Resource Tycoon Reborn

Why has the Eurozone not improved significantly after the global economy reached an inflection point? If you ask ten people this question in 2017, you may be given multiple different answers. For example, the government

Officials are incompetent, welfare expenditures have not been well controlled and have turned into feeding the lazy, the national economic and industrial structure has not completed the reform... and so on, but these people will probably mention one reason, and that is the influx of a large number of refugees.

Europe!

Although most of these countries in Europe are facing the threat of aging, one of the most important ways they deal with this problem is to allow immigration. Europe's developed economy and good welfare have also become the basis for many developing countries.

The first choice for nationals to immigrate. But please note that European countries need immigrants, not refugees!

Although Fang Mingyuan did not live until 2017 in his previous life, in 2012, some signs of turmoil in Arab countries had already emerged, such as Tunisia, Egypt, Libya, Yemen, Bahrain, Syria, and many others.

The country has experienced turmoil of varying sizes.

In this life, Tunisian President Ben Ali had to abandon Tunisia, a country he had ruled dictatorially for 23 years, and flew to Saudi Arabia for political asylum late at night on February 25 this year. Fang Mingyuan believed that,

Turmoil in other countries will begin one after another.

These countries are not far from Europe, or they are just across the Mediterranean Sea. Although the Mediterranean Sea is also a "sea", for modern shipping ships, the risk of sailing in the Mediterranean Sea can be said to have been reduced to very low. Once

When social unrest occurs, or even a civil war like in Syria, local people will definitely smuggle to Europe in large numbers in order to survive. European laws and public opinion prevent the government from completely closing the country when dealing with refugee affairs. By then, millions of

The influx of refugees into Europe has brought about various social problems, which are enough to make European governments overwhelmed. Social instability will naturally have a strong negative impact on economic development.

Although European countries have never publicly condemned the United States on this matter, and some European countries were involved in the unrest in these countries, in this matter, the Americans benefited and the Europeans were unlucky.

It is an indisputable fact. Fang Mingyuan has always believed that this is a conspiracy by the United States to hinder the continued expansion of the EU's power and expand its influence in these countries.

The United States does not allow other countries to challenge its status in the world. It can be said that whoever steps forward will suppress whom. In the future, there are only a handful of countries that can threaten the status of the United States. Among them, the European Union, once integrated successfully, will undoubtedly be

The most powerful one. So it is logical to add some obstacles to the EU and create some conflicts.

Regarding these things, Fang Mingyuan has mentioned them to old Welf and Philip before. Of course, it is impossible to say them in such detail and specificity. But for Angelina, they have not mentioned these things. But Angelina also

She is not a vase-shaped woman. Fang Mingyuan only clicked a few words and understood completely.

"I understand, that is to say, in two or three years, you are still very unfavorable about the economic development of Eurozone countries. The development of the family must pay attention to controlling the scale." Angelina concluded.

"Is the Rusko family happy recently?" Fang Mingyuan filled the coffee cup in front of Angelina and asked with a smile. Although he could also contact Europe in Japan, some things still sounded more interesting in person.

"The Rusko family has too much to take care of themselves now. If it weren't for my father, they think they should focus all their energy on integrating the family's strength, huh..." Angelina immediately became excited and said.

Bertram Ferreira Rusco stood in his office at the headquarters of Intesa Sanpaolo, looking into the distance. Although he was still the dignified and majestic chairman in people's eyes, he was familiar with him.

Anyone can easily detect the worry in his eyes and brows.

As Angelina and Fang Mingyuan said, Italy's economic situation is very bad and it may fall into a debt crisis in the future. As the chairman of Intesa Sanpaolo and director of Telecom Italia, he is the third person in the Rusco family.

, naturally understand better that today's Italian economy has reached the edge of danger.

Most directly, due to the double impact of the economic crisis and the debt crisis, although Italy has many world-renowned brands, it is the third largest economy in the Eurozone, the seventh largest economic power in the world, and the fifth largest tourist country in the world.

halo, but it cannot change the reality that the living standards of the Italian people have declined significantly. According to a nationwide spot check in Italy, more than half of Italian families believe that their spending power has declined, and 10% of Italian households believe that their spending power has declined.

People over 40 said they had to reduce their car use, dining out and entertainment consumption due to falling income.

In Italy, tourism is a pillar industry. In 2010, Italy received more than 40 million foreign tourists, and tourism revenue reached more than 24 billion U.S. dollars. In the past two thousand years, Italy's tourism industry

The turnover exceeded 70 billion US dollars, accounting for about 6% of the GDP, and the net income exceeded 25 billion US dollars!

The deterioration of the economic situation has not only affected the living standards of the Italian people, but also seriously affected the Italian business community and financial sector. There are many small and medium-sized enterprises in Italy, accounting for 98% of the number of enterprises. These small and medium-sized enterprises are facing

When the economic crisis hit, its ability to withstand was very poor, resulting in a large number of domestic companies going bankrupt or on the verge of bankruptcy, and a large number of people becoming unemployed. This naturally also had a further impact on the Italian financial sector, which was already suffering from the subprime crisis.

In 2010 alone, the Italian stock market fell. The ftse Italian All-Share Index fell by 14%, while the share price of Intesa Sanpaolo fell by 27%! This has caused investment

The investors suffered heavy losses. The Italian bank Intesa Sanpaolo also suffered a serious loss of more than 4.5 billion euros in 2010, which caused the U.S. credit agencies to announce that they would lower its credit rating from stable to negative.

.This is undoubtedly another heavy blow to Intesa Sanpaolo, which is already in dire straits!

Of course, Intesa Sanpaolo is not the only unlucky one. Compared with its Italian counterparts and even its EU counterparts, the situation can be said to be a blur. The share price of Italian Bank of Siena Group fell.

More than 30%, three Italian banks have had their long-term outlook changed from stable to negative by rating agencies, and four other banks, like Intesa Sanpaolo, have been "threatened" by rating agencies.

Not to mention Greek banks, the share prices of Allied Irish Bank and Bank of Ireland have shrunk by more than 40%, the share prices of Spanish banks bbva and Santander have dropped by more than 7%, and the Spanish government has also taken over two savings banks.

Banks, and six other savings banks have struck merger deals to jointly face the impact.

Even French and German banks with better operating performance were not immune to this impact. German banks held more than 20 billion US dollars in Greek bonds, and French banks held more than 15 billion US dollars in Greek bonds.

Bonds. The Italian government bonds currently held by French banks and German banks exceed US$100 billion and US$50 billion respectively. You can imagine the difficulties they will face once the debt crisis expands.

Of course, Intesa Sanpaolo is not qualified to laugh at the law. For its counterparts in Germany and Germany, the total amount of bonds held by Intesa Sanpaolo in Italy, Greece, Ireland, Spain and other countries exceeds 40 billion US dollars. If this bomb is not

If it can be properly resolved, he doesn't know whether Intesa Sanpaolo will face bankruptcy liquidation, but his position as chairman is definitely not guaranteed!

And if he cannot keep his position as chairman of Intesa Sanpaolo, then he may also lose his position as director of Telecom Italia, and his status in the Rusco family will also decline significantly, and even

Since he had become a marginalized figure, he never had the chance to get involved with the clan leader. Bertram let out a long sigh and returned to his desk from the window, thinking hard about countermeasures.

The crisis that Intesa Sanpaolo is facing now is not only the loss of performance and the inability to redeem the bonds in time. The biggest crisis now is that the European credit market is showing signs of freezing. Due to concerns that European governments may not be able to save their debts

The banking industry in crisis has caused panic among investors, causing a large number of funds to show signs of withdrawing from European banks.

The withdrawal of a large amount of funds from European banks means that the European banking industry has lower capital, higher financing costs, and an actual increase in debt ratios. If things go on like this, the European banking industry will eventually collapse. Intesa Sanpaolo is a major player in the European banking industry.

One of the members and the best can be said to be facing the same predicament.

"Banks have cash in hand and are unwilling to lend, and investors have cash in hand and are unwilling to invest!" Bertram muttered to himself. If this situation occurs, it will undoubtedly be the worst for the banking industry. Now in Italy

What Intesa Sanpaolo needs most is the confidence of investors and depositors in its future development!

As long as they have confidence in the future development of Intesa Sanpaolo, both the stock price and the savings will remain stable and rise. Even a temporary performance loss will not shake his position on the bank's board of directors with the backing of the Rusco family.

status.

But everyone knows the truth. It is not an easy task to achieve this goal. He couldn't help but think of HSBC Holdings. Although the European banking industry can be said to be full of troubles, it is not without outstanding people. HSBC Holdings

Ltd. is one of them, and it is also the most dazzling one. In 2010, although HSBC Holdings Co., Ltd.'s business in Europe also declined to a certain extent, it still obtained more than 8 billion in Europe.

dollars in pre-tax profits! And, thanks to its North American business turning a profit, its global pre-tax profits exceeded $12.5 billion!

Such performance is the envy of many banks in Europe, but for Bertram, it is not just envy, because he knows that Fang Mingyuan also has a seat on the board of directors of HSBC Holdings Co., Ltd.

For Fang Mingyuan, Bertram no longer hates him, but hates it with deep worries. Today, the Welf family and the Rusk family have completed the offensive and defensive transformation. If it weren't for the death of old Welf

, causing the Welf family to focus most of their energy on the reorganization and rectification of the family business. Otherwise, the Welf family will definitely not miss this opportunity to attack the Rusko family!

Although Germany, which is also hit by the economic crisis and focuses on the development of manufacturing, is in a much better situation than Italy, which has developed tourism. The industries of the two families are also spread across Europe and even the world, but most of the family's core industries are

They are all in their own country, which determines the current situation of the two major families. Moreover, most of the important allies and vassal families of the Rusco family are struggling to support themselves under the impact of the economic crisis and cannot provide more help to the Rusco family. This makes

Nowadays, the Rusko family no longer has the original ambitions, and there are more voices in the family that want to negotiate peace with the Welf family. If the Rusco family and the Welf family reach a peace agreement, then they have great potential.

He might become the scapegoat of the family and leave it to the Welf family, but at that time he was the most active and most successful family member in attacking the Welf family.

Although the patriarch is still firm to this day, Bertram knows very well that the war between the two families is not fundamentally different from the war between the two countries. If he says that something cannot be done, he is bowing to the Welf family to preserve the family.

There is nothing surprising about strength. Therefore, it is a foolish thing to place one's wealth and life entirely on the family.

The reason why the Welf family is what it is today, Fang Mingyuan must have played a vital role in it. Otherwise, how could old Welf marry his most cherished granddaughter to him without any identity, and also let him

He holds an extremely special position in the Welf family. The scene when old Welf and Philip handed over the patriarch of the family flashed in his mind again.

"You still have to rely on yourself!" Bertram said softly.

The phone on the desk rang, and the sweet voice of the secretary came, "Chairman, Mr. Wen from China will arrive at our headquarters building in five minutes."