all the doubts, the Polish government seized on this life-saving straw and agreed to the Bank of Colombia to take over Poland’s central bank.

After obtaining official authorization from the Polish government, Sachs and Mikhail immediately began their operations. On the second day of the signing of the cooperation agreement between the two parties, the Bank of Colombia announced in the name of the Central Bank of Poland that it would abolish the old Polish currency zloty and issue a new version of Polish zloty. The exchange ratio between the old and the new zloty It’s 1100.

Many Poles learned from newspapers, television and radio early in the morning that the government had issued a banknote abolition order. All of a sudden, the gates of major banks in Poland were crowded with residents who came to exchange banknotes. They flocked to the bank with bundles of banknotes to exchange for the new Polish Zloty.

The promulgation of the abolishment order is only the beginning. Although the exchange ratio of 1100 is just a digital game, because of the new currency system, the prices of commodities on the market have begun to be pegged to the new version of the zloty again.

Almost overnight, the prices of most commodities on the market dropped a hundredfold. On the second day after the Central Bank of Poland announced the abolition of banknotes, the Polish government once again announced the news of raising bank interest rates and canceling food and fuel subsidies. From this time on, a large amount of currency circulating in the market began to return to the hands of the Polish Central Bank.

It only took a week for Mikhail to fulfill his promise, and Poland’s inflation was finally brought under control.

With the strength of the Gorky consortium, there is basically no pressure to control Poland’s prices at will. After all, the population of Poland is one-tenth of the Soviet Union, and Glencore controls the largest food in the Canadian, American, and Australian markets. Acquirer.

Mikhail hopes to use the Polish market as a banner for the Bank of Colombia in Eastern Europe, and Sergei supports his plan behind his back. Just after the hyperinflation in Poland was brought under control, Yuri also arrived in Warsaw and began lobbying the Polish government for privatization reforms.

Mikhail soon submitted a privatization reform plan to the Polish government, because Columbia

—–This is a gorgeous dividing line–

Novel netizens please remind: Please pay attention to the rest of your eyes when reading for a long time. Recommended reading:

—-This is a gorgeous dividing line—

The Asian Bank has taken over almost all of Poland’s debt, so Columbia Bank is now Poland’s largest creditor. This privatization reform plan is essentially a plan for Poland to repay the Colombian bank.

According to Mikhail’s plan, the huge state-owned assets in the hands of the Polish government will become the possession of the Colombian Bank. However, the Polish government does not know these things. They only know the mines, steel and metallurgical enterprises that originally belonged to the country. In addition, almost all assets such as some banks in Poland and shipyards have been marked with prices and put on shelves for people to choose from.

The Polonez car has been taken over by Gorky Volkswagen, and some downstream companies that are supporting factories are now also starting a big sale. Poland’s state-owned pastures were sold to the livestock branch of Occidental Petroleum, the shipyard in Gdansk, the Polish state-owned shipping company, and even the Port of Gdansk were all bought by the Mediterranean Shipping Company. In addition, Poland Domestic airports, railways, canals and other transportation companies were all divided up by the Gorky Group.

This series of dazzling sales and integration has started to show signs of improvement in the Polish economy, and the Polish government is naturally grateful to Columbia Bank. But what they didn’t know was that the consumption of these Polish state-owned assets did not cost the Gorky Group much money, because in Poland, even the banknotes are printed by the Bank of Colombia. And Glencore took this opportunity to clean up a large number of materials that had been stored for many years~www.mtlnovel.com~ The companies that appeared to have participated in the privatization of Poland came from all over the world, as many as hundreds, in fact, the best quality assets. Has long been in the pockets of the Gorky Group.

In just a few months, the foreign debt and economic transformation package solution made Poland a country controlled by the Gorky consortium, but the Polish government did not realize this. On the contrary, because prices began to fall and the economy began to recover, the Polish people regained their trust in the government. At least Walesa doesn’t have to worry about her.

The results of the Polish reforms made the Bank of Colombia and Jeffrey Sachs famous, and the package of foreign debt and economic transformation solutions born out of Jeffrey Sachs’ shock therapy became the eyes of the emerging powers in Eastern Europe. A life-saving straw. As the Polish economy began to get on track, Mikhail and Geoffrey Sachs successively received invitations from the governments of Hungary and Czechoslovakia, inviting Colombia to continue Polish-style reforms in Hungary and Czechoslovakia.

Naturally, Mikhail would not miss this opportunity. At this moment, a larger idea began to appear in the minds of him and Selesha. Could it be possible to establish a multinational central bank that encompasses the entire Eastern European countries and help the entire Eastern European region Integrated reform. Sergei knows clearly that if this idea can be established, Eastern Europe will establish the euro area more than ten years in advance. At that time, a unified and huge market will greatly enhance the competitiveness of this region, and most importantly, Colombia Will become the central bank of the entire Eastern Europe. This idea is simply too tempting.

Sergei knew that if Mikhail could succeed again in Czechoslovakia and Hungary, then it would be natural to put forward the theory of a unified market in Eastern Europe at that time.