Rebirth of the Financial Overlord

"What's more, the French francs in the market have been sold out, and the French dare not lend us money."

"Italy is too poor to get rid of the pot."

"Spain"

"."

After discussing for a long time, the think tanks and cabinet members of the Prime Minister's Office did not discuss one, two, three. Italy and Spain are now clean, and they don't know who they want to borrow money from.

The Japanese are shorting the pound, and asking them to borrow money is tantamount to being slapped in the face; if the relationship between Britain and France is put there, if you go to the French to borrow money now, you will only be humiliated and absolutely unable to borrow money.

As for Germany, the strongest in Europe, Schlesinger's attitude has long made it clear that he wants to kick them out and borrow money, not to humiliate himself.

Is the British Empire shameless?

This result made Norman Lamont silent.

Although no one accused him of the knock-on effect of shorting the lira, but now these guys simply don’t want to take responsibility. The IMF’s money is there, and this kind of selective blindness is not at all. other reasons.

"We can borrow money from the IMF."

"Oh. Why didn't I think of that."

"My God. You're so smart, Norman."

"I agree with Mr. Lamont's proposal. It is the most sensible choice to borrow money from the IMF at this time."

"."

There was never a moment when Lamont found the word clever to be a curse.

In the end, Sister Mei couldn't stand it anymore. As the prime minister, at this time, she must take the responsibility that the prime minister should have.

"Norman. I believe that the IMF will agree to our request. Then you can deal with this matter. Is there anything else?"

"."

Norman Lamont couldn't help being silent again, but he still had to mention the interest rate increase.

"Just borrowing money to buy sterling may not guarantee the safety of sterling. We need to continue to raise interest rates to retain capital."

Continue to raise interest rates?

Mrs May's brows knit together, he was responsible for bringing the UK into the ECRM, if continuing to raise interest rates would represent a failure of his policy and his credibility would be crumbled, the opposition parties have been looking Opportunity, several other bastards are waiting for him to make mistakes, and he must not continue to raise interest rates.

"Oh. Norman, hold on again. It's not the time to raise interest rates yet. New economic data will come out later. I believe that the market will eventually calm down."

When Lamont called Mrs May, British officials were trying to project confidence.

Eddie George, vice president of the Bank of England, stood in the news interview reception department and faced many media reporters. He was very confident. He was wearing a plaid shirt and a striped tie. He was dressed like a London banker and had blond hair. The golden glow reflected in the sun, and the condition looked very good.

"Mr. George, according to the regulations of the exchange rate mechanism, if the pound wants to stay in the ECU, it needs to stabilize its price at the lower track of the exchange rate mechanism, but now that the price of the pound has fallen below this range, does the central bank have more plans to Keep Britain in the European Union."

"Specifically, I can't tell you, but I think you can understand. But I can tell you that everything is under our control. The Bank of England has hundreds of years of history, and Mr. Norman Lamont is also the most powerful Chancellor of the Exchequer , no one understands finance and economics better than him."

Facing the reporter's question, Eddie George said cheerfully, as if the Bank of England had laid out a matrix, waiting to deal a fatal blow to the short sellers in the market.

However, where prostitutes have fuel-efficient lamps and fuel-efficient, they will not be reporters. After Eddie George finished speaking, a female reporter mustered up her courage and directly asked a very serious question.

"Mr. George. Don't you worry that the Bank of England has gone too far in this matter and is behind the times?"

behind the times.

This is a word that the British hate the most, because it reminds people of the weakening of the empire on which the sun never sets, and Eddie George's face becomes a little ugly.

“While unlikely, but in an extreme scenario, it is certain that the central bank will raise rates by a percentage point to drive out speculators. We will show them the iron fist of Great Britain.”

ring ring ring——

The phone rang unexpectedly from his pocket, and Eddie George took out the phone and pressed the call button.

"George. It's me, listen. We raised rates five hundred basis points in two hours and the market didn't climb the way we expected. Obviously, our intervention failed. You've got to do the worst. preparation."

It was as if a thunderbolt flashed across his consciousness. Eddie George was horrified. The central bank raised interest rates by 500 basis points, but the intervention failed. This means that the British pound will inevitably withdraw from the European exchange rate mechanism. Powerless.

But this news must not be revealed. Once it is revealed, all the people will take their money to the central bank to exchange it into foreign exchange, and it will be a disaster. When he turned around, the discoloration on Eddie George's face had been hidden, only a little abnormal white, and he was frightened before proving it.

"I just received a piece of news that we are actively responding to the current market conditions, and I can tell you with certainty that the pound will never depreciate."

"Mr. George, yes."

"Sorry. I need to get back to the office to take care of something now."

"."

Hurrying back to the bank in the car, a brief meeting was quickly held under the chair of Robin Leigh Pemberton.

"Everyone already understands the current situation. I don't know if you have any other good ideas."

"I think. At present, the panic in the market must be stabilized first."

"But it takes money, a lot of money."

"No. Confidence is more important than gold. We can contact some banks, institutions and giants to express their attitude and their trust and support for the pound."

"But there's no way those greedy guys are buying sterling at this time."

"That's not a problem, the problem is that they stand up and can dispel the sentiment of people selling sterling."

"."

With the end of the Bank of England meeting, famous industrial giants made remarks saying that fundamentally speaking, the pound does not have much depreciation expectation. As a British, it is the responsibility to protect the country's sovereign reputation. billion to support the exchange rate.

At noon, the president of National Westminster Abbey also made remarks in support of the pound.

He said that currency is a country's sovereign reputation. In the face of malicious attacks by international capital, as a citizen of Great Britain, he should support the price of the pound. The Bank of Westminster will buy 200 million U.S. dollars to support the price of the pound. Will buy one million dollars to back the pound.

One, two, three.

A professor at the University of London, a famous economist, a famous entrepreneur, and a banker, passionately condemned the sniping of international capital on the pound as a malicious war. As a British, in this despicable war, we must take up arms Defend the dignity of the pound.

One said so, maybe nothing.

But when many social celebrities and social celebrities made similar remarks and said they would buy pounds to support the exchange rate, the whole of Britain fell into a war of public opinion.