Hollywood starts with an agent

Chapter 162 Spanish Beauty

When Aaron took Jennifer Connelly to the Venice Film Festival in Italy;
Sparks finally appeared in the European foreign exchange market.

The Finnish Mark was the first to react to the German Mark's interest rate hike. The Finnish Mark and the German Mark were automatically linked, and after Germany raised interest rates, the Finns switched their Finnish Marks to German Marks.

However, by September, the exchange rate of the Finnish Mark against the German Mark continued to fall, and in order to maintain the exchange rate, the Finnish Central Bank had to sell German Marks and buy Finnish Marks!

But the Finnish mark continued to fall. The Finnish central bank had limited German marks, and soon the Finnish government suddenly announced that the Finnish mark and the German mark would be decoupled and float freely.

When the decoupling of the Finnish Mark from the German Mark became a reality, senior government officials, led by Britain, France, and Italy, felt the seriousness of the problem.
They united and again suggested to the German government to lower interest rates, but the German side believed that the decoupling of the Finnish mark was insignificant and rejected the suggestions of the British and French governments!

In Venice, Al Pacino, Matt Damon and other crew members were enjoying a banquet at a party for "Scent of a Woman";

At this moment, Aaron was watching the news on TV in the hotel room.

Aaron was lying in a large bathtub, watching the economic news. After a while, the sexy and beautiful Jennifer Connelly emerged from the water, leaned into Aaron's arms and kissed him.
The 34D body is pressed tightly against the man's chest!

"What are you looking at, dear?" Jennifer Connelly said affectionately, hugging the man's neck.

Aaron smiled, kissed the girl in his arms, and then caressed her soft flesh. "Look, the Italian lira is in crisis. The exchange rate has plummeted all the way to the lower limit of the lira-mark exchange rate in the European Monetary System's exchange rate mechanism!"

Even though Italy had raised its bank's discount rate twice in the previous two days and sold marks and francs in the foreign exchange market, it was of no avail.

Jennifer Connelly nudged the man and said, "In the European Monetary System, the Italian lira is a soft currency."

"Besides, the economies of Britain, France and Italy have not been good in recent years!"

Aaron leaned against the bathtub, closed his eyes, and while enjoying Jennifer Connelly's initiative, he thought about the pound crisis, which seemed not far away.

The next day, the Italian government was forced to announce a devaluation of the lira, lowering its exchange rate by 3.5%, while the other 10 currencies of the European Monetary System would appreciate by 3.5%;

This is also the first adjustment of the European Monetary System exchange rate since January 1987, 1.

With Italy's proactive announcement of devaluation, the German government made minor concessions in order to maintain the operation of the European Monetary System;
On the second day after the Italian lira devalued, the German government also officially announced that the discount rate would be reduced by half a percentage point, from 8.75% to 8.25%. This was the first interest rate cut in Germany in five years.

……

The crew of "Scent of a Woman" was mainly engaged in promotional activities at the Venice Film Festival, and Al Pacino was very busy;
After participating in a promotional event in Venice, he left Italy and returned to the United States.

As for Aaron, he still stayed in Italy, just keeping an eye on the foreign exchange crisis in Europe!
Sure enough, the day after Germany cut interest rates, international speculators led by Quantum Fund began to attack the British pound;

As a large number of sell orders were placed, the exchange rate of the pound fell all the way, and the exchange rate between the pound and the mark broke through three defense lines to reach 1 pound equal to 2.78 marks.

The sharp drop in the pound also threw the British government into disarray. On the morning of the third day, it announced a 2 percentage point increase in bank interest rates, and a few hours later announced another 3 percentage point increase, raising the interest rate from 10% to 15%.

Raising interest rates twice in one day is unprecedented in the UK's modern history. The UK's purpose in taking this unusual action is to attract short-term foreign capital inflows, increase demand for the pound, and stabilize its exchange rate.
However, it was of no avail. On that day, the exchange rate between the pound and the mark fell from 1 pound equal to 2.78 marks the day before to 1 pound equal to 2.64 marks.

The exchange rate between the British pound and the US dollar has also fallen from 1 pound to 2.08 US dollars to the current 1 pound to 1.73 US dollars!

That evening, the British Chancellor of the Exchequer announced that the UK would withdraw from the European Monetary System and reduce interest rates by 3 percentage points. Shortly thereafter, the interest rate was reduced by another 2 percentage points, returning to the original level of 10%.
At this time, the Italian lira also encountered a crisis again, and the exchange rate of the German mark to the Italian lira once again exceeded the limit of the readjusted exchange rate decline!

In order to save the lira from falling, the Italian government spent foreign exchange reserves worth 40 trillion lira, but it was never effective. It had to announce that the lira would withdraw from the European Monetary System and allow it to float freely.

Soon, after an emergency meeting, the financial officials of the European Community announced that they agreed to the temporary withdrawal of Britain and Italy from the European Monetary System, and the Spanish currency would be devalued by 5%!

"Well," Aaron hugged Jennifer Connelly and kissed her passionately in the bathroom at the closing banquet of the Venice Film Festival.

"You've been in a good mood these days!"

Jennifer Connelly was half-dressed, sitting on the sink, holding the man's head tightly.

Aaron smiled and said, "Of course I am happy. I shorted the British pound in the foreign exchange market in New York."

Jennifer Connelly shouted and fell into the man's arms, "Well, wait until we get back to the room."

Jennifer Connelly got down from the sink and squatted in front of Aaron...

After an unknown amount of time, Aaron left the bathroom first and prepared to return to the banquet hall.

But in the corridor, he accidentally bumped into a sexy woman in a red evening gown with Hispanic looks and skin!

"Sorry, are you okay?" Aaron deliberately helped the other person, feeling a bit like Salma Hayek.

"Ah, I'm fine! Thank you."

The woman stared at Aaron in disbelief.

"I remember now, you're the heroine in the Spanish movie 'Ham, Ham'? Your name is..."

"I'm Penelope Cruz from Spain, Mr. Anderson!"

Penelope Cruz, who just turned 18 this year, seemed to recognize Aaron Anderson.

"Ham, Ham" is a Spanish erotic film in which Penelope Cruz has a bold performance;
Sexy, beautiful and hot Penelope Cruz dares to do so in her first movie "Ham, Ham"!

"Ham, Ham" is directed by Biggs Luna and stars Penelope Cruz, Javier Bardem and others. It tells the story of the complicated and chaotic love relationships between three pairs of men and women across two generations.
Nominated for the Golden Lion Award for Best Film!
Aaron saw it in the theater with Jennifer Connelly.

(End of this chapter)