Resource Tycoon Reborn
Chapter 902 The Eve of the Outbreak
In late October, Germany has become colder, and the continuous rain has caused the temperature to drop below ten degrees. . Fastest updated In the Welf family manor outside Dortmund, everything seems to be business as usual, but secretly it is twilight.
The patriarch of the family who has ruled the family for decades, old Welf is about to reach the end of his life.
Ansplenger and Abendrot were sitting in the spacious and bright living room. Both of them looked a little haggard and depressed. The maid served them coffee, and Abendrot waved his hand.
The maid bowed knowingly and retreated, closing the door.
"I'm afraid the patriarch will only be here for a few months." Ansprunge sighed. Although they had known about old Welf's physical condition for a long time, they still found it difficult to accept this.
Facts. The two of them and old Welf are from the same mother. When old Welf was able to become the leader of the clan, he also experienced a bloody battle within the clan. The two of them were his most powerful right-hand men at that time. And old Welf these
Over the years, he has also proved that he is capable enough to serve as the patriarch of the Welf family. The Welf family has flourished after the war and once again reached the pinnacle of European wealthy families.
"Yes!" Abendrot couldn't help but sigh. Having a powerful and long-lived patriarch who is not old and foolish is undoubtedly a blessing for a wealthy family like the Welf family.
But everything has pros and cons. Old Welf is now seriously ill, which is a major blow to the Welf family. They are still firmly concealing Old Welf's illness, except for a few core members.
Externally, it was only claimed that old Welf was recuperating at his manor in Dortmund.
"Sometimes, I also think that we have to thank this economic crisis, otherwise, our current and future situation will be even worse." Ansprenger leaned on the sofa, looked at the drizzle outside the window, and said quietly
.The impact of this economic crisis on the European economy has far exceeded the initial expectations of Europeans. Even those economists did not expect that 2009 has passed and there is still no sign of an economic crisis.
The sign of the turning point is coming. Whether it is Europe, North America, or Asia, everyone is waiting hard. And it is precisely because of this that the opponents of the Welf family are now busy with themselves, and naturally they have no energy to borrow from Welf.
To suppress the change of the head of the Welf family, even if some of them have intentions, they have to consider what the consequences will be if the Welf family, which has not lost its strength, fights to the death.
"Alas..." Abendrot also sighed, "But we two can't be careless, there are stupid people in every era! Don't forget, behind every change of clan leader...
..." Abendroth did not continue, but Ansprenger knew exactly what he was going to say. For these wealthy families in Europe, every time power is transferred, bloodshed is the norm, and peaceful transfers are the exception.
Of course, the Welf family cannot be unconventional.
"Who said that none of the second generation of our three brothers can convince the public!" Ansprenger said helplessly. Angelina's father, Philip George Ruger Anderson Welf, was not the best among the second generation.
The one who passed the clan leader to him, I believe there will be many people in the clan who are not convinced, but if it is not passed on to Philip, even if Fang Mingyuan is willing to take over the position of guardian, if the family does not cooperate with him, then the final result
There are just two, Fang Mingyuan gives up this responsibility, and the Welf family will fend for itself; or Fang Mingyuan is forced to cleanse the Welf family.
"Your Martel, you should pay more attention to it." Ansprenger said softly. Martel, Marshall Ruger and Anderson Welf are Abendroth's third son.
"Georg, you should also pay attention." Abendroth said without raising his head. Georg Ludwig Friedrich Welf, the grandson of Ansprenger, Angelina
His cousin had an unpleasant past with Fang Mingyuan in Russia many years ago. The two had a bet, but he lost miserably. After that time, Georg showed a somewhat hard-working attitude, but Fang Mingyuan
He has developed faster and better than him, and now, the gap between the two has widened to the point where it can be called a chasm. He has also heard some rumors about Georg cursing and angrily cursing Fang Mingyuan.
The two of them sighed in unison and looked at each other with a wry smile. The family was spreading, naturally there were many descendants, and it involved the distribution of huge interests. Some things were unavoidable. But as elders, there were some things that we really didn't want to do.
See, even back then they came out of iron blood.
"We are all old and our hearts have softened!" Ansplenger said with a bitter look on his face.
"You are seven years younger than the patriarch and five years younger than me. The family will rely on you for many things in the future. Don't always talk about being old like me!" Abendrot said with a straight face,
"Don't forget the mission assigned to you by the clan leader."
"We haven't decided yet who will come first." Ansplenger rolled his eyes at him and said. His physical constitution is far inferior to that of his second brother. He has been sick since he was a child. Some people once said that he would not live to be fifty.
"By the way, how are the arrangements in Greece?" Abendrot said seriously, putting down his coffee.
"Basically, everything that can be evacuated has been evacuated." Ansplenger took a sip of coffee and said, "Moreover, we have also obtained conclusive evidence that Greece does have problems as Mingyuan said."
"Is there really a problem?" Abendrot's eyes lit up and he lowered his voice.
"Well, the Greek government has been lying about its fiscal deficit and public debt. Although we have not yet obtained the most accurate data, what is certain is that Greece's fiscal deficit this year will account for more than 100% of its GDP.
Ten percent, and its public debt will exceed 100 percent of its GDP!" Ansprenger said categorically.
"Why is it so high?" Abendroth couldn't help but gasped. This figure far exceeds the ratio of fiscal deficit and public debt to GDP stipulated in the EU's Stability and Growth Pact.
Exceeding the upper limit of 3% and 60%! Although as far as he knows, the actual situation of many countries in the EU has exceeded this standard, but it is not as exaggerated as Greece!
"Judging from the information we have obtained so far, Greece did not meet the standards when it joined the Eurozone. These guys lied about their debts!" Ansplenger said bitterly. Greece is also a member of Welfare.
If Fang Mingyuan had not reminded them in advance to pay attention to Greece, it would be too late to withdraw funds from Greece in time by the time they noticed the problems in Greece. And once the Greek debt crisis was exposed, they would not be able to withdraw funds from Greece.
The losses will be even greater if countries and industries withdraw from Greece. This is clear when you look at Iceland, which is bankrupt, and Dubai, which is almost bankrupt.
"You mean, when they first joined the Eurozone, they did not meet the joining standards of the Maastricht Treaty?" Abendrot said in surprise. At that time, the EU countries decided to unify their currencies and establish the euro.
When the European Union entered into the Eurozone, the Maastricht Treaty signed by various governments clearly stipulated that any country that wants to join the Eurozone must meet two key criteria: the budget deficit cannot exceed 3% of the GDP and the public expenditure must not exceed 3% of the GDP.
Debt is less than 60 percent of GDP.
"Yes, Greece did not meet the standards at that time. These bastards, they deceived the entire European Union!" Ansplenger cursed, "Those guys at the European Central Bank are also a bunch of idiots!"
"I remember that Greece joined the Eurozone in December 2000. For more than eight years, successive government prime ministers should have known about this situation, so they continued to improve the welfare benefits of their citizens? I remember their civil servants
Children, as long as they are not married after the death of their parents, can still receive their parents' pension." Abendrot said in disbelief.
Greece is also considered a country with high salaries and better welfare benefits in the EU. Abendrot still remembers that during the 2004 Greek Olympics, German newspapers reported that many EU countries went to Greece to watch the Olympics.
People in Athens think that the consumption in Athens is too high. A cup of ordinary coffee costs four to five euros, and a taxi starts at five euros. But the Greeks don't care about this. Especially its government civil servants are even more popular among Greeks.
Popular among people.
"Everything is for the election and for themselves!" Ansprenger said disdainfully. "The Greeks have long been corrupted by their comfortable life. They don't care about the future of the country at all. Which political party promises them higher welfare benefits?
They just choose that party. But they turn a blind eye to the country’s financial expenditure and debt! Moreover, among these welfare benefits, officials and civil servants are the biggest beneficiaries. They occupy the largest piece of cake in Greece’s annual financial expenditure, which makes
They spit out what they swallowed themselves, how is that possible!"
Ansplenger sent a report to someone and handed it to Abendroth. The more Abendroth read it, the more frightened he became. He kept gasping. After seeing the end, it was already shocking.
Although Abendrot was not completely ignorant of the situation in Greece, he did not expect that the situation in Greece had become so bad!
"Greece's corruption has reached an alarming level, and a large amount of national finances have been swallowed up by a small number of interest groups, including officials and civil servants, from their salaries, bonuses, and pensions. Their welfare benefits have reached levels that we in Germany must also look up to.
What’s even more troublesome is that almost all of them are evading taxes. Our economists and tax experts believe that Greece may have lost as much as 30 billion euros in taxes. Moreover, they have too many officials and civil servants, accounting for
It accounts for more than 10% of the country's working population, which is much higher than the proportion in other EU countries. A large amount of fiscal revenue has been squandered by these people." Ansprenger said calmly, "Greek citizens are not unanimous about this.
They don’t know anything, but they didn’t think of ways to change this reality, but tried to squeeze into the ranks of civil servants. Now, it’s time for them to pay the price for this!”
"You mean Papandreou will expose this matter?" Abendroth raised his head and asked.
"Well, I think it's very possible." Ansprenger sat up straight and said, "Greece has been relying on continuous loans to maintain the normal operation of the country over the years. If the subprime mortgage crisis did not happen, it did not happen.
Economic crisis, I think they can continue to hide this fact. But now the global economy is in recession, Greece does not have many industries that can be used, and the tourism industry it relies on has been hit hard by the economic crisis. 2.
Brother, do you think they can still borrow money easily now?"
Abendroth pondered for a long time and nodded slowly. Ansprenger was right. Now the global financial industry has been hit hard due to the subprime mortgage crisis. The European financial industry is also the hardest hit area, and the economic crisis has made these banks and countries
They are all tightening their spending, and it is much more difficult for Greece to obtain large loans than before the crisis. And if it cannot borrow enough money, what will Greece use to repay its upcoming debts? This is the case with Iceland.
The same is true in Dubai. Once it is unable to borrow new models to repay old debts, a crisis will erupt.
Papandreou is naturally a smart man to become the Prime Minister of Greece. If he exposes this matter at this time, just a few days after taking office, then the responsibility does not lie with him, but with the previous government.
, and if it is to be delayed for another six months and a year, then he will not be able to escape responsibility for this scapegoat. At that time, the angry creditors, Greek nationals and other governments of the EU countries will pour out all their anger on his head! So!
, at this time, it is most beneficial to him to burst Greece's debt bubble.
Of course, if he can successfully obtain a huge loan from the global financial market, enough to enable Greece to survive this economic crisis, and when the economy recovers, he may hide this matter like his predecessor.
After all, once this bubble bursts, he is unwilling to face the subsequent impact. By then, the international community will definitely require Greece to reduce welfare expenditures to repay debts, and Greek citizens will definitely not be willing to lose their superior and comfortable life.
In life, the government will be like a mouse caught in a bellows, in a dilemma!
Greece is a multi-party country, and Papandreou's party, the Panhellenic Socialist Movement, only received 43% of the votes in the general election. This determines that Papandreou cannot impose power in the Greek parliament.
Any decision must be made in alliance with other political parties. This can be imagined by looking at Argentina and the subsequent countries that fell in the Southeast Asian financial crisis.
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