Chapter 2784 The bomb from years ago finally exploded
After reading the document, Axe's forehead was covered with sweat. "Are you two kidding me?"
Lloyd smiled faintly and said, "President, do you think we came all the way here just to play a joke on you?"
Axe took a deep breath, sorted out his thoughts, and responded: "According to the contract, in order to redeem this CDS, the country's national debt must suffer a serious loss.
The country of Ke had a brief bankruptcy before, but it soon returned to normal, and the economy is now functioning normally. Although most of the income was taken away by Chen Mo, this does not affect our continued performance of the contract, right?"
Lloyd laughed and said, "If Croatia's national debt problem wasn't serious, I certainly wouldn't come here to redeem the CDs with nothing. I have evidence in my hands."
After that, Lloyd threw the sorted information in front of Axe and said leisurely: "According to my understanding, Croatia's deficit in 2008 is expected to account for 14.5% of its GDP!
Debt to GDP ratio will reach... 146%!!!"
"Even...higher!"
Lloyd's speech slowed down, and it hit Axe's head like a sledgehammer!
If what Lloyd said was true... then it's all fucked up!
“President Weber, the Stability and Growth Pact stipulates that the maximum deficit ratio and debt ratio can only be 3% and 60% respectively.
But Croatia's financial situation has far exceeded this figure!
Croatia's national debt will soon become worthless and there is no hope for it.
The CDs that are higher in value can naturally be redeemed.”
Axel shook his head in fear and said, "Impossible... Impossible... Isn't this too horrifying?
How could Croatia's financial situation become so bad overnight?"
Lloyd threw another document over.
The document contains Croatia's official revisions to its financial data over the past decade, as well as Croatia's actual financial data when it joined the Confederation of European Union ten years ago.
The shocking figures made Axe's eyes widen.
He realized with horror...
Ten years ago, the joining of the Kingdom of Ke into the Owl Alliance was a complete scam!!!
There is a pair of invisible hands that has spent ten years to create a terrible net!!!
Now, at the most difficult moment for the Ou Alliance, these big hands are about to close the net!
"Emperor George...is this...is this true?" Axe looked at George in a crying voice as if asking for help.
"it is true."
George remained calm and said, "I'm sorry, it's all because of the incompetence of the previous leadership team. Although I tried my best to save the situation, it still didn't help.
All I can say is, it’s a shame.”
Axe said in a trembling voice: "Then...then can we not disclose the true financial situation of the Kingdom of K for now? Now the Owl Alliance..."
"President Weber! I cannot be a dishonest person! You know, I have faith! My God will never allow me to lie!"
George said angrily: "I have already written a letter for help to the Oumen League, and the financial situation of the Kingdom of Ke will also be announced to the public together with Gaosheng Group.
I'm only here to help Mr. Lloyd cash in the CDs!"
Helplessly, Axe could only nod and agree.
After Lloyd and George cashed in the CDs and left, Axe immediately called Bai Ze.
Bai Ze, who was still feeling smug about his current advantage, asked impatiently after receiving the call: "What's the matter? Why are you in such a hurry?"
"Oh no, President! Something big has happened!!!"
