I figured out that Yang Xing was not a paladin who rode a white horse to save all living beings, but a cold financier who was the best at taking advantage of the situation. The representatives of European pig countries were all like they were beheaded. Now they were not worried about Yang Xing's willingness to pay for them, but the other blow to their sovereign debts that the "vulture fund" he talked about.

After the Asian financial crisis, many people in many countries called hedge funds that pushed the crisis to the top financial vultures, because they like to surround countries and enterprises that have economic crises the most. Once someone falls down, they immediately rush up and eat them all, just like vultures fighting for strong rot on the African grasslands. However, in the international financial world, vultures are specifically called certain funds, meaning that even within Wall Street, which is known for its iron heart, fund managers who ignore this kind of money and ignore the tragic consequences of the crisis they cause to the people of the target country cannot fully agree with it.

The world's first famous "Vulture Fund" was born in the Argentina debt crisis in 2002. At that time, the risk of debt defaults swept across South America, and the worst was Argentina. In a helpless situation, the Argentine government announced the suspension of payment of about US$82 billion in default debts. In fact, it was a disguised national bankruptcy, saying that it had no money to pay it back and could only rely on the debt. This is even more similar to the situation of European pig countries that are burdened with debt.

However, many Argentine treasury creditors were very dissatisfied with this condition, but the International Monetary Fund proposed this plan and agreed to provide assistance. Its thighs were too thick and most people could not compete with it. Therefore, in order to reduce losses, many investors simply sold the Argentine sovereign creditors in their hands at a low price, and the "vulture fund" that accepted these creditors came into being.

These "vulture funds" companies are nominally registered in some tax havens, and it is difficult for outsiders to find out the details. However, in fact, their shareholders are all American speculators. After purchasing Argentina's debts at a low price, they turn around and sue the US court, demanding that the Argentine government fully repay the principal and interest of the debts owed. Since US business laws also have certain jurisdiction over the losses of their businessmen's overseas operations, even if they sue foreign government debt defaults, they can file a case.

This kind of cross-border litigation is not good for the Argentine government, whether it wins or loses the lawsuit. Once the "Vulture Fund" wins, it means that the US government must block Argentine's assets in the United States as collateral. Moreover, the British and American legal systems are based on case law. Once this gap is opened, Argentine creditors around the world can file lawsuits against the US government based on this judgment. If they lose, it will be a huge blow to the credit of Argentine's country, indicating that the Argentine government will not repay its debts, which is very unfavorable for Argentina to raise funds in the international market.

In 2005, the Argentine government finally gave up paying for two-thirds of its debts after long-term negotiations in exchange for most creditors agreeing not to pursue debts. As a result, Argentina's efforts were made to make all the money. Now, because the market is worried that it may fall into a technical debt default or wait for the final ruling of the US Supreme Court, the international rescue funds have been unable to be obtained for a long time and are basically isolated from the international debt market. This is not a good example for European pig countries that want to reorganize their sovereign debts.

Vulture Fund is unsatisfied with the aspirations of the vulture fund. It has been a lawsuit with the Argentine government in 2002. Even though the Argentine government has made many concessions, Vulture Fund has obtained a few times more than the original acquisition of the debt, but it still refused to give up. If it weren't for the US government, the Federal Reserve and the International Monetary Fund, given that the United States and the European Union are currently owing a lot of debts, if Vulture Fund handled the rules, wouldn't it be that Western countries would have to fall apart because of the sovereign debts and feel that they can't do whatever they want. So they put a lot of pressure on the court that accepted Vulture Fund's lawsuit, and the demands cannot be fully met. This matter has been delayed until now, and the news has been rumored. Now Yang Xing talks about it. All the representatives of European pig countries are dissatisfied. It sounds like Yang Xing wants to take advantage of the situation and take advantage of the situation to rob!

Yang Xing observed his expression and felt that the shock bomb he threw had effect, so he opened a hole and said, "Actually, I am sincere in cooperating with you, but I am a businessman. If you want me to take action, you have to pay a sufficient price, right?" After the words, European pig countries all expressed shame. Generally speaking, even the smaller countries were superior to their own strength.

But this law was broken by Yang Xing. Yang Xing is truly rich and can match a country. At this time of crisis, he prepared hundreds of billions of dollars of cash. The recent issue of Forbes magazine has tied his personal assets with Bill Gates, believing that he is the richest man in the world. Especially last year, Zhongxing Capital has undergone a series of capital operations, Yang Xing has greatly privatized its companies. His position as a major shareholder in Zhongxing and its subsidiaries is no longer shaken. Now the outside world estimates that his personal assets have reached US$50 billion, compared with Bill Gates's stock price falling year by year after the bursting of the Internet bubble. His future is undoubtedly greater.

Iceland and Cyprus have few people. Even if the per capita GDP reaches tens of thousands of dollars, the total assets of the country are only tens of billions of dollars. This time, in exchange for overseas aid, in addition to using shares of financial institutions that are on the verge of bankruptcy as collateral, they also took out resources such as their fish industry, ports, tourism and submarine oil.

Ireland and Greece are relatively better. In addition to real estate, in order to attract foreign investment, Ireland has the lowest tax revenue in Europe, and has implemented policy preferential treatment for high-tech industries such as biochemical, electronic engineering and computer software, attracting large number of companies including Oracle and Intel to settle in European headquarters, and Nebula Electronics' European branch is also among them.

Greece is located at the Mediterranean shipping center and its profound historical heritage, and enjoys a reputation in both tourism and shipping industries. This time, she came to China to sell some port management rights or state-owned enterprises shares for assistance. However, the EU has always maintained a high-ranking alert attitude towards China, believing that China and the former Soviet Union have a lineage in the political system and are inherently distrustful of China. Even if it sends special envoys to assist European pig countries in asking for help from China, it will hide it.

The negotiations between the European and Chinese governments are still like this. Yang Xing, as a private investor, believes that it is reasonable for these countries to seek help. He heard Yang Xing’s proposal to use the “Vulture Fund” to crack down on their debt restructuring plan, which made these representatives almost desperate. Seeing that the temperature was similar, Yang Xing proposed several plans, saying that if these countries could do it, he would consider lending a helping hand and ensuring that he could join forces with a few more allies.

However, after hearing Yang Xing's proposal, the representatives of the European Pig countries all expressed different expressions. They obviously felt that Yang Xing's plan was too shocking. No matter how high-sounding these methods are, there is only one core, that is, "robbing the rich and helping the poor." For example, Yang Xing proposed that these countries increase the ratio of middle and high-end individual income taxes and strengthen the crackdown on the evasion of taxes by the rich. They implement stricter capital controls, so that the country can raise a butcher knife to attack the richest class, and use this tax as collateral to exchange for loans. As well as further rectify the entire banking system, cut and limit the high salary of the management, and force them to give up huge dividends and compensation in exchange for exchanges and no longer hold them accountable.

The most ruthless one is that these countries have debt crises caused by the collapse of the banking system. They cannot always expect the government to buy learning. All citizens should have to overcome difficulties together. If necessary, taxes can be imposed on all bank deposits. Large deposits above certain standards can be collected at high tax rates. Deposits of ordinary residents with less than tens of thousands of euros can be exempted from taxes. With bank deposits as collateral, Yang Xing can naturally find someone to help European pig countries.

But this almost challenges traditional business rules. Banks need to protect the interests of depositors. Even if a bank goes bankrupt and runs, the government will come forward to protect the interests of small and medium-sized depositors. This is almost a common practice in all countries around the world. Representatives of European pig countries thought they had heard it wrong, but after thinking about it carefully, they found that although this will definitely arouse strong opposition from the people, it is also the most direct and convenient solution at present. What can be easier than taking the money of the rich directly in the name of taxation from their own bank deposits?

But this goes against the statements of any capitalist textbook. Private property is inviolable, but the cornerstone of all Western economic laws. What is the difference between Yang Xing's approach and open robbery? Yang Xing spreads his hands and answers: "Our country leaders once had a famous saying, 'No matter whether it is black and white cats, catching a mouse is a good cat'. The situation of all countries is to race against time. Whether it is bankrupt or on the verge of bankruptcy, in the eyes of outsiders, there are houses that are on fire. Anyone who wants to invest money in will care whether you can put out the fire. At this time, you have to try any method."

"As the same as the bankruptcy of the country, everyone needs to tighten their belts and live a hard life. Do you want to offend most ordinary people who think that their wealth has been cheated by a small group of bankers, or the rich people who are still living a life of wine and wanting to transfer assets abroad. This is not difficult to make. To be honest, your collateral cannot attract investors at the moment. Instead of waiting for death, it is better to just throw a gamble. In addition, you don't have to worry that this condition will be blocked by the EU. I can guarantee that the conditions offered by the EU will be more stringent than mine!"
Chapter completed!