Soviet Godfather - v5 Chapter 284

After the merger of the two Germanys, more than half a year has passed. After experiencing the reunification of the motherland, the East Germans gradually lost the excitement they had before the merger, and their lives returned to plain again. Facing the strong commodity impact of Western consumerism, East Germans began to feel a little at a loss.

　　East Germans had credit cards for the first time, and they quickly replaced all the furniture in their homes with popular West German styles. The garbage dump under the residential building is full of replaced furniture. Everyone made a small fortune thanks to the 1:1 exchange between East German Mark and West German Mark. And the money has not yet been in the hands of the East Germans. Then it was sent to the capitalists in West Germany.

　　 In terms of the average savings level of 7,000 marks per household, the money is actually not spent at all. But compared to these money matters. The changes in work made East Germans feel deeply helpless.

　　 A large number of East German teachers are unemployed, and many East German soldiers have also left the army. The original factories and enterprises in East Germany began to close in large numbers. Almost all the doctors in the hospital went to West Germany to open clinics. Under various social shocks, a wave of unemployment and brain drain began to appear in East Germany.

　　 The teachers, intellectuals, and model workers who were respected in the East German era are no longer good. Many people live a painful life to support their families. The academic qualifications and skills they acquired in the East German era could not be used in Germany after reunification, and many people were thus abandoned by the times and society. Become a useless person.

　　 Prime Minister Cole optimistically estimates that it will only take five years before the former East Germany will be as developed as West Germany. However, although the 1:1 mark exchange may seem generous, it actually caused a serious decline in purchasing power in East Germany.

　　 The Deutsche Mark is the most important currency in Europe and the most dynamic country in the European economy. The Deutsche Mark enjoys a pivotal position in Europe. Within the European Community, everyone has formulated a complex linked exchange rate mechanism based on the German mark. According to this mechanism, the currencies of all countries will be exchanged with the Deutsche Mark as an intermediary, and the fluctuation of the exchange rate cannot exceed 5%. The Bundesbank actually plays the role of the European Central Bank. But this is actually artificially putting a shackle on the exchange rate between countries. Since the fluctuations cannot exceed 5%, the governments of these countries will have to use the mark to protect their exchange rates once the currencies of these countries are attacked in the foreign exchange market. And this is exactly the attack vulnerability that Sergey Sha values.

　　 The German economy is still digesting the mess left by East Germany, but the excess currency has flowed into the hands of the East German people. At this moment, it is the time when the German economy is at its weakest. Now the Bundesbank is actually the European Central Bank. The central bank has a problem. Can the remaining countries continue to pay for Germany’s inflation?

Soon after the conclusion of the last Gorky meeting, Selesha conducted a series of spin-offs of Bank of Colombia. Soon, Bank of Colombia’s business in Poland began to be listed in the UK under the name of Bank of Poland. After the listing, Bank of Poland received After being sought after by European investors, Sergei Shah successively separated the Czech Bank and the Slovak Bank. When the shares of these banks are sold on the European non-public market, many established European and American financial companies are very interested in this. Sergei firmly controls these banks through a series of load holdings. At the same time, he also got a lot of cash on hand. These cash will be the ammunition for Seryosha’s next attack.

　　 As Seresha diluted the Gorky Financial Group’s shares in the Bank of Colombia’s European business to 40% of the original, Seresha had a cash reserve of US$2 trillion. But the money is only the beginning.

　　 Xie Liaosha used these funds as collateral and began to make a large number of local currency loans in the European Community countries. In the United Kingdom, Sergei borrowed 40 billion pounds from the Bank of England, and in France, Sergei borrowed approximately 50 billion francs from the Central Bank of Paris. These money are short-term borrowings with high interest rates, but they need to be repaid in local currency after maturity. So as long as Sergei shorts the currencies of these countries, then when the time comes to repay the loan, the exchange rate difference in it will be Sergei’s Gains.

　　 All this is going on quietly. With the further deepening of the division of the Bank of Colombia in Europe, almost every country in the unified market has established related banks. The Irish banking industry began to receive loan applications from Bulgarian banks, and the Irish pound was lent out in large quantities at high profits. Romania, on the other hand, borrowed a large amount of lira from the Central Bank of Italy. The target targeted by the Bank of Hungary is the Danish kroner. Polish banks acquired a large amount of pounds after being listed in the United Kingdom, and at the same time lent more pounds from the United Kingdom. The Czech Bank and the Slovak Bank targeted the remaining countries. Luxembourg francs, Belgian francs, Danish kroner, Greek drachmas, Dutch guilders, Spanish pesetas, and Portuguese escudos have all become Sergei’s loan targets.

　　 At this moment, Xie Liao Sha only spared the German mark. Because although Mark now has weaknesses, it is still the most difficult to break. The main currencies of the 12 countries of the European Community are now very much like serial ships in the Romance of the Three Kingdoms. If Selesha took the lead in attacking the currencies of small countries like the Belgian franc and the Luxembourg franc. Then other countries will come to rescue. Sergei Shah is about to face the united 12 central banks of the European Community. But what if every country was set ablaze? Seryosha bet that central banks will never provide any support to neighboring countries until they solve their own troubles. Although Sergei has to deal with 11 of these countries. But he bet that Germany will probably choose to stay out of the matter. Because the central banks of 11 countries were rescued to maintain the exchange rate at the same time, the real money that the Bundesbank would take out would be an astronomical figure~www.mtlnovel.com~ Because the banks under Seleosa were split into several small vests, Most of these banks come from Eastern Europe, which lacks funds, so the lending behavior of these banks has not received enough attention from central banks. In order to win these countries into the European Community, many countries even offer very preferential policies in terms of loans. However, although the interest of the loan is not low, the mortgage loan reserve has dropped a lot. Sergei is very grateful to the European Central Banks who don’t know the sky and earth. I really sold them and helped count the money!

　　 After all, there is fierce competition between the European Community and the unified market. Whoever wins or loses depends on who can win over more countries. Sergei’s unified market can help Eastern European countries stabilize their economies, but what if Eastern European countries stiffen their wings and run to the European Community? Sergey Shah actually hopes to bring more countries closer to the unified market. But before the disillusionment of the European Community, Sergei Sha’s unified market has always faced greater threats.

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