Chapter 2817 The ultimate battle begins!
After a week of "shearing the sheep" operation, the economic lifeline of the Oulun was completely in the hands of Chen Mo!
"From now on, if you spend 1000 million to build a roadside toilet, it's not just Commissioner Smith who can do it. I can do it too!"
Chen Mo said happily in his heart.
Since the economic lifeline is already under the control of Chen Mo, he naturally cannot sit idly by and watch the European debt crisis continue to spread.
Otherwise, how can Chen Mo make money?
While transferring aid funds to the accounts of EU countries, each country also made a number of adjustments in accordance with Chen Mo's requirements: First, large-scale layoffs and salary cuts were implemented: the public sector and state-owned enterprises laid off a large number of employees, reduced employee salaries, and cut social welfare spending.
The second is to relax foreign exchange and trade controls.
The third is to adjust tax policies, stop tax cuts for businesses, and even increase taxes on working families.
The fourth is to require strong official intervention in the economy.
In the short term, these measures can greatly alleviate the international balance of payments pressure on debtor countries.
But those who understand economics know that what Chen Mo mentioned are chronic poisons!
In the long run, it will cause serious damage to the economic sovereignty, industrial development and social stability of the debtor country, and lead it into economic difficulties and a vicious cycle.
By then, let alone overtaking Daxia, it would be good enough if we could maintain our position and not regress.
But they had no choice.
If you want to get Chen Mo's aid funds, even if you know it is a mouthful of poison, you have to pinch your nose and swallow it.
With a series of spending-cutting policies in place, coupled with the arrival of Chen Mo's aid, official debt pressure on various countries has been greatly alleviated.
The country of Jamaica was the first to announce that it had returned to normal from bankruptcy.
On September 9, the Confederation of European Union’s central banks began to purchase member countries’ government bonds without limit.
Banks and officials in EU countries have received a steady stream of funds to restore the economy, and the voices of bears have gradually disappeared under the EU's version of quantitative easing.
The European debt crisis finally saw the light of day after a long night.
But... at what cost?
Almost all the high welfare benefits of the OU countries have been cut!
There is no so-called "lazy man's paradise" in Oumeng anymore!
In the past, in the high-welfare countries of the European Union, when citizens lost their jobs, many could live comfortably on unemployment benefits. Many even took the relief money and ran to the poorer countries in the East to become wealthy.
But now, the relief funds have been directly cut by 80%, and the review process for applying for relief funds is more than 10 times stricter than before!
Free food distribution to the poor has also been cut!
The time has come where if you don’t work you will starve to death!
Moreover, Chen Mo also followed the example of the Overlord Country and promoted the "commercial medical insurance system" in the Oumeng.
On the surface, public hospitals provide free medical care and everyone can afford it.
But in fact, Oumeng’s free medical care doesn’t treat anything. Not only does it not treat any disease, but even for diseases that can be treated, the waiting time alone can turn a cold into a serious illness!
If you are sick, you can only go to a private hospital.
This is when Chen Mo’s commercial medical insurance comes in handy!
Private hospitals are deeply tied to commercial insurance!
If you don’t pay for commercial insurance, you must pay for it all yourself!
In that case, if you sprain your waist, the doctor will just take a look and feel it, and it will cost more than 5000 euros. It is simply unaffordable!
You must pay commercial medical insurance ranging from 100 to 500 euros every month to get 50% to 80% of the medical expenses reimbursed.
Even though it seems that the discount is already big enough, in fact, isn’t the price still decided by Chen Mo?
After this, the number of people falling back into poverty due to disease in the EU countries has increased dramatically!
Many people became homeless because they couldn't afford medical treatment and had to sell their houses and cars.
However, Chen Mo's commercial medical insurance group made a lot of money and once became the most profitable company in the entire Ouling.
A month later, when the top leaders of the Oumeng gathered together again, their faces were filled with fatigue.
Chen Mo, however, had a rosy complexion and was in high spirits as he attended the meeting accompanied by Aisha and Diana.
"As agreed, I will help you solve your debt problem completely."
"Then you all have to help me as agreed."
Bai Ze's mind moved, and he asked in a trembling voice: "Boss Chen, are you...are you planning to snipe Baguo?"
Chen Mo nodded his head, his eyes sparkling with brilliance: "That's right! Next, I will bet all my liquid funds and short the Hegemony!!!"
"After this war, I will double the tens of trillions I have on hand to 100 trillion!!!"
Chen Mo said this, scanning the many video chat windows in front of him, and asked loudly: "Everyone, the "ultimate battle" is about to begin! ! ! Do you have the courage to join me? ! ! "
