Rebirth: Super Banking System

Chapter 2554: Chapter 2392: Italy Plans to Leave the Eurozone

March.

Same as previous years---lively!

Subscription.

World Union.

Water release.

Gold.

Forbes.

Rocket.

...

Eastern news occupies half of the global hotspots. As for the other half, it is happening in the Eurozone. The decline of the Euro shows no sign of improvement.

Conversely.

It’s getting worse.

Drop!

Rise.

Drop!

...

Fluctuating, neither dead nor alive. If that’s all, it would at least maintain the status quo. But the key is, the people of Eurozone countries can’t take it.

Wealth reduced by half.

How to play?

Prices rise, wages do not, many people already have no deposits, now even halved, such days seem to last long.

How can one endure?

Protest.

March.

Demonstrate.

On Eurozone country streets, it’s a daily occurrence, continual conflicts. Moreover, the media has exposed acts of various countries taking advantage of the Eurozone.

"Restriction, foreign companies must be restricted from taking advantage, it’s so vile."

"Boycott."

"Immoral capital, how can they sell so casually, many even sell to Africa’s enterprises. Joining the Eurozone has diluted national concepts."

"It’s a terrifying fact."

"Disband."

"Separate."

"..."

A large number of people are furious, shouting for separation, done playing.

After all.

If you stay in the Eurozone, others can continue to reap without any recourse. If it disbands, countries take control of currency rights, making a big difference.

Therefore.

The calls for disbanding rise wave after wave.

...

Eurozone.

The meetings that used to happen once a month are now almost every two or three days, everyone gathering and shouting. Due to consecutive bad ideas before,

pushing the Eurozone into more unfavorable positions.

Thus.

Becoming more cautious, but this caution makes some countries very dissatisfied.

"The Asia Dollar continues to release funds, a large number of Euro capitals, once again seeking refuge. Many of our country’s enterprises have been bought by some African capitals."

"Speak."

"What to do?"

"Huh?"

"Those former hillbillies, used to be our bans, now conversely, buying away our industries. If not stopped, I’m quitting."

"..."

Italy’s representative, shouting loudly.

Joint wealth.

Yet.

Joint hardship?

Sorry.

Italy has no interest, without further measures, they will also be forced to step down like France’s cabinet, not voluntarily, but driven away.

"How about restricting Euro and foreign currency exchanges?" Someone suggested.

"..."

Regarding this foolish suggestion, no one paid attention.

Euro.

If it loses its free exchange attribute, it would be a huge negative. Because no one wants to be unable to even escape. The Asia Dollar doesn’t do so either.

Yes.

The Asia Dollar has financial regulations.

But.

It only restricts funds entering Myanmar’s financial market. Asia Dollars held by countries can be freely transacted, Myanmar Central Bank does not restrict.

Therefore.

Euro doing this is akin to digging its own grave.

Whether it’s restricting Euro and Asia Dollar exchanges, or restricting foreign enterprises from merging local enterprises, it will definitely worsen the current situation.

Difficult to manage.

Absolutely can’t be used.

Thus.

A day.

Spent in bickering, Italy slamming the table and leaving.

...

Also on March 23.

Finally.

Italy didn’t want to sit idly by, publicly announced: referendum on whether to exit the Eurozone. This news instantly took over the Eurozone’s public opinion heat.

"Does Italy want to leave the group?"

"God."

"Is the Euro really ending? Initially eleven countries, now down to ten, Portugal and Italy leaving the group, leaving only eight."

"Euro, in danger!"

"..."

Countries were shocked, Italy is a major Eurozone country, its influence is only slightly less than France and Germany, now directly officially announcing referendum to exit, it’s incredible.

However.

Italy, everywhere cheered.

Italy’s citizens took to the streets, celebrating victory, hoping for Italy to regain its monetary control, no longer accompanying the Euro to doom.

Can’t help.

It’s too miserable now, non-Eurozone EU countries, holding monetary sovereignty, all well off, currency values stable, even slightly rising.

In comparison.

Tied to the Euro, they are too dangerous.

Shared honor possible.

Tough hardship not bearable.

If their own currency devalues sharply, they can find their own problem. But being dragged down like this, is too awful.

Unwilling to continue.

At this moment.

More and more people begin to reflect, thinking the Euro’s design is good. But in a crisis, it easily drags everyone down.

Can only prosper.

Can’t decline.

Moreover.

Having only existed for a decade, such a big problem arose, continuing, the risks accumulated would be even higher.

The voice of dissolution is constant.

...

At this moment.

France and Germany sides are infuriated. The Euro’s not finished yet, you’re leaving at a crucial time, simply targeting the Euro’s life.

"Fool."

"No alliance loyalty at all, too vile."

"Damn."

"..."

Some people started cursing, such a negative news, enough to make Euro’s exchange rate turbulent. The reality is the same, as soon as the news came out, Euro further dropped.

Eleven countries.

Becoming eight.

No one expected Italy to take such a drastic step. Luckily many capitals were prepared, without leveraging too high, maintaining their positions.

Otherwise.

This loss would be heartbreaking.

Now to have Italy retract this command, it’s impossible. Words said are like spilled water, Italy’s stance is clear.

Afterwards.

Even if not actually leaving, it’s hard to convince that they weren’t coerced.

...

A week later.

Referendum.

The result was no surprise, overwhelmingly voted for leaving, making Italy the third country to start the exit process. Greece was the first, already successful.

Now.

Due to early exit, Greece surprisingly becomes an ’exemplary model’ for exit, like the previous debt of 400 billion Euros, now due to exchange rate halving.

Still owes 400 billion Euros.

However.

The pressure is nearly half less, because they can use the new Greek currency to exchange for the original amount of Euros. This scale of debt relief.

Can be called enormous.

Repayment pressure suddenly reduced. As for why anyone would want to use Euros to exchange for Greek currency? The reason is simple, can first exchange for Asia Dollar.

Holding Asia Doller.

Greece wanting to exchange for Euros, couldn’t be easier, lots of people willing to.

This cut.

Heart-aching for Eurozone countries, so damn fierce, not only taking advantage of their properties, but also supporting Greece to exploit Euros, cut after cut.

Pain!

Heart pain.

Mind also hurts.

But there’s no recourse, their approach is flawless. Even if knowing Myanmar played dirty, can’t stop it, because all is reasonable and legal.

Seeing this situation, many Eurozone countries start to feel tempted, because exiting early can still exploit a bit here, lessening a big debt.

The later.

Benefits won become fewer.