Rebirth of the Financial Overlord
Chapter 405 Praying Mantis Catching Cicadas
The wind is sunny and the sky is cloudless.
The towers are towering, the tops of the towers are pointed, the windows are embedded with stained glass, the walls are covered with sculptures, and there are green lawns everywhere. The pale yellow ancient Roman style buildings are sandwiched among the red maple leaf forests, which has an elegant style. .
Coexisting with this and more is another post-Gothic style, which is called neoclassicism in architecture. The most obvious difference between the two is the upper frame of the door and window. The former is pointed round, and the latter is round. It is arc-shaped. This new style is unique to the United Kingdom, and its source is in Bath, where it has been preserved most intact.
The whole town exudes a kind of elegant beauty, surrounded by clear rivers, people can feel the leisurely natural scenery here at any time.
However, no matter how good the scenery is, it needs a corresponding mood to appreciate it.
"No one understands economics and politics better than I do. Right now we're feeling the pinch of interest rates in Germany, and the collapse of the Finnish mark is in front of us. God, it's terrible. If Germany continues to stick to the current Some interest rates will bring a huge crisis to the alliance, Schlesinger, have you considered what consequences Germany will bring to the alliance if it maintains the current interest rate?"
"Mr. Schlesinger. I think Mr. Lamont has a point. The interest rate differentials put us under enormous pressure right now. The crisis in the Nordic countries is just around the corner. You can't just sit back and watch that we may face the same crisis. .”
"Mr. Schlesinger, I hope that Germany can stand in the position of the central bank to deal with the challenges faced by the ECU monetary system."
"."
A manor villa near the Abbe Church, where the finance ministers and central bank governors of thirteen countries gathered. As the British finance minister Lamont took the lead in raising the most pointed questions, Turkey and France also joined them, and the quiet and elegant hall suddenly fell into a state of confusion. Arrived in an extremely violent quarrel.
If someone from the outside world could see this situation, they would be stunned in surprise. Who would believe that in front of the public, there are all handsome finance ministers and central bank governors, and they all look like shrews.
How can a person have more than a dozen mouths in an argument? Under the gaze of pairs of eyes, Schlesinger felt very uneasy, and his first reaction was to leave the venue. He cherished the independence of the Bundesbank, which he had worked for throughout his career. He hated political pressure, especially from a group of foreigners.
What disgusted him the most was Lamont's tone and attitude, that kind of arrogance and domineering, as if Britain was the leader of this meeting, not Germany.
Does anyone understand politics and economics better than you?
That feeling, I am not as good as you.
Damn.
You are begging me now, not me begging you.
Believe it or not, Germany can kill you scumbags with one finger now?
Damn shit stirrer.
For Lamont, Schlesinger felt particularly disgusted, that kind of arrogance and domineering, it didn't seem to be begging for help, it was like giving orders.
Schlesinger hates Lamont's arrogance, and Lamont is fed up with Schlesinger's strength and disregard for the overall situation. The collapse of the Finnish mark is just around the corner. Everyone can see the reason behind it. The discount rate of 8.75/0 has caused a serious outflow of Finnish capital.
If Germany continues to maintain a strong interest rate and the mark strengthens, it will put heavy pressure on the already heavily burdened British economy.
Damn Germans, who gave you courage so strong in the face of the great British Empire.
boom--
Schlesinger's silence made Lamont anxious, and he slammed a photo on the table and stood up. He stared hatefully into Schlesinger's eyes, and his blond hair fluttered with the wind.
"Schlesinger. Twelve finance ministers are sitting here asking you to lower interest rates. Why don't you agree?"
Damn shit stirrer.
If it weren't for what you did back then, how could the German Federation be separated, how could it face such high inflation now, and Italy, they are simply pig teammates. The benefits come first to you.
Damn, it is really hateful.
Lamont's strength made Schlesinger just want to swear, but thinking of the conversation with Cole, he could only force himself to calm down.
Looking at the persuasive eyes of everyone around him, Schlesinger took a few deep breaths and finally calmed down.
"While I am not planning to cut rates, I also see no reason for Germany to continue raising rates now."
"."
Finally, a fierce quarrel was temporarily stopped because of Schlesinger's resignation. As everyone rested, the media who had been waiting for a long time blocked Norman Lamont who was going to have dinner at the gate of the manor.
There are reporters from The Sun, The Times, The Daily Mail, and The Wall Street Journal. It can be said that reporters from many well-known media organizations in Europe and the United States have come. Anyone can guess that this time the European Communist Party What kind of impact will the results of the comprehensive meeting and negotiation have on the European economy? What happened to the five Nordic countries was just yesterday.
Long guns and short cannons surrounded Norman Lamont in the center. Facing the reporters' questions, he straightened his tie, brushed his blond hair, and straightened his body.
"No one understands the economy better than me. Now we need lower interest rates to stimulate inflation. ECU is the monetary system that the European Community has been promoting. I persuaded Mr. Schlesinger, and he also said that Germany would choose to make concessions. And there won't be another rate hike."
In some respects, Lamont was right.
From an overall strategic point of view, it is the most correct choice for Germany to choose to make concessions. This will not only continue to maintain the healthy development of ECU, but also allow Britain, Italy and other countries with economies in trouble to get rid of the crisis of massive capital loss.
In fact, it was Lamont who convinced Schlesinger, and it was exactly at his request that Schlesinger chose to back down on behalf of Germany, saying that he would not continue to raise interest rates.
This is enough to be proud of.
You know, in July, the other six countries asked Germany to stop raising interest rates, but Germany was not wavered at all, and raised interest rates by 1.5 basis points.
But now, the attitude of the Germans has softened.
To be happy in life is to be happy, don't let the golden cup be empty to the moon.
Norman Lamontton was feeling elated after defeating the strength of Germany. At this moment, how long would we wait if we didn't have a drink.
night, come.
The bright moonlight rose to the sky, and the bright moonlight shone on the elegant and beautiful town of Bath, giving the whole town a hazy beauty.
In a villa located by the river, Norman Lamont invited the Spanish Finance Minister Carlos Salchaga, who had always been friends with him, to sit on a chair by the river and taste fine wine.
After a few glasses of wine, Carlos Salchaga had a look of sadness on his face.
Spain's industry itself is underdeveloped. Compared with the UK, its ability to bear risks is even worse. What happened in Finland, Norway and Denmark is deeply worrying.
He couldn't believe what would become of Spain if state speculators sold pesetas in large quantities.
Putting down the wine glass in his hand, Solchaga said worriedly.
"Lamont. Do you think it's possible for us to take Germany one step back?"
"Don't worry, my friend. No one understands the Germans better than I do. Now they want to dominate the European currency, they have to take another step back. Do you think so? I'll let the media put the pressure on Germany."
【Daily Mail】
The thirteen countries of the European Union reached a preliminary agreement at the meeting. The Minister of Finance Norma Lamont said that for the stable development of ECU, Deutsche Bank is willing to choose to make concessions. Moreover, Deutsche Bank President Schlesinger said that Germany will not choose Continue to raise rates.
ECU is an exchange rate system established unanimously by the European Community, which is related to the economic development of the whole of Europe and the fate of tens of millions of families and hundreds of millions of people in Europe.
I believe that for the healthy and stable development of ECU, Germany will make the most correct choice.
【Wall Street Journal】
Under the pressure of the twelve countries, Deutsche Bank President Schlesinger said that Germany has no reason to raise interest rates again. British Chancellor of the Exchequer Norman Lamont believes that Germany's choice is correct, and the current European Community needs a more relaxed currency policy to stimulate inflation, rather than tightening monetary policy.
Lamont expressed that he believes that in the follow-up negotiations, Deutsche Bank will make greater concessions.
United States, New York.
Stanley Druckenmiller looked at the newspaper in his hand, a trace of worry flashed in his eyes.
Today, Quantum Fund has established positions of one billion US dollars in Italy and the United Kingdom. This news is not good news.
ring ring ring——
The ear-piercing sound of the phone rang suddenly. Druckenmiller put down the newspaper in his hand and quickly picked up the phone. He knew very well that there was only one person who could call at this time.
His mentor, friend, partner and boss, George Soros.
Sure enough, as soon as the call was connected, Soros' voice came from the phone.
"Stanley. Are you worried that Germany will choose to cut interest rates because of political pressure?"
"Yes. If Schlesinger cannot withstand the pressure of the twelve countries to cut interest rates, our position will suffer a huge loss."
"No. I will never allow that. We have already lost once in Sweden. Not this time."
"So what should we do now?"
"Britain can use the power of the media to put pressure on Germany, and we can also use the power of the media to put pressure on Germany. You just need to be prepared."
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