Greece to roman road

The atmosphere in the meeting room became tense with the fierce opposition expressed by Georges, chairman of the trading committee of the Athens Exchange.

Relying on the special status of the Athens Exchange as the only exchange in Greece, Georges himself had a wide network of friends in the Greek upper class, many friends, and no shortage of sources of information.

He was naturally well-informed about the news that the government planned to strengthen supervision in the field of securities trading and adopt strict policies and measures to crack down on insider trading.

Prime Minister Venizelos' newly appointed Minister of Commerce, Karamanlis, was sitting opposite Georges. Looking at Georges, who was serious and a little emotional, he reprimanded him unceremoniously: "Mr. Georges, at present, Greece In the financial world, financial crimes related to securities trading are very rampant. Employees of stock exchanges use their authority to cooperate closely with managers of listed public companies and other speculative financial institutions to conduct insider trading crazily and take advantage of asymmetric information. advantage and defraud other investors, which is a serious crime according to Greece’s current securities trading laws.”

"This national debt incident is just one example."

Insider trading has never been eliminated since the emergence of stocks. It can be said to be a stubborn disease of the securities industry. The reason is for no other reason than the benefits.

The managers of listed companies have the latest information about the company, and no one knows the company's situation better than them.

In the financial market, timely and effective information is real money.

Whoever can master the latest information will be unfavorable in the financial market.

The most well-informed and sensitive organizations in the world are those financial companies.

Under the temptation of huge amounts of money, managers often sell the latest news in their hands for a good price, rather than promptly and effectively disclosing it to their shareholders.

"Such criminal behavior has seriously disrupted Greece's financial order, widened the gap between the rich and the poor in the country, and is a cancer for the entire country. The government cannot sit back and watch such opportunistic criminals earn high profits. This is a huge blow to those who work hard." It’s not fair to the people who work.”

"As the Minister of Commerce, what I can't bear even more is that the controlling shareholders of some listed companies are motivated by their own interests and have also participated in insider trading. By engaging in insider trading, they have gained success in the securities market. Relying on such The profits earned through fraud are actually higher than the profits earned through hard work in managing the company.”

"If things go on like this, criminal liars will make a lot of money by relying on some despicable and dirty methods, and they will not be punished. Naturally, business managers will follow their example. Bad money will drive out good money, and no one will be willing to run the company well. "

"If such a bad trend arises in society, the real economy will slowly die. Without the support of the real economy, what future will a small country like Greece have financially?"

Karamanlis, the new minister of commerce, took office just in time for the country's financial reform. If he can perform brilliantly in it and leave a deep impression on Crown Prince Constantine and Prime Minister Venizelos, There is no need to worry about rising in Greek politics.

Constantine sat on the main seat and after delivering a speech on the meeting, he just watched with cold eyes.

After being immersed in Greek politics for twenty or thirty years, Constantine became more and more sophisticated in his imperial scheming, and he was able to handle government affairs with ease.

The reform of the financial sector is something that he and Prime Minister Venizelos have agreed on. It is also in line with the shortcomings of the Greek economy and national conditions, and in line with the national interests of Greece. With the support of the two military and political strongmen, it will definitely be carried out even if there are many obstacles. of.

Regarding financial reform, Constantine only discussed it with Venizelos, and the specific operations were left to the Ministry of Commerce.

It's just that the reform itself will offend a large number of vested interests, like Georges. The royal family is not suitable for being in the limelight and is happy to see what the government does.

Karamanlis's statement was well-founded, and even some businessmen whose interests were affected by the reform and would be harmed could not say anything to refute it. There were only whispers and whispers in the conference room.

Seeing that no one spoke at the meeting, Ikios, the president of the University of Athens, interjected: "I think the financial order in Greece should indeed be reformed."

"The level of industrialization in Greece is not high, and the number of high-level positions it can provide is extremely limited. More and more Greek college students cannot find jobs suitable for their majors after graduation."

Since Ikios serves as an executive member of the Royal Educational Foundation while holding the position of president of Grand Point University, he is very familiar with the current situation of education in Greece.

"With the strong support of the Royal Educational Foundation and the government, Greece's current higher education is developing rapidly. Currently, about 20,000 to 30,000 college students are graduating every year."

"Nowadays, more and more college students have difficulty finding their favorite jobs after graduation. Suitable positions are becoming increasingly scarce. Many students can only look for positions that do not require college students. The phenomenon of academic qualifications devaluation is gradually emerging in society."

Speaking of this, Ichios was deeply moved: "Now more and more students are forced to work as clerks in government departments."

"The cost of educating a college student in society is between 40,000 and 50,000 drachmas. In recent years, the Royal Education Foundation and the government have invested more and more in the field of education. We do not want these people to do jobs that everyone can do."

"Just like grassroots government employees, the job content is very simple, just stamping and signing, which is monotonous and boring. Even a primary school student can do it. Why waste those talents that have been trained at a high cost?"

The level of industrialization in Greece is low. Just like the Athens Textile Factory, a factory with tens of thousands of employees has only more than 100 employees with a bachelor's degree. For ordinary workers whose jobs require more, the educational requirements are very low.

"Greece's own national conditions lack all kinds of mineral resources and its population is less than 10 million. The development model that relies on a large population, a large amount of cheap labor, and the production of cheap industrial products, such a rough and bold economic development model, is what Greece is doing Not coming.

The industrial products produced in Greece are not very competitive internationally. Greece used to export 400 million drachmas every year. Due to its advantageous geographical location, the single market of the Ottoman Empire alone accounted for 200 million of them. The rest, except for the Congolese colonies, were sold to other countries, and the total amount could reach 50 million.

Nowadays, the relationship between Germany and the Ottoman Empire is getting closer and closer, especially after the opening of the Berlin-Baghdad Railway, German industrial products were continuously exported to the Ottoman Empire with the help of trains.

Compared to the quasi-allies of the Ottoman Empire and Germany, Greece had many conflicts with the Ottoman Empire.

Under such circumstances, the market share of Greek industrial products in the Ottoman Empire would continue to shrink.

Greece's current industrial development is already at a bottleneck stage and there is no choice but to reform. "

When a college student goes to the assembly line to do some simple work, he may not be able to do it as well as those with lower academic qualifications!

Now that Greek education is on the right track, more and more college graduates will be produced every year.

In the past, due to the small number of university graduates in Greece each year, and the fact that college students were also scarce high-end talents in the early 20th century, the employment situation has always been smooth.

"Under the current level of industrial development, it is better to save money and reduce investment in education than to waste high-level talents. We will not need so many college graduates."