The next day.
Early in the morning.
As soon as I wake up, Greece's debt of 300 billion euro is on the international headlines. At this time, many people pay attention to this country.
However.
Most Chinese netizens are in a daze.
"300 billion, a lot?"
"That's it."
"At least it's a country."
“。。。”
Greece.
You have the impression that it is very rich. Although 300 billion euro is not a small amount, it is not enough to crush Greece as the title says, right?
Last year.
Iceland's bankruptcy is due to Nagada's poor foundation, which is not on the same level as Greece. However, it soon became clear why it was not.
"Damn it
"It's too rough!"
"You deserve it."
"If you don't have this ability, you can borrow money every day."
“。。。”
A meal of scorn.
300 billion euro, the annual interest is 120 billion, and the fiscal revenue of the Greek authorities, after deducting the fixed expenditure, the surplus is less than half.
It's not easy.
It's thundering!
"It's true that the country is being eaten." Some people sigh, "it's right that welfare is good, but to improve welfare without restraint is to seek death by oneself."
"Crazy."
"That is, in the 1980s, the number of Greek civil servants was only 100000, but now it has grown to 800000, close to one tenth of the national population."
"What are you playing with?"
"Yes."
"The tail is too big."
"Borrow money, spend money... I am so envious. If it goes on like this, I'm afraid it will follow Iceland's footsteps, but I don't think the European Union will sit by and ignore it. "
"Well!"
“。。。”
There was a heated discussion.
Though envious.
But.
If you mess up like this, it's not everyone's wish. It's also true that the welfare of the Greek authorities is too good, like the pension, which is twice that of Germany.
Shit!
Germany is so rich that it can't afford too high a pension. Greece, with an average economy, has not only pension but also civil servants' salary.
The best in Europe.
All in all.
In order to take office, all previous presidents are only doing one thing: high commitment to the people. Then, after taking the stage, he licked his face and borrowed money everywhere to maintain welfare.
Now.
The debt is too high to sustain.
。。。
Base.
Room.
Eating breakfast.
"Don't, the euro is going down?" Seeing the news, Tang Kai first asked that it would be strange for the European Union to sit by and ignore such a big matter.
But.
Once you step in, it's a hole.
Wen Yan.
Tang Qing nodded slightly.
"It will definitely fall. The stock market and foreign exchange market will be turbulent for quite a long time in the future. Your Euro Cash will be exchanged as soon as possible."
No drop.
I'm sorry for the news.
"How long will it last?" Qin Yugang is very strange.
"Not sure."
Tang Qing shook her head.
"Because the Greek crisis has exposed not only the problems of Greece, but also the problems of other countries in the euro zone. More than one country has borrowed money to live on."
The debt of hope.
It's just the fuse of the European debt crisis.
Otherwise.
Just a Greek storm, it is impossible for the fighters to break up the euro.
Ireland.
Portugal.
Spain.
Italy.
Cyprus.
...
a large number of European countries have relatively serious debt problems, and in the context of the global economic crisis, one by one began to burst out.
A sharp fall in the euro and a sharp fall in European stock markets will follow.
"Crisis escalation?" Tang Kai was surprised.
I thought.
It's just Greece.
"Well."
Tang Qing nodded.
"What will happen?" Second uncle asked again.
"First."
"It is foreseeable that the EU will enter the WTO. If it is ignored, it will almost certainly shake the euro system and endanger the stability of the EU."
I had a pause.
"Second."
"The thunder is too big to cover. It's exploding."
Listen.
Everyone looked at each other.
"This possibility should be very small." Tang Kai said, "the debt problem of the European Union is an internal problem. As long as we make up our mind, we can deal with it.""Well."
Qin Yugang nodded.
In a unified currency area, there is huge room to do so. The European Union has the power to control Greece's debt, but the process will be painful.
Borrow a new account.
Pay back the old debt.
Even.
To directly eliminate part of the debt, anyway, it's all credit money. It's a big deal to overspend. Now, after the quantitative easing in the United States, the world is releasing water.
Printing money.
So.
In any case, the eurozone will not collapse.
Wen Yan.
Tang Qing smiles.
"Indeed."
"The probability of a breakup of the eurozone is very small."
At the same time.
I added a sentence in my heart.
"However, this is a small probability event that can evolve into a large probability black swan event when no one operates it properly."
Yes.
EU countries are absolutely unwilling to break up the euro area and will do their best to rescue it, but they are not willing to. Over the years, the euro area has accumulated many problems.
For example.
The welfare of each country is uneven.
Germany.
France.
The two core countries of the European Union create much more wealth than other countries, but their welfare benefits are not as high as those of some member countries.
Like Greece.
I don't make much money. I spend as much as I can. I have an early retirement age and a long list of benefits. The most irritating thing is that my retirement salary is twice as high as that in other countries.
Wait.
There has been a lot of dissatisfaction within.
So.
Once the problem breaks out on a large scale, will Greece reduce its pension? It's definitely another big march in the country. The president leaves class every minute.
If you don't want to leave class, you have to continue to have high welfare.
But it doesn't fall.
Maintain high expenditure, other countries will not do it, because you are borrowing our money to distribute your welfare, and these countries will also shout loudly.
Past life.
This problem has not exploded.
However.
This time.
But it will be a sword.
Of course.
Just a handful, Tang Qing didn't put all her hopes on public opinion. The best thing to control is public opinion, but the one that is most likely to reverse.
It's also public opinion.
So.
It's just "seasoning." the real main course is something else. But what will be written into history in the end is what you see as "seasoning.".
The truth.
Will be buried in history, not the sun.
"The euro."
"Must... "Once."
At this time.
Tang Kai is in the mood.
"In this way, is there a chance to pick up the leak?" In any crisis, there are people who can benefit from it. This is the essence of the word crisis.
Economy.
Finance.
All have room to operate.
"Yes."
"You can play it properly, but don't care too much." Tang Qing said. Making money from the European debt crisis is certainly something to do, but he will not end up personally.
This time.
But it's a big one.
Listen.
Tang Kai's interest also declined.
"I'm not interested in what you say. I'd better rely on industry to make money. Every cent is clear."
Now.
The wealth he has is unimaginable before. He has to gamble in the financial market, which is of little significance. If his energy is limited, don't make trouble for himself.