Rebirth: Super Banking System - Chapter 2458 - 2296: Another Referendum
Chapter 2458: Chapter 2296: Another Referendum
At this moment.
European Union.
They convened another conference for the issue of Greece. The atmosphere was lively, with various parties speaking and fierce debates emerging between saving and not saving Greece.
“We cannot save it.”
“Yes.”
“Too arrogant, daring not to repay and yet using public opinion to threaten us, this cannot be tolerated.”
“Exactly.”
“But if we don’t save, and Greece really doesn’t repay, then what should we do? I believe it’s high time to initiate the bailout process, delaying doesn’t help.”
“What’s wrong with delaying?”
“Exactly.”
“Don’t forget, we still hold the ultimate weapon, should we fear Greece?”
“…”
During the conference.
The mainstream opinion shifted from saving or not saving to not being threatened. Many felt the atmosphere of this meeting was somewhat strange, but couldn’t pinpoint why.
Because.
Those against the bailout had very strong reasons.
…
Ultimately.
“No compromise!”
The proposal was passed by majority vote.
Indeed.
The Greek problem needs resolution, but the solution is not merely handing out money. Most believe that Greece must undergo deep reforms.
Wages.
Benefits.
Retirement.
…
All expenditures.
Must be reduced to normal levels, and measures like reducing government employees must be taken to show Greece’s determination to resolve its debt.
Following this.
The document was sent to Greece, sharply worded, urging Greece to see reality and avoid self-deception, listing numerous disadvantages of defaulting along with threats.
…
Greece.
Capital.
Received the document.
“…”
The President rolled his eyes. These conditions had been raised by the EU not just once this year, asking Greece to self-reform; they can’t continue like this.
Not exactly novel.
But.
How to reform?
If welfare is cut.
The next day.
He would have to step down, as Greek citizens don’t care about difficulties; if you cut their benefits and wages, they’ll replace the President.
In other words.
President.
In the eyes of Greek citizens, the primary goal is to borrow money for them to maintain high welfare. If he lacks this ability, they will bring in the next one.
Everything.
Is just that simple.
Now.
The EU’s demand seems to be a push for him to resign; how could he agree?
Frustrated.
Disheartened.
At this moment.
He was feeling a bit like he wanted to give up on this mess of debt, thinking he couldn’t possibly sort it out, being pressured from all sides.
Exhausted.
However.
He is still in this position, so he must think about how to break this deadlock. Soon, the presidential cabinet was gathered once again.
“Speak.”
“Any good ideas left?”
The President asked.
Upon hearing.
Cabinet members exchanged glances, no one spoke; if there were good ideas, would it have escalated to this point? Unexpectedly, the EU ignored public opinion.
Of course.
There is an element of strategic play, they can’t just give in whenever there is a commotion. But the differences between the two sides are huge, and reducing public expenditure is very difficult.
This.
Even if the strategic play continues, the EU will not compromise.
Therefore.
A different path must be found.
At this moment.
A cabinet member spoke up:
“Mr. President, I believe the previous referendum wasn’t strong enough. I think we might consider a referendum to exit the Eurozone.”
“Return to Drachma.”
“By doing this.”
“The EU will surely panic.”
His words.
Resonated compellingly, leaving other cabinet members stunned; Drachma, Greece’s official currency before joining the Eurozone, was a daring idea.
However.
Upon deeper thought, it was kind of a desperate measure, but there were concerns, “What if the referendum result is to leave the Eurozone?”
Upon hearing this.
The proponent smiled lightly.
“Simple.”
“If the result is to leave, the EU will surely panic. Furthermore, leaving is not instantaneous; there are many processes involved, it doesn’t happen overnight.”
“In the end.”
“If it really comes to leaving… timeline-wise, it’s next term’s problem.”
Commonly known as.
Shifting the blame.
First, put on a good show, regardless of possible chaos later.
Upon hearing this.
The room fell silent.
Followed by excitement.
“Yes, that’s a problem for the next term to handle. We should first overcome the current difficulty; if luck favors us, we might resolve the present crisis.”
“Exactly.”
“Agree.”
“That’s a good idea.”
“…”
Most of the cabinet members expressed agreement. Because in their minds, such a significant matter as leaving the Eurozone had a very low success rate.
Thinking.
The next term should potentially use it as a bargaining chip to negotiate with the EU. Their current cabinet’s term only lasts until mid-year.
Therefore.
They were uninterested in future matters.
Head seat.
The President listened to his subordinates chattering, feeling like he’d grasped at a lifeline, believing it was Greece’s only way out.
Humph!
Not repaying via referendum is insufficient.
So.
Leaving the Euro should suffice, though he didn’t think it would actually happen, he intended to use it as a bargaining chip to save some face.
“Good.”
“Let’s proceed,” he said.
…
That day.
The EU resolution was announced.
Citizens of other Eurozone countries all cheered, while Greece strongly opposed, thinking the EU was too evil and keen on cutting their welfare.
Refused.
Took to the streets.
Protested.
Slandered online.
Retorted below.
In essence.
The sentiment towards the EU grew larger and larger.
The next day.
Greece announced they would hold another referendum, with the content of this referendum shocking media globally; Greece actually wants to leave the Eurozone?
Damn!
Is this really Greece?
Initially.
Greece clamored to join the EU and the Eurozone, yet now they’re not repaying, wanting to exit the Eurozone, what’s happening?
However.
Media never fear amplifying the drama.
…
Icefield.
Another day of tasks concluded.
“What?”
“Actively leaving the group?”
“…”
The group was dizzy from this news, assuming that even if there’s a one percent chance of leaving, it should be proposed by the EU.
Unexpectedly.
Greece itself proposed it, with yet another referendum.
“They shouldn’t vote to leave, right?”
“I also think this matter is too big.”
“…”
The group was not convinced Greece would leave the group; be it from their information channels, media omission, or personal ’reasoning’.
It was hard to accurately deduce if such a significant event would really happen.
By the campfire.
“Tang Qing, what do you think?” Chai Ren asked softly.
“The possibility of voting to leave is very high; as for the reason, it’s like the prior default referendum, now Greek citizens are all fired up.”
Similarly.
A reason offered for deduction.
Quite unsophisticated.
However.
This time Chai Ren smartened up; Tang Qing’s words were always conservative. High probability nearly equates to absolute occurrence, now all that’s needed is.
To quietly await the result.
