novelonline Chapter 723
Chapter 723
() Lorencino is very tired. Since early in the morning, until now, the meetings have been one after another, as if there is no end.In addition to going to the toilet and taking time to eat two things, he has been in meetings all the time, holding meetings that are useless!
Today's Argentine government, under its ass, is a volcano that may erupt at any time, and once it erupts, from the president to the cabinet members, I am afraid that no one will be spared by then!
Lorencino still values his ministerial position very much. He hopes that this can become a new starting point for his political career. He hopes that he can have the opportunity to become the president of Argentina in his lifetime.
But now it seems that this is probably just an extravagant wish of his own. Since the middle of the year, there have been some signs of the economic crisis in Argentina. Now, no one can turn a blind eye.
The credit of zheng fu and domestic banks has dropped to the lowest point. zheng fu's foreign debts have exceeded 340 billion US dollars, of which 970 billion US dollars are zheng fu's debts, and the rest are loans from international financial institutions.This figure accounted for 40.00% of Argentina's GNP last year at 310!The country's foreign exchange reserves have also dropped from US$140 billion at the beginning of the year to US$7000 billion now.Moreover, at the same time, Zheng Fu's fiscal deficit remains high. So far alone, there has been a deficit of nearly 90 billion U.S. dollars. After the whole year, it is estimated that the fiscal deficit will reach about [-] billion U.S. dollars!
Moreover, in Argentina today, since the loan interest rate has soared to [-]% to [-]%, such a high loan interest rate is no different from robbery. Undoubtedly, no company can afford it, so in essence , the major commercial banks have stopped their credit business, and the foreign exchange offices in the country have basically stopped selling US dollars.There are rumors that the Argentine government is in debt payment difficulties and the currency is devaluing, which has caused a large loss of deposits in the hands of banks.
At the beginning of July, when the economic crisis just broke out, in less than a month, almost 90 billion US dollars worth of deposits were withdrawn by Argentines, which accounted for almost 13.00% of the total private deposits in Argentina.In the following months, bank deposits were still being withdrawn continuously, and now the deposits of many banks in the country have reached a precarious point.
If this situation is still not effectively curbed, Argentina's banking industry, which has already queued up for withdrawals at the door, will face a full-scale run crisis!And if these banks take back a large amount of loans they granted, this will inevitably cause a large number of companies to go bankrupt!
Faced with the current predicament, some people in the Argentine government proposed to raise taxes, cut wages and subsidies for employees of public institutions, freeze personal savings and other measures to alleviate the current predicament, but they were forcibly suppressed by the president and his supporters—— At present, in Argentina, the citizens are just demonstrating, expressing their dissatisfaction with the government's inability to come up with a reasonable and effective solution, and once they try to do so, the demonstrations may turn into social riots, and even develop into riots !
Lorencino firmly supports the president's rejection of these extreme measures.But he also understands that if the government is unable to reach a loan agreement with the borrowing banks of various countries and the IMF for a long time, as the situation further deteriorates, His Excellency the President will have no choice at that time!If these extreme measures are not implemented, there is no doubt that death is inevitable, and if these extreme measures are implemented, there may be a little bit of hope, although it is almost nothing, but when a person is in a desperate situation, even if it is a straw, Also unwilling to let go.
And it is not easy to reach a loan agreement with the borrowing banks of various countries and the IMF!Today, the global economy has shown a clear decline due to the triple impact of the Southeast Asian financial crisis, the collapse of the US Nasdaq Composite Index, and the June [-] terrorist attack in the United States. Strict conditions are required. If the Argentine government dares to sign such a loan agreement, I am afraid that since the news is made public, the president and the main person responsible will have no choice but to resign voluntarily.
As for if, although its conditions are not as harsh as those of the borrowing banks, it is actually nothing more than a joke!
When he finally finished all the meetings, although in his opinion, today was a day of useless work-these meetings did not reach any agreement on changing the status quo of Argentine society.When he returned to the office, he learned that Rodriguez had called him, and he remembered Bill's call.
"Minister, I'm Rodriguez!" Rodriguez's excited voice came from the phone, "We may get a loan worth 15 billion U.S. dollars!"
"What did you say?" Minister Lorencino immediately sat up straight, and all the fatigue seemed to disappear all at once. What does the Argentine government need now?Loans are definitely among the top three.What's more, this is a loan of 15 billion US dollars!If you can really get a loan of 15 billion US dollars, it will solve the urgent need of the Argentine government!This has won precious time for His Excellency to solve the problem!
"We'll probably get a $15 billion loan!" Rodriguez repeated.He can fully understand Minister Lorencino's mood at this time. Didn't he himself wonder if he was hallucinating at first?
"What's going on? Tell me exactly what's going on right away!" Minister Lorencino said suppressing his excitement.
Rodriguez told Minister Lorencino the ins and outs of the whole thing completely.
"Don't leave, wait for my call!" Minister Lorencino hung up the phone after asking for details several times.
Minister Lorencino sat on the office chair, pressed his hands on his chest, closed his eyes and meditated.He didn't need to prove anything to Bill. Although Bill didn't mention Fang Mingyuan's identity, he emphasized on the phone, "You have to believe that what he said is what he can do! "
Everything he said, he could do!At that time, Minister Lorencino still felt a little disapproving, but now he believes that the current chairman of Riben Sogo0 Co., Ltd., the president of Hong Kong Kumho Film Group, the president of Hong Kong Guo's Shipping Group, and a well-known Hollywood screenwriter, I really have this confidence! rs