Chapter 2318: Chapter 2138: Going Big Next day. In the morning. Upon waking up, Greece’s debt of as high as three hundred billion euros hit the international headlines, and at this moment, many people just noticed this country. However. Huaxia netizens were mostly baffled. "Three hundred billion, is that a lot?" "Exactly." "After all, it’s a country." "..." Greece. In everyone’s impression, it was very wealthy. Three hundred billion euros may not be a small figure, but it shouldn’t be enough to crush Greece, right? Last year. Iceland went bankrupt; that’s because its foundation was indeed weak, not at the same level as Greece. However, soon everyone understood why it couldn’t pay back. "Damn!" "This guy is just too wasteful!" "Serves them right." "Without the ability, still learn to borrow all the time." "..." A round of contempt. Three hundred billion euros, the annual interest alone is around one to two hundred billion, and the Greek authorities’ taxes, after fixed expenditures, aren’t enough to cover even half of that. This is it. It exploded now! "Really, it’s been eaten into a collapse." Someone sighed, "Good benefits aren’t wrong, but unrestrained increase in benefits is simply seeking death." "Crazy." "Exactly, in the eighties Greek civil servants numbered only a hundred thousand, now it’s grown to eight hundred thousand, nearly a tenth of the nationwide population." "What kind of play is this?" "Indeed." "Tail heavy, can’t fall off." "Desperately borrowing money, desperately spending money... so enviable. At this rate, it might follow in Iceland’s footsteps, but I guess the European Union won’t stand idly by." "Mm!" "..." Everyone discussing eagerly. Though envious. However. To play things wrong like this is not what people want, and indeed, Greece’s benefits are too good, like retirement pension, which is double that of Germany. Damn! Germany so wealthy, can’t even afford too high retirement pensions, Greece with average economy, not only retirement pension but also civil servants’ wages. Top in Europe. In short. To get into power, successive presidents only did one thing: promising high to the people. Then, after taking office, shamelessly borrowing everywhere to maintain benefits. Now. The debt is too high to sustain. ... Base. Room. Eating breakfast. "Tangtang, is the euro going to drop?" Tang Kai asked first when he saw the news; if the European Union were to stand idly by on such a big matter, it would be bizarre. However. Once involved, it’s a pit. Upon hearing. Tang Qing nodded slightly. "It’s definitely going to drop; the stock market, foreign exchange market, will be turbulent for quite a long period in the future, you’d better exchange the euros you hold for cash soon." If it doesn’t drop. It wouldn’t live up to this news. "How long until it calms down?" Qin Yugang asked curiously. "Uncertain." Tang Qing shook his head. "Because the Greek crisis exposed not only Greece but also other issues in the eurozone; Greece is not the only one borrowing to live." Greek debt. Is just the fuse igniting the European debt crisis. Otherwise. Just a single Greece exploding wouldn’t be enough for the fighters to use this to dismantle the euro. Ireland. Portugal. Spain. Italy. Cyprus. ... Lots of European countries have quite severe debt issues, in the global economic crisis context, one after another starts to come apart. The euro dives sharply, European stock market crashes will follow. "Crisis escalating?" Tang Kai exclaimed. Originally thought. It was just a simple Greek problem. "Mm." Tang Qing nodded. "What will be the outcome?" Uncle asked again. "First." "The European Union will step in; this is foreseeable because if ignored, it will almost certainly shake the euro system, threatening the stability of the European Union." Paused. "Second." "The thunder is too big, can’t cover up, it exploded." Upon hearing. Everyone looked at each other in dismay. "This possibility should be very small," Tang Kai said. "The European Union’s debt issue is an internal problem, as long as there is determination, it can be managed." "Mm." Qin Yugang also nodded. In a unified currency area, space is vast; Greece’s debt, the European Union has full strength to control, just the process will be quite painful. Borrow new debts. Repay old debts. Even. Directly waive a part of the debt; anyway, it’s all credit currency, at the worst, overissue a bit; now, after the United States’ quantitative easing, the world follows to release liquidity. Print money aggressively. Therefore. In any case, the eurozone won’t collapse. Upon hearing. Tang Qing smiled. "Indeed." "The probability of the eurozone disintegrating is very small." At the same time. Added a line in his heart. "However, this is under the circumstance that no one is manipulating it. If managed properly, a small probability event can evolve into a large probability black swan event." Indeed. All European Union countries definitely don’t want the eurozone to disintegrate and will do their utmost to save it. But the years that the eurozone has existed, many problems have accumulated too. Like. Unequal benefits among countries. Germany. France. The two core countries of the European Union create wealth far exceeding other nations, but their benefits aren’t as high as some member states. Like Greece. Doesn’t earn much money, spends a lot, retires early, a long string of benefits, what annoys most is that retirement salary is bloody twice that of other countries. And so on. Internally, many dissatisfied voices have existed for a long time. Then. Once problems burst on a large scale, will Greece reduce retirement pensions? If reduced, domestically there’ll definitely be a major protest, President will step down instantly. If not wanting to step down, keep high benefits. But not reducing. To maintain high expenditure, other countries won’t accept, because you’re borrowing our money to provide your benefits, internal complaints will be loud. In the past life. This problem did not explode. However. This time. Will become a sword. Of course. It’s just a sword; Tang Qing didn’t pin all hope on public opinion, the easiest to control, is public opinion, but the easiest to flip is also public opinion. Therefore. This is just a ’seasoning’, the real main dish is something else. But eventually written into history will only be what everyone sees as ’seasoning.’ The truth. Will be buried in history, unseen. "Euro." "Must... collapse once." At this moment. Tang Kai became interested. "In this way, is there an opportunity to scoop up bargains?" Any crisis, someone can profit from it, that’s the essence of the word crisis. Economy. Finance. Both have space to operate. "There is." "Can play moderately but don’t take it too seriously," Tang Qing said. Making money from the European debt crisis must be done, but he wouldn’t participate personally. This time. It’s about playing a big one. Upon hearing. Tang Kai’s interest also dropped. "Listening to you, I’m not that interested anymore, better honestly make money through real business, every penny is crystal clear." Nowadays. The wealth he owns was unimaginable before; going to the financial market to gamble is meaningless, limited energy, don’t create trouble for oneself.