Age of Dreams

The European debt crisis is indeed a big storm in the financial and economic fields.

Facts have proved that the debt crisis in Greece does not exist in isolation at all.

After them, in mid-September, Portugal was exposed to the same problems as Greece. The same was the heavy debt and lack of repayment ability. The government had no capital to deal with the crisis. What awaited them was a sum of loans.

Portugal's funds will last until the end of this year at most, but the debts they face from banks such as the World Bank and the Royal Bank of Scotland amount to more than 20 billion euros, and the domestic banks have a lot of bad debts.

After the news was leaked, Portugal panicked. The government immediately announced that they would drastically cut public expenditures and would actively raise funds to fight for the government not to go bankrupt by March next year.

What makes Portugal even worse is that the three major US rating agencies rushed to join in the fun, directly turning Portugal's national credit to the same level as Greece, reminding of the huge debt risk and insolvency.

Then their banks suffered the same treatment. After the credit rating was lowered, a run was inevitably ushered in, and then the bank had to suspend business, which caused too much panic.

In fact, after Greece announced the reform of shipping, countries like Portugal followed it. Everyone has already seen that Portugal will be exposed to crisis sooner or later.

But what I didn't expect was that Portugal would fall so fast, even saying "fight not to go bankrupt".

Even because Portugal's area is too small, there is no room for maneuvering at all, so as soon as their debt crisis broke out, the situation seemed to be worse than that of Greece.

The Portuguese knew that their government was about to go bankrupt, and various welfare measures would cease after next year. They immediately gathered a group of hundreds of thousands of people to demonstrate in Lisbon, the capital of Portugal.

This kind of execution is completely more active than the Greeks. If they were half as active as the protesters, they would not become what they are today.

Italy, Spain and Ireland seem to be unable to sit still. Their heads of government have spoken on various occasions, saying that their country's economy has indeed been affected and that national debts do exist, but Britain, Germany and France have promised to rescue them. The first payment will be available immediately, so please don't panic.

However, some things cannot be concealed.

Since these three countries have said that they are in a debt crisis, the people are naturally unstable.

The economic and people's instability in these countries has affected many small countries to a large extent.

Which country has no foreign debt?

The United States is the largest foreign debtor country!

But they have a strong dollar financial system. As long as the system does not collapse, nothing will happen.

Now these few EU countries are in the euro zone, and their national shocks have directly affected people's perception of the euro. There are countless investors who dumped the euro at a time, and the euro has ushered in a serious crisis.

What is the biggest support of a currency?

Of course it is its credit!

If everyone believes that your currency is valuable and you can buy things at home and abroad, then your currency is valuable. As for whether your 100 yuan is printed out at the 0.1 yuan paper cost, it has nothing to do with whether it is valuable or not.

The US dollar is such a currency. Therefore, the Yankees started printing money every time a financial crisis, devaluing it drastically, known as "quantitative easing," in fact, it was printing paper to pay back the money.

If you don’t believe that your currency is valuable, then you can’t buy things in this currency, even if you say that the production cost of my paper currency is as high as 100 yuan, it’s useless.

The currency in circulation in many small countries falls into this category.

So they want to buy things outside, they can only use dollars.

How come?

Then use your own real gold and silver, material minerals and other things to exchange it!

You can get so many good things from banknotes printed on paper. Do you think everyone is greedy for Yankees?

Therefore, Europe united to form an EU. After issuing a unified currency, the Euro, it hopes to be used as a clearing currency within Europe before being promoted to the world.

You Americans use paper for resources, and I can do it in Europe too!

then. The United States saw it in its eyes and remembered it in its heart. Now that it has a chance to step on it hard, it is no hesitation to start.

Once the euro zone is unstable, and even the euro loses its credibility, it will not be a problem of economic and popular instability in these European countries. You can immediately declare the dissolution of the European Union and reimbursement in Euro.

Without the euro competing with itself for the right to liquidate the currency, then the United States can continue to print money in exchange for the fruits of the labor of the people of the world.

This is the intention of the United States.

The European debt crisis is more troublesome, but what is even more troublesome is fueled by the United States.

Both the three major rating agencies and the newspapers and magazines of the United States are adding to the psychological burden of the European people and causing a major blow to the Eurozone and the European Union.

Goldman Sachs and other Wall Street investment banks and fund companies are another means by the Americans.

In addition to the national debt crisis, Greece, Italy, Spain and other countries, and even Germany, France, and the United Kingdom, still have credit default swap insurance.

Now Greece and Portugal are obviously about to default on their debts. Then the credit default swap insurance purchased by these investment banks before, the banks will have to pay the same amount, and the funds involved at least exceed 50 billion euros!

Don't think that banks are rich. European and American banks have very small deposit and loan interest rates. It is impossible to be like the banks in China. You can make a lot of money just by eating the interest difference.

Firstly, foreigners don't save much money. Secondly, even if they save money, banks will directly use them to make various investments. The financial products that have been popular in the past decade are good things that banks think have great potential for value-added.

Including such things as subprime mortgage bonds, before the subprime mortgage crisis broke out, they all had annual dividends and their value slowly rose, and they were hailed as "stable and reliable financial products."

So the last time the subprime mortgage crisis, European banks kneel down once, and now they have more targeted credit default swap insurance. They originally had very little cash. Where can they be compensated for a while?

If you can't pay for such a large sum, you will only have to go bankrupt and liquidate.

In the ten days from the beginning of September to the present, eight small and medium-sized European countries have closed down due to credit default swap insurance, and another twenty or thirty companies are in a severe situation, which makes the local people Panicked.

As a result, under the dual effects of the national debt crisis and credit default swap insurance, European stock markets plummeted, and many companies also went bankrupt.

Even companies from other countries that have substantial interests in Europe have been severely hit.

For example, Japan’s six major consortia suffered heavy losses.

Many companies that did business with them went bankrupt before the transaction was completed, and the money they owed them, as well as some of the fields they invested in, were completely stagnated.

In addition, the European stock market plummeted, which drove the Japanese stock market to plummet, and many companies of the six major consortia once again felt the financial winter.

Among them, ITOCHU Corporation, which claims to have done business all over the world, suffered particularly heavy losses.

They have a lot of investments in the three countries of Italy, Greece, and Spain, including telecommunications, land, commerce, and so on.

Now these countries are on the verge of collapse, which has caused a huge blow to their business development.

After this situation was fed back to the Japanese stock market, ITOCHU’s stock dropped sharply. It fell sharply for one week in a row, reaching a severe drop of 27%. Nearly 30 billion U.S. dollars of funds were evaporated, setting a record since the establishment of ITOCHU Corporation. The worst decline.

Representative Director and Chairman Ito Ritaku apologized to all shareholders for this, and resigned from ITOCHU Corporation on September 24, retaining only his own shares in ITOCHU Corporation.

The Ito family, one of the three most powerful families in ITOCHU Corporation, also fell into a downturn.

He was replaced by Naito Hirataka, the second-ranked director of general affairs.

As soon as Naito Hirataka came to power, he assured everyone that ITOCHU has a strong economic strength and that the losses in Europe are nothing. As long as Itochu Corporation is given a month, it will definitely make up for this part of the loss, increase its own cash flow, and try to get rid of the crisis. The impact.

But Japanese economists and investors do not believe him much.

After all, ITOCHU’s losses are just the beginning. So many European countries will suffer. Unless ITOCHU withdraws from these countries, there is no way to stop the losses.

However, Europeans are very xenophobic. Once ITOCHU exits at this time, they will never be able to enter the market again ~ www.wuxiaspot.com~ The work they have done for so many years is wasted.

After all, Europe is still one of the most developed groups on the planet, and ITOCHU is of course reluctant to give up.

If you are reluctant to give up, it means that you have to bear huge loss expectations.

Although ITOCHU has a lot of interests in the Greater China region, according to the current situation of the European debt crisis, I am afraid that it still cannot get rid of huge losses, right?

Therefore, ITOCHU's stock is still falling.

The employees of ITOCHU Corporation, including a group of bigwigs, are waiting to see if Naito Hirataka has the ability to bring the misty ITOCHU Corporation back on track.

However, for Naito Akinobu, who has been expecting the Naito family to be in power, he is very happy at this time.

Because of the business he had discussed with Xiao Qi before, now it finally reached the point where he could discuss in detail again!

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