Chapter 1567 It turns out it was because of me. That’s all right.

Chang Haonan slowly leaned back in his chair and let out a long breath.

Just like in the previous life, the dividends of currency unification were seized by a few countries, while the costs were borne by all, especially the weaker member states.

In the end, it was this structural problem that killed us.

But now is not the time to dwell on this, he quickly turns to another question:

"Director You, since you had predicted the fragility and structural risks of the EU's finances two months ago, why didn't you formulate a more detailed plan in advance to deal with possible situations like today?"

Chang Haonan was not the other party's direct superior, but he had the highest status among the five people in the conference room, so there was nothing wrong with asking such a question.

Of course, he didn't use a questioning tone.

But You Xu's reaction was a little subtle.

He exchanged a glance with Yuan Jiansheng next to him, and then hesitantly replied: "Actually... we are indeed continuing to follow the situation in the EU."

The latter then continued:

"In recent years, the EU, aware of its troubles, has also been trying to save itself, for example, gradually shifting the focus of taxation from business tax to property tax to improve fiscal revenue. But as you know, Academician Chang, this process cannot be accomplished overnight, otherwise all the rich will run away, so it can only be advanced step by step... According to the trend at the beginning of the year, even Greece and Portugal, whose finances are the most fragile, could probably hold out until 2013-2014..."

The PPT on the big screen continued to scroll down, and finally a few groups of curve graphs that Chang Haonan was very familiar with appeared.

Data flows in capital markets.

Last week.

In an instant, Chang Haonan thought of an embarrassing possibility.

"But plans cannot keep up with changes." Yuan Jiansheng also smiled bitterly. "Recently, the global capital market has seen a round of frenzy in the pursuit of the new energy industry chain. The situation has almost completely lost rationality, and the scale, speed and influence are far beyond expectations."

He pointed to several candlestick charts on the screen that were rising unusually steeply:

"In a very short period of time, a huge amount of hot money from all corners of the world, including Europe, poured into the stocks of related industries in the United States, China, Japan and South Korea. However, due to the distribution of industries, only a few European companies benefited. Only BASF saw significant positive news."

"On the contrary, the traditional automobile industries in Germany, France and Italy suffered negative impacts, and the market was worried that they would be completely overturned in the upcoming wave of electrification... This panic spread rapidly, causing a sharp decline in risk appetite in the entire European financial market and a significant downward revision of expectations for the economic outlook."

After hearing this, Chang Haonan held his forehead helplessly, revealing a helpless expression -

It turns out it was because of me.

That's fine.

It was my plan that gave the euro a great start.

Now, it is we ourselves who have pushed the EU into the abyss of debt crisis ahead of schedule.

This chain of cause and effect is full of the drama of fate.

……

"Well, it seems that the situation is very clear now." He decisively chose to change the subject. "So, what is the attitude of the superiors towards the two core conditions proposed by the EU - bond subscription and long-term capital injection? What is our bottom line and strategic direction for subsequent negotiations?"

You Xu answered almost without thinking:

"The EU market is highly mature and saturated, with limited room for growth. The regulatory system is complex and tends to protect the local market. Most industries are not suitable for investment. In the areas we are interested in, such as sensitive industries such as infrastructure, energy, and communications, the EU has set up extremely high invisible barriers and strict review mechanisms. The most attractive targets are often the core assets that they are strictly guarding and unwilling to let go."

He paused and then concluded: "Therefore, it is not realistic to take over all European debts in a flood-like manner, or to promise to inject large amounts of capital into all member states without distinction. It is also not in line with our position and interests as a developing country. We still need to negotiate based on specific projects."

Chang Haonan's expression turned serious.

If this part of the negotiations fails completely, the loss will definitely not be a matter of mutual recognition of airworthiness.

Fortunately, You Xu also saw Chang Haonan's thoughts and added:

"But if we allow the European debt crisis to break out in an uncontrollable way in the near future, the consequences will also be very serious. Not only will it have a serious impact on our exports, but it may also cause the economic crisis to evolve into a political and social crisis, and then change or even completely overturn the EU's relatively pragmatic cooperation policy toward China over the past decade."

"Therefore, the overall principle of the superiors is to select several 'designated member states' that are of key strategic significance, have a solid foundation for cooperation with us, and have a large number of pro-China pragmatic forces within them, and provide them with limited financial support with clear targets to help them overcome the most dangerous liquidity crisis and stabilize the basic situation."

Yuan Jiansheng continued, "According to the instructions from our superiors, our Ministry of Commerce, the Central Bank and the Industrial and Construction Commission will immediately select capable personnel to form a joint working group to participate in Comrade Ren Bingda's negotiation team in Brussels."

He looked at Ren Bingda who was standing beside Chang Haonan and said, "Mr. Ren, the subsequent negotiations in Brussels will be upgraded to comprehensive negotiations involving finance, investment, industrial policy and other fields. The technical level will still be the basis, but at the same time, a series of other negotiation contents will also be carried out around 'selective guarantee'."

Ren Bingda immediately straightened his back and replied solemnly: "Yes!"

"Okay!" Yuan Jiansheng nodded. "Without further delay, we will determine the list of the joint team and the departure time today. We will discuss the specific negotiation strategies and details in depth later."

At this point in the meeting, the core direction has become clear.

Chang Haonan knew that he had completed what he could do at his level.

"I'll leave the subsequent specific and professional negotiation work to you all." He stood up. "I'm an outsider when it comes to financial investment and macro strategies, so I can't help much more if I stay here."

Then he looked at Ren Bingda and said, "Mr. Ren, you must participate in the entire process and fully cooperate with the work of the joint team on behalf of the group. All major matters must be reported to the group and higher authorities in a timely manner."

"Yes! Don't worry, Mr. Chang!"

Ren Bingda assured again.

Chang Haonan nodded slightly to the three representatives of the ministries and commissions and said, "Thank you for your hard work. Mr. Ren will fully cooperate with the follow-up work. I will leave now."

His farewell was so clear and crisp that it even made the three people opposite him feel a little abrupt.

But after all, our identities are different, so it’s hard to say much.

After leaving the meeting room, Chang Haonan returned to the office as quickly as possible.

The heavy door isolates the room from the outside world.

He sat down at his large desk and took a deep breath, as if to dispel the heavy discussion about billions of dollars and geopolitics from his mind.

The crisis in Europe is imminent, and many of our plans must be brought forward accordingly.

A few seconds later, Chang Haonan turned on the computer and created a new document.

Next, quickly type the next line of title:

《Recommendations for the application of negative refractive materials in nanolithography devices》