The logic of borrowing in the financial market is that the greater the risk, the higher the interest rate; the lower the risk, the lower the interest rate.

Now, the whole world knows that there is a problem with Greek bonds, and everyone is selling short like crazy. When bond prices are rapidly depreciating, the interest promised by Greece is also gradually increasing. In this extremely critical period, the national debt interest rate has reached 18

%.

Many analysts have also estimated that if the potential crisis in Greece's sovereign debt is not dealt with as soon as possible, the annual interest rate on Greece's bonds is likely to reach 30%.

In mainstream countries in the Eurozone, interest rates on government bonds are generally between 1% and 3%.

What is the concept of 30%?

In the past year, Pluto Capital, managed by Zhou Buqi, has brought generous returns to shareholders, with annual returns barely exceeding 30%.

In other words, if anyone is brave and dares to risk his life and buys the newly released government bonds of Greece at this time, the annual return rate will be almost the same as investing in Pluto Capital.

However, at this juncture, buying Greek government bonds requires great courage.

Now the investment ratio of Greek government bonds has been shorted to 1 euro to 8 euro cents. Even if it is not a junk bond, it is almost there. There may be a credit default at any time.

Greece was a member of the Eurozone under false pretenses, but it was kicked out mercilessly. It was legal and reasonable, and there was nothing wrong with it from a moral perspective. Many people in the EU also publicly declared that Greece should be abandoned.

This is very important.

Because the EU has already negotiated with the International Monetary Fund and will conduct negotiations at the beginning of next month to study whether to help Greece. And this requires a prerequisite. This is not a proposal by the minority to obey the majority. It requires the collective consent of all members.

Okay. As long as one country is unwilling, Greece will be finished.

So now Greece wants to issue new government bonds, but it can't do so. Even if there are buyers, the country's banks and financial institutions will take over.

Zhen Yu can't see through what's going on here, it's really too complicated.

There are too many games involved.

From the perspective of the EU, they definitely hope that Greece can hold on and not collapse. But from the perspective of big capital and big institutions, of course, the worse Greece suffers, the higher the probability that they will make big money from the chaos.

In other words, politicians want to keep the economy stable, while capitalists want to make money from the national crisis.

Who wins and who loses?

Judging from the subprime mortgage crisis, politicians are no match for capitalists. The scandals of investment banks such as Goldman Sachs, Citigroup, and Morgan Stanley are so bad that there is nothing they can do about it.

If it doesn’t work in the United States, then it will work in Europe?

According to Zhen Yu's own understanding, in a capital society, the methods of capitalists are stronger. Soros brought down half of Europe with one man in charge.

The current momentum of the European debt crisis is much more severe than Soros's back then.

In the game of the Greek crisis, it is likely that it will still be a carnival feast for capital. The development achievements of Greece in the decades after World War II are likely to be plundered by the hungry wolves of capital in a short period of time.

However, Senior Sister Zhen Yu still believes more in Boss Zhou's judgment.

Europe is becoming more and more left-wing, which is really different from the capital carnival in the United States. Then, she entered the market and started buying Greek sovereign bonds.

It is not cost-effective not to buy newly released government bonds with an interest rate of nearly 20%. Although the interest rate of newly released government bonds is high, the purchase cost is also high. The face value of 1 euro must be purchased with a principal of 1 euro. Buy the previously released government bonds.

Treasury bonds are much cheaper. For example, a batch of 10-year Treasury bonds with an interest rate of 2.8% sold in 2007 only required a principal of 8 euro cents for the face value of 1 euro.

Zhen Yu entered the market and spent US$200 million to buy a batch of 10-year and 15-year treasury bonds that were promised to be paid in 2017. However, the actual value of the bonds was as high as US$2.5 billion.

In other words, if you hold this government bond and do not sell it, and there is no credit default in Greece, by 2017, even if interest is not included, this US$200 million investment can still earn US$2.5 billion!

Zhou Buqi was somewhat surprised when he heard what Senior Sister Zhen Yu said on the phone, "How much? 2.5 billion US dollars?"

"This does not include interest. After including interest, the net profit after tax is 25 US dollars."

"Sister, I'm very worried!"

"Yes, I am also very worried. The power of short selling is too strong. Yesterday, some German institution entered the market and managed to get it to more than 10 euro cents. Today it fell back to 7 euro cents. There is also pressure from public opinion. They

Maybe they will really abandon Greece."

"What did you say?" Zhou Buqi didn't know whether to laugh or cry, "I said I made too much, it's too eye-catching."

Zhen Yu was very doubtful, "Will the EU save Greece?"

Zhou Buqi said: "I'm not sure, but the conspiracy atmosphere is very serious. The biggest short-selling forces are American hedge funds. Maybe this is a competition between the European Union and Wall Street. There are banks in Germany.

The market has endorsed Greece, isn’t this a signal?”

Zhen Yu said: "I have a headache."

Zhou Buqi smiled and said, "What's the trouble? For this matter, the European Central Bank is much more reliable than the Federal Reserve."

Zhen Yu asked: "What should we do now? After buying it, should we wait? Wait for the bond to mature?"

"It's okay, you can do it." Zhou Buqi reiterated, "Anyway, I said, our business this time is not to make money. The main thing is to provide you with an opportunity to show your skills, just like playing a game, how fun it is.

?If possible, we should still cooperate with the EU authorities and use the stability of the financial market to obtain some preferential policies."

It’s only 2010, and the bonds are due to mature in 2017, which is still early.

Few financial institutions can hold on for such a long time.

The current Greek crisis is just the beginning, the first stage.

By 2012, there was a bigger crisis. Fortunately, the EU came to help again and granted another 130 billion euros in bailout loans, allowing Greece to survive. At that time, Greece’s sovereign debt investment ratio was 1 euro to 7

After the European Central Bank firmly stated that it would help, the bond market soared, with an increase of 763%, once exceeding 50 euro cents.

Later, in 2015, Greece held a new round of elections. Radical nationalist forces came to power and broke up with the EU, saying that their loan conditions were too harsh and the Greek people were suffering too much! I’m done with it!

National debt?

Damn it, I won’t pay it back!

It is conceivable that the Greek crisis is coming again, and the national debt has become a junk bond again.

Sovereign credit was lost, and the entire country completely collapsed. They did not farm, could not buy food, and could not even eat. Their life was comparable to that of the Soviet Union. After holding on for less than a month, the Greek authorities could no longer stand it and turned around.

Go kneel down to Germany and admit your mistake.

Merkel, the female Prime Minister of Germany, was very powerful, so she agreed to continue to help, but the conditions she proposed were even more stringent, and Greece had no choice but to agree. After a series of changes, Greece finally found the right direction, endured hardships, and reduced welfare.

Reduce expenses and work hard to repay. The country is finally back on track.

In other words, by choosing good trading opportunities in batches, you can maximize your profits even if you don't short-sell.

Buy Greek government bonds now, wait for the EU to grant the first wave of bailout loans, and then sell them. Then the price of the government bonds will be suppressed again, and then buy them back at the bottom, wait for the EU to grant the second wave of bailout loans, and then sell them;

Then wait until 2015 when Greece's credit-bankrupt government bonds turn into junk again, then buy them, and then you can sit back and wait for payment.

After this wave of operations, the investment and cost of US$200 million will become at least US$20 billion by 2017.

Zhou Buqi doesn't know much about the detailed process of the European debt crisis. Even if he knew everything, he wouldn't know how to do it.

This kind of financial market operation can indeed make a lot of money, but it is really boring.

Just like Musk looks down on Buffett, this kind of capitalist who speculates instead of producing really has no high social value.

In contrast, working in serious industries provides a greater sense of accomplishment. Industrial success, especially success in changing the world, is far more exciting than numerical growth in money.

This time, he wants to take further action on football.

The highest goal is to find a direction for the development of Chinese football.

Guaranteed goals, leading the tactical style of European football in the new era.

Zhou Buqi stayed in Germany for two days and met with Hoffenheim's boss Hope, but he was not in a hurry to meet with head coach Rangnick. If Mr. Hope can be dealt with, the matter will be more than half done.

If Hope can't be dealt with, this matter will be more troublesome.

Because Rangnick is a German, he is the theoretical godfather of German football's fast pressing and pressing system.

This kind of football is very entertaining to watch.

Italy's defensive counterattack is too wretched; England's long pass and lob are even more aesthetically pleasing; Spain's passing and control system can slowly make people fall asleep.

Rangnick's football philosophy is more in line with the global football promotion concept and can make football matches as exciting as rock music.

To achieve this goal, it is best to have a top German club participate in the practice and become an important part of this ecosystem.

Mr. Hope hesitated.

Because once he joins the football system created by Zhou Buqi, he lacks dominance over the club's decision-making power.

Zhou Buqi was not in a hurry and invited him to the Old Trafford Stadium to watch the second leg match between Manchester United and Bayern in midweek. Then he went to Wolfsburg to attend the signing ceremony of the strategic cooperation between Ziweiyun and SAP.

The scene was quite lively.

After it was over, Kurian smiled and said: "I just received good news."

"What is it?"

"Netflix will cooperate with Ziweiyun to promote the expansion of overseas markets, starting with the United Kingdom."

Zhou Buqi nodded, "It is easier to develop in English-speaking countries. In the European market, the biggest difficulty is the European continent, where there are too many countries and the environment is too complex."

Kurian is very experienced, but that's not what he said, "There are a lot of Blu-ray high-definition videos on Netflix, which is very troublesome."

"Um?"

Zhou Buqi raised his eyebrows.

Kurian said: "There is no problem in the core areas of big cities like London and Manchester, but the broadband infrastructure in many suburbs and small towns is not good enough, and they will be under high load due to the surge in remote work."

The transmission of network information is like a river. The river infrastructure in suburbs or small towns is average and the river is narrow. If a business such as streaming video is launched to transmit massive information, the river may be blocked, and other users will not be able to

The law is online.

"What do you mean?"

Zhou Buqi glanced at him.

Kurian said: "Maybe we can try to develop our own operator business. Ziweiyun's market development cannot be separated from the improvement and expansion of infrastructure. This is especially true for streaming media."
Chapter completed!