Time slowly came to February 7, 1992, when the 12 foreign ministers and finance ministers of the European Community formally signed the Treaty of European Union in the Dutch town of Maastricht, and the treaty came into effect immediately.
The treaty stipulates the free circulation of capital within the EU, the true realization of a single market, and the perfect coordination of economic policies.
The treaty stipulates: issue a unified currency within the European Community no later than January 18, 1999, implement a common foreign and defense policy, and expand the powers of the European Parliament.
. . .
In a conference room in the New World Building, on a ten-meter-long conference round table, Luo Minsheng, Joyce, Lu Wenli and some core members of Universal Securities were sitting at the table, looking at three big characters on the big screen - —ERM.
Chen Yi stood next to the big screen and explained to everyone with a pointer.
ERM - the European exchange rate mechanism, sets a fixed central exchange rate for the exchange rates of member countries' currencies, allowing the exchange rate to fluctuate within a certain range above and below the central exchange rate.
According to regulations, new EU member states should integrate their currencies into the ERM-2 system that allows exchange rates to fluctuate within a range of 15% above or below the central exchange rate for two years before joining the euro area.
"The biggest problem with ERM is the gap between the economic strength of each member country, and there will be some deviations from expectations during the coordination process."
A group of core staff of Huanyu Securities are speculating on the purpose of the boss calling them over for a meeting. This time it is rare for the boss to preside over the meeting in person. The last time the boss held a meeting in person was during the Japanese stock market crash. At other times, if there were any big actions, it would be Lu Wenli or Luo Luo. Min Sheng is hosting.
The people present were all elites. Seeing this posture, they all wondered if big news was about to happen somewhere. Sure enough, not long after sitting down, they saw the three letters ERM.
What the boss just said is basically known to most financial practitioners, let alone them. But since the boss brought it up, there must be more to it, so they continued to listen to Chen Yi's story.
"Of course this is not a big problem, otherwise ERM would not have been operating well for so many years. The problem is that if banks in various countries do not have the ability to intervene in exchange rate coordination, then..."
Chen Yi didn't say the next words, leaving some room for imagination for those present.
A group of people in Huanyu immediately reacted, quickly turning their brains, imagining the scene after a certain member country's central bank lost its ability to coordinate, and their eyes widened instantly.
At this time, a man in his thirties raised his hand and asked. His name was printed on the name tag on the round table in front of him, Lin Jiayao.
"But boss, haven't the central banks of various member countries adjusted very well over the years? We have no chance." This question is also on the minds of most people here.
"The Hans merger created a big loophole in the system. The Hans mark is too strong. The currencies of many other countries, such as the Italian lira and the British pound, are under huge depreciation pressure. Can you solve this loophole? operate?"
A group of people quickly thought about whether this loophole could be exploited, but as soon as they thought about it, they found that the economy of Niu Country had been too stretched in the past few years, and Hans's economy was developing rapidly due to the merger, but its debts were increasing. high.
In this way, there is an irreconcilable contradiction between the currencies of the two countries.
The Niu government's economic policy of maintaining high interest rates is under increasing pressure. It definitely expects Hans to cut interest rates. Once Hans cuts interest rates, it may lead to domestic inflation and may trigger an economic collapse. He will definitely not agree to this. The pound was just dragged away by Mark.
Not only the cattle country, but also the central banks of some other countries, such as Italy and Italy, are also facing huge pressure to cut interest rates or depreciate. Can they maintain coordination with Hans, who has strong economic strength, on relevant economic policies?
Once the markets of these countries are turbulent and they are unable to resist, will Hans, as a core country, sacrifice its own national interests to help these countries?
Everyone was excited when they thought of this, but they quickly calmed down.
The boss wants to short the pound!
As soon as this idea came out, everyone's enthusiasm seemed to be extinguished by a basin of cold water.
Although the Niu Kingdom is indeed a bit stretched now, after all, it is the empire on which the sun never sets that once ruled most of Blue Star!
Although a good man does not mention his former bravery, there is another saying - a skinny camel is bigger than a horse.
Although New World Group can be called the number one brother in Hong Kong Island, but what about taking action against the British pound?
The metaphor of an egg hitting a rock is an exaggeration.
This is not a separate company, but a country, and the country is a member of the European Community. If you touch the pound, you will offend the entire European Community.
And even if they succeed, what if MI6 comes to do something for them?
This is completely thankless!
Chen Yi looked at their expressions and continued: "Have you forgotten what happened more than a month ago?"
Um?
Didn’t the Russian alliance disintegrate more than a month ago?
Could it be?
People who react quickly, such as Lin Jiayao, suddenly thought of something.
"Yes, the Russian alliance has disintegrated and the Russian alliance is gone. And today the European Community signed the Treaty on European Union. So what do you think Wall Street will do?"
"Boss, what do you mean?"
"If the Russian alliance is still there, it is estimated that the United States will continue to indulge European countries in joining forces to keep warm. But now, will it be indifferent to the piece of fat in front of it?"
Lu Wenli has another question: "Boss, when foreign exchange prices fluctuate too much, the central banks of EMR member countries have the responsibility to intervene in the market. If Hans cannot resist the pressure and cut interest rates, even Wall Street will lose miserably!"
"I just hope that the central banks of various countries will intervene so that we can make money! As for what you said about asking the Hans Federal Bank to cut interest rates? How could you have such a funny idea? Have you forgotten the special nature of the Hans Federal Bank? ?”
Lu Wenli didn't know what Chen Yi meant at first, but she finally realized it after Hans Federal Bank's information flashed in her mind.
Since experiencing hyperinflation, which helped the rise of Mustache, Hans was once bitten by a snake and was afraid of well ropes for ten years. Hans Federal Bank's first task is to specifically combat inflation, and it wants to devalue the pound sterling. They cut interest rates?
Haha, it would be nice not to raise interest rates. You are just depreciating the pound, but we may have another mustache!
At this point in the discussion, everyone became excited. If it goes according to what I said, maybe this wave will make more money than even the Japanese stock market crash!
"Okay, today I just want to briefly introduce to you what we are going to do this time. If there is no problem, go down and get ready. Maybe Wall Street has already started to take action."
"Okay, boss."
. . .
After everyone left, Chen Yi sat blankly alone in the conference room. After a long time, he sighed and walked out of the conference room.
Chen Yi walked in the corridor and wondered if something was wrong with him since Lankes and the others died?
Unless there are special circumstances, I usually only sleep four hours a day. I go to the New World Building on time in the morning. In the afternoon, I either stay in the New World Building until after get off work or go to the factory. I don’t go fooling around at night, just stay in the small bar. .
Apart from going out with Wang Jianjun and the others to carry out several beheading operations, he didn't have any serious spare time activities?
Especially after setting up several bottomless projects, I seem to have been trying every means to make money, make money, make money. Isn't this kind of life a bit too monotonous?
I am still a fifteen-year-old child!
Unknowingly, Chen Yi walked to the door of an office. Without knocking, he took out a short piece of wire and pried it open before pushing the door open and entering.
