Rebirth: Super Banking System

Chapter 2529: Chapter 2367: Plummet!

Ou Meng.

Euro.

These are two different concepts.

Therefore.

During the previous meeting, without the support of many people, the attempt to further target the Asia Dollar did not succeed. Utilization of Ou Meng’s power.

To strike against the Euro’s opponents.

This matter.

Is bound to face resistance.

The Euro now is not the Euro before Tang Qing’s rebirth. Of the twenty-seven member states, now only ten remain in the Eurozone, though strong.

But.

The numbers are not in advantage.

In fact.

There are many Ou Meng countries that are eager to see the Euro make mistakes. Those not in the Eurozone are not keen on seeing the Euro succeed. It’s the stance of each country that dictates this.

Even.

They are hoping for the Euro to mess up.

To break up.

Returning to the past, no one wants a strong neighbor beside them.

Therefore.

A slight push can seriously hinder the core countries of the Eurozone. Unable to fully gain Ou Meng’s support, the tactics of several core Euro countries.

Have greatly diminished in power.

And this.

Is also a crucial foundation for Tang Qing’s confidence in bringing down the Euro.

European Union.

Euro.

These are two concepts.

Tang Qing is not fighting alone; there are many ’allies’ with common goals. As long as the operation is done properly, the lifespan of the Euro is already on a countdown.

…

It is precisely from this stance.

At this moment.

Seeing the Eurozone come up with wicked ideas again, targeting Portugal, most European Union countries took a seat, ready to watch the show.

Any world-class currency.

Has a certain level of exploitation.

Commonly referred to as.

— Coinage Tax.

Therefore.

Even within the European Union, the advent of the Euro has displeased the other EU countries to some extent. When Greece left,

They rallied support and pushed forward.

Now.

Another Portugal has emerged, making them very happy. Previously, with the Euro being powerful, they had no good way to suppress this rival’s development.

Now.

New wicked ideas keep appearing.

Euro-debt.

The major crisis still happens within the Eurozone. Among the Euro-debt issues, the three countries with the highest debt ratios are all Eurozone members.

Greece.

Italy.

Portugal.

Previously.

Greece leaving was a joyful event for them. Now, if another leaves, they feel it would greatly undermine the Euro’s status.

In short.

Their position determines their thoughts: Your trouble is my joy.

…

Upon seeing.

The Portuguese people were also angry.

Damn.

Really making it hard for people to live! After targeting Greece and forcing it to leave, now targeting them. Our presence is always very low, why target us?

“Leave the group!”

“Without the capability, borrowing so much money.”

“The Eurozone does not welcome you.”

“Leave the group!”

“…”

A large amount of local public opinion, similar to the criticism towards Greece, is that they owe so much money and have poor regenerative ability. Simply leeching off the Eurozone.

Not agreeing!

“Suggest restructuring the Eurozone, removing some burdens.”

“Exactly.”

“The new Eurozone will certainly have more competitiveness. No one should hitch a ride in the back and eat better than the ones pulling the cart.”

“I agree.”

“The Eurozone needs greater autonomy.”

“…”

Many people propose a new Euro plan, to kick out those countries that can’t make money and keep borrowing from the Eurozone to enhance the Euro’s effectiveness.

This view.

Has many supporters.

For a moment.

Europe became lively again. People are not afraid of trouble when watching the excitement; joining the fun is human nature. A major discussion began within the European Union.

…

Globally.

Other countries see this.

They are amused.

Seeing the Euro suffer is still based on position determining stance: pleasant to hear and see. However, on the surface, most do not comment much; after all.

The core countries of the Eurozone are quite strong.

At key moments.

Silence.

Is the best choice to avoid becoming a target for the Eurozone core countries’ blame shifting. This is an ’internal battle’ within Ou Meng, better to stay out.

However.

The capital markets don’t care.

On the same day.

The Euro exchange rate experienced a slight dip. Plenty of capital saw deeper issues from this event: too many restraints on the Euro.

Ou Meng.

Is one of them.

Previously.

The Eurozone had been seeking expansion, but various problems led to failure. In the past, they mostly considered it not a big deal.

However.

Now.

They are forced to start thinking, does the Euro have real problems? If the Eurozone countries reach two-thirds of the European Union, the Euro would naturally be strong.

Eurozone countries could be seen as the will of the European Union.

But.

Now only one-third.

Even.

Greece has left. Seeing this situation, it seems like they plan to push Portugal out as well. Such a Euro raised their vigilance.

Moreover.

These past few months.

Euro’s international trade payment data showed a significant decline. Although it caused a short-term rise in European markets, surface appearances shouldn’t be trusted.

Confidence.

Is the foundation of currency. With declining shares, Euro returning to Europe appears somewhat beneficial, but it also signifies the shrinking of the Euro’s territory.

This is an indisputable fact.

Pessimism.

Begins to spread through the Euro exchange rate market.

…

For a whole week.

Drop!

Euro exchange rate dropped about seven percent in a week, which for a world currency is quite a plunge. Many looked on with their eyes wide.

“What’s happening?”

Many are confused.

Checking.

“A large number of Euro holders exchanging for US dollars and other currencies led to the exchange rate market falling; if not controlled, pessimism might collapse.”

“…”

Suddenly.

Many were infuriated.

Bastard.

The Euro hasn’t done much, why run away? It’s just a small impact from public opinion; they never thought about actually pushing Portugal out, they’re not crazy.

Especially at this critical juncture, it’s even less possible.

Afterwards.

Released a statement, hoping to restore confidence.

But.

The effect… close to none.

“How could this be…” Logically, there should be at least a wave of rebound, but the exchange rate market seems out of control, not caring about what is said.

Continuing to drop!

…

Huaxia.

Shanghai Stock Market.

After the National Day holiday, Tang Qing returned to the park, watching the show daily. All of this is naturally related to him, the EU’s statement naturally has its impact.

However.

The fleeing Euro funds wouldn’t have ’reason,’ instead firmly executing Tang Qing’s orders, fleeing first and talking later, striking the Euro exchange market.

Thus.

Although it can’t severely injure the Euro, it can make the current situation more chaotic. As long as the Euro continues to fall, currency confidence will surely decrease.

At that time.

There will be many who take advantage of the situation.

Market rescue?

Difficult.

Let’s not forget, Eurozone countries hardly have any Foreign Exchange Reserves, mostly using direct money printing for exchanges. If Euro remains stable, it’s manageable.

Once in a downtrend.

Becomes difficult.

This time.

If the Euro exchange rate isn’t cut by twenty percent, how can he justify his long-term layout?