Chapter 2787 No Rescue Principle

7832 points! 7723 points! 7711 points! 7652 points…

The Euro Index is falling fast!

Bai Ze looked at the continuously falling Euro index, his face so gloomy that it seemed as if water was about to drip out of it.

"After falling like this, are you still indifferent?"

"You know, the total investment of all of us in the euro market is much more than Croatia's debt!"

"If you don't want tens of trillions of dollars to go to waste, you must use all means to ensure that the euro index rises!"

"I'm not ordering you, I'm telling you that we are playing a zero-sum game. Either Chen Mo is finished, or the entire Oumeng is finished! There is no third outcome!!!"

Bai Ze roared angrily at the giant who lowered his head in the video.

Under the current circumstances, only if the EU directly injects funds into Croatia from the outside, pays off the debts that are about to default, and rebuilds market confidence can Croatia climb out of the quagmire.

Only by showing the world OUMI’s strong ability to resolve debts can we restore market confidence!

At this time, someone smart suddenly said, "But the Treaty of Machtrich stipulates that Croatia must be responsible for its own debts! Why should we pay for it if it gets into trouble?"

As early as the establishment of the Gull League, all members signed the Maastricht Treaty.

The treaty stipulates that members of the Confederation of Australia are responsible for their own economies, and if a member encounters an economic crisis, other members cannot provide assistance.

This is the "no rescue principle" popular in the OU Alliance.

Since its inception, Oumeng has been adhering to this principle.

So when Croatia and Greece went bankrupt one after another, the Ou Alliance did not take any action.

This principle is actually correct, and it can prevent the entire family from being ruined.

However, what Bai Ze could not have imagined was that Gao Sheng had already laid out a trap as early as the establishment of Oumeng, and had engaged in a 10-year-long CDS bet.

However, the "no bailout principle" has now become the best assist for short sellers.

When Croatia got into trouble and no one came to its rescue, people around the world who didn't know much about the situation thought that the European Union had no way of solving its debt problem, so confidence in the euro continued to decline.

Short sellers betting against the Euro are coming from all over the world!

In just one week, the exchange rate of the euro against the dominant currency plummeted from 1 to 1.55 to 1 to 1.19!

Even though the number is small, for something like currency, even a fluctuation of 0.1 percent can have a huge impact.

Not to mention that the Euro has plummeted by 23.23% in seven days!!!

For a normal currency, the fluctuation of its rise and fall is only 5% in a year!

In addition to shorting the euro directly, short sellers such as Chen Mo are also using CDS to attack countries with high debt levels such as Ireland, Spain, China, and the UK.

The West was the first to give up and announced that this year's deficit ratio would reach 11.4%. The debt level was already so high that the West could not bear it.

For a time, the euro market was in panic.

Baize finally couldn't bear it anymore and held meetings one after another, demanding that members must abandon the principle of not rescuing the country, contribute money and effort to solve Croatia's debt problem and restore market confidence.

And these members have all realized that if they don't take action, the money they had previously invested in the market to hedge against Chen Mo will definitely be wasted.

"I agree to the rescue!"

"I agree!"

"Help us! If we don't help, no one will be able to escape!"

"..."

Just when Bai Ze thought that this rescue plan would definitely be passed...

However, a senior official of the Owl Alliance, the Emperor of the Crested Ibis Kingdom, Mokti, pressed the pause button on this proposal.

"The Crested Ibis Country has expressed its disagreement with the rescue!" Merkel said loudly.

Merck is a staunch advocate of the "no bailout" principle.

Since the Greek government went bankrupt, Merck has frequently proposed the concept of "everyone should take care of their own business" in front of the media and has firmly implemented the "no bailout principle."

Bai Ze glanced at Merck, sighed and said, "Merk, this is an extraordinary period. Only by sacrificing the interests of the Crested Ibis Country can we..."

"The 'no rescue principle' is a written rule. Moreover, even if the Crested Ibis Country does not rescue them, you can still pay to rescue the Ke Country. There is no conflict!"

Merck said calmly.

Bai Ze fell silent, and the other members also fell silent.

Everyone knows that Croatia’s debt problem cannot be solved in a short period of time.

the other side.

Sunset at the Imperial Palace.

Aisha stared at the computer screen, waving her fists excitedly: "Fall! Fall! Fall!!!"

“Hahaha, it fell again!!!”

"The Euro Index is about to fall back to 6400!!!"

"Honey, you are amazing!!!"

After saying that, Aisha hugged Chen Mo's face and kissed him hard several times.

"Be reserved. This is in the palace. There are so many people watching us. Be aware of your identity." Chen Mo said helplessly, wiping the saliva off his face.

At the beginning, Aisha was a little reserved and was careful to keep a distance from Chen Mo in front of outsiders.

But with the negative distance between the two of them these past few days, Aisha had completely let herself go.

Just like a little fangirl who has just entered the passionate love stage, she wants to stick to Chen Mo all the time.

Chen Mo felt that she wished she could turn into an octopus and stick to him.

The Sunset Royal Family is no stranger to this.

Now Chen Mo and Aisha’s relationship is almost an open secret.

"Tsk, what kind of identity? Empress? Didn't I get it because of you?

I admire you, like you, and love you. Isn't that what I should do?

My ancestors, the brave warriors of the Sunset Royal Family, were born with the belief that the strong are the most respected. My blood is engraved with respect and desire for the strong!"

Aisha didn't care at all, she even sat on Chen Mo provocatively and kissed his face again.

At this time, Diana said, "It's very strange... Why has the Euro Index plummeted for such a long time, and the Gulf Alliance has not yet issued a rescue policy?"

Now they still have the trump card of sunset Brexit in their hands!

He thought about squeezing some more funds out of Oulun, and then playing his last trump card to win the normal financial war in one fell swoop.

Aisha said, "I know. The head of the Finance Department just finished a meeting and told me that Bai Ze has convinced almost everyone to agree to the rescue operation.

Only the emperor of the Crested Ibis Kingdom, Merck, insisted on implementing the "no rescue principle" to the end.

The Crested Ibis Nation is the largest country in the Gull Alliance and has a lot of say, so the proposal was temporarily suppressed and not passed. "

Diana scratched her head: "This is strange... Why doesn't Merck agree? Isn't this just letting the euro depreciate?

Are we going to let the short sellers do whatever they want?"

Chen Mo smiled and said, “Of course Merck won’t agree.

The reason is very simple. If any money is provided for aid, it will definitely be the Crested Ibis Country, the economic locomotive of the OU Alliance, that will pay the most.

Where does this money come from? Of course, it comes from the taxpayers of Crested Ibis Country!

What do you think the Chinese people would think if taxpayers' money were used to settle foreign debts?

If Merck did this, his position as emperor would definitely be lost!"