In order to quell the revolutionary wave, stabilize the European situation and revitalize the European economy, the European Union decided to hold the European Economic Summit in Vienna.
Strictly speaking, this can only be regarded as the European Union Economic Summit. Only members of the European Continental Union attended the meeting, and Britain and France were excluded from the invited list. I don't need a reason, I just don't want to play with them.
At this time, the European Economic Summit was held, and all countries were also forced to do so. After the outbreak of the economic crisis, everyone's economy has been hit hard. The more economically developed countries are, the greater the impact.
Because of the lack of experience in dealing with crises, governments of various countries did not take timely actions, so that the crisis expanded and social conflicts rose sharply.
After the high tide of the revolution, in order to stabilize the domestic situation, governments of various countries have resorted to "relief laws" one after another.
The effect of the "Relief Dafa" is very obvious. After being able to barely fill the stomach, the momentum of the revolutionary party will soon decline. The only disadvantage is that it is too expensive.
Originally, there were many poor people in the European Continental Union. In the economic crisis, the fiscal revenue of various governments has been greatly reduced. At this time, they have to take money to "relieve" the unemployed people, which is a test for the finances of all countries.
Except for Shinra, the Netherlands, Montenegro, Armenia, and the Nordic Federation, the remaining one counts as one, either financially bankrupt or on the verge of bankruptcy.
Needless to say, Shinra has a solid family and took the first countermeasures to stabilize the domestic real economy. Now the most dangerous time has passed.
Montenegro and Armeria are both agricultural countries. If handicrafts are also considered industries, their industries account for about five or six percent of the national economy. Such an economic structure is naturally ineligible to enjoy the economic crisis.
Although the Netherlands and the Nordic Commonwealth did not participate in the continental war, they were indeed the beneficiaries of the war. Just made a sum of money from the war, and his family is not bad, the government can save a little in other areas, just tighten the belt.
The rest is hard work. The tsarist government has never been rich, and the war money from the European War was not enough to fill the holes in the Anglo-Russian War. Now that several waves of revolutions in the country have been suppressed, the treasury is running again.
Although Portugal is also a member of the colonial empire, because of the corruption within the government, the colonies that were supposed to create wealth have turned into losers in their hands.
Everyone knows that once the bureaucracy loses its restraints, no amount of fiscal revenue will be enough for them to squander, so it is not surprising that the Portuguese government goes bankrupt.
As for the seven states of Spain, Belgium and Italy, all of them suffered from war, while Switzerland suffered from indigestion.
As for Greece, it's a country that drives creditors crazy. Since independence in 1832, they have all experienced financial crises more than a dozen times, on average every three to five years, and they must go bankrupt.
Of course, there is also the reason that the two major creditors of Britain and France are too dark. If they are as conscientious as Franz, the probability of financial bankruptcy is estimated to be much smaller.
So far, ten countries on the European continent, including Greece, Belgium, Switzerland, Portugal, Sardinia… have declared bankruptcy. Also on the brink of bankruptcy are the Papal States, Spain, and Russia.
There is no doubt that such large-scale collective bankruptcy must be abnormal. You must know that the Vienna government only issued loans to everyone not long ago. No matter how difficult the finances of various countries are, they will not collapse so quickly.
There is no need to delve into the truth, anyway, people with good history know it.
Since geopolitics has determined the pro-Austria stance of European countries, Britain, which has been excluded, will naturally not put a hot face on a cold butt, and diplomatic relations will fade.
After the outbreak of the economic crisis, financial crises broke out in various European countries one after another, and the British bankers naturally would not miss this opportunity to take advantage of the situation.
Greed is the one that gets lost. It doesn't matter if you take advantage of the fire, the key is that in the face of interests, the bankers did not adjust their mentality in time, and they were still immersed in the glory of Britain.
With the birth of the Continental Union, Britain's right to speak on the European continent has been weakened to an all-time low. Of course, Britannia is still so awesome, and no one dares to touch his beard.
However, as the economic situation continues to deteriorate, the revolutionary wave continues to rise, and the cruel reality of lack of money in the pocket has overwhelmed everyone's fear of the British.
Naturally, I don’t dare to default on my debts, but I still dare to make excuses to delay repayment of debts. Anyway, the British government doesn't give them low-interest loans. All loans from commercial banks are high-interest loans, and now they can't even repay them even if they want to.
There has never been a shortage of warriors in this world. Perhaps it was the life under house arrest in London, or the thrilling escape route, which left a shadow on Vittorio Emanuele III.
Vittorio Emanuele III, driven mad by finances, did a cruel thing under the trend of hatred. First, he madly borrowed from British banks. After getting the money, he declared the government bankruptcy and demanded debt restructuring.
In order to share the pressure, Vittorio Emanuele III not only did it himself, but also encouraged neighboring countries to do it together.
Franz didn't know how it worked. Anyway, the final result was that they did it, and several Italian states just flicked 30 million pounds from the British.
No wonder the six Italian states declared bankruptcy at almost the same time, clearly colluding in advance. Because the guts are not fat enough to directly hack the British people's money, they use bankruptcy as an excuse.
As for the other participant, the Papal States, it did not declare bankruptcy because they had religious guardians.
As long as he can let go of his integrity, the Pope can do a lot of things. "Going bankrupt" is too shameless. As a servant of God, everything belongs to God, so servant debt can also be regarded as God's debt.
It's a bit rascal to do so, to paraphrase the most popular saying in the Middle Ages: "Usury is the ugliest and most abominable crime in the sight of God."
If you are a devout believer of God, you must bring down the interest. Faced with this unreasonable existence, it is estimated that most bankers will have a headache.
…
These are all brain supplements Franz made based on the information in his hands. He has no time to care about how to operate them.
In fact, the Italians do a very good job of keeping them secret. If it weren't for the British bankers who made trouble later, Franz would not have known that there was such a divine operation.
Luckily, these guys know what to do and use bankruptcy as an excuse to ask for debt restructuring. If you directly default on your account, you are dying.
Not everyone is a bear. If you want to default on your debts these days, you must first see if you can resist beatings. Otherwise, people will come armed to collect debts, then cry slowly by yourself!
Don't expect anyone to come forward with such an obviously wrong thing. Politics needs to be roundabout, and the master who directly takes a hard line will not be able to get along.
In any case, there is no chaos in the Italian region, and Vittorio Emanuele III is also a great contributor. The situation would have been much worse if he hadn't spearheaded a fortune from the British.
If someone takes the lead, there is no fear that no one will respond. Now everyone is short of money, and saving a fortune is a fortune. Even if you can only borrow temporarily and continue to return it in the future, it will also solve the urgent need.
In order to reduce fiscal expenditure, governments of various countries have put their minds on the debts they repay each month, and they have declared bankruptcy one by one as if they were going to the market.
Not only the British bankers were scammed, but all the bankers who lent money to them were scammed.
People's governments are bankrupt, and if they want them to continue to pay their debts, let's talk about debt restructuring! For these "bankrupt governments," it doesn't matter if they can get along or not.
If the agreement is reached, it means that the debt expenditure can be saved, and the payment can be postponed at the worst;
Those who are bankrupt are lying, and those who are not bankrupt are not much better. It's not that you don't want to go bankrupt, it's that you can't go bankrupt.
For example: Spain is now at war with the Japanese. What if the government goes bankrupt? Isn't that hurting our morale
Another example: the Russian Empire, the tsarist government has gone bankrupt several times in recent years, and has been on the blacklist of capital early on, and now the biggest creditor is Shinra. Borrowing is not usury, and considering the relationship between the two countries, even if it is willing to default, the tsarist government will be embarrassed!
Everyone has learned to be a rogue, and they can't see the slightest bit of morals. Franz can only sigh that the morals are corrupt and the world is declining. If it goes on like this, then there is no need to play.
Not only did it come out that the Vienna government wanted to create 3 million jobs to help the younger brothers solve the unemployment problem in China, they all came together one by one.
The Holy Roman Empire is the boss of the European continent. As the leader of the European world, patronizing its own younger brother, it is really not a big picture.
If the European continent is in chaos, will your boss be able to get it right? Therefore, to solve the problem, it cannot be limited to one place. If you want to help, you must help together. Only when everyone is good is really good.
From the European Economic Summit held in Vienna, we know that Franz has been persuaded by everyone. Who made him full of internationalism
"How much money needs to be invested, have you calculated it?"
Franz asked.
International spirit also needs financial support. Now is the age of the gold standard, and everyone dares not even think about the "good time to release water without money".
Even though Shinra is the world's largest gold producer and the world's largest economy, Franz would not dare to print money recklessly.
Prime Minister Carr shook his head: "There is a serious discrepancy between the information provided by the governments of various countries and the information collected by the intelligence agencies. For the time being, it is uncertain whether the intelligence agencies collected data one-sidedly or whether the bureaucrats of various countries concealed the crisis.
In addition, there are many uncertain factors, such as when the Spanish-Japanese war will end, whether the revolutionary wave will rise again, etc. These uncertain events may increase the cost of rescue.
According to the most optimistic estimates, at least 800 million must be raised to survive this economic crisis. At worst, it could cost 1.2 billion.
We need to spend 270 million Aegis for our ring railway plan and the construction of supporting facilities alone, plus other small projects, about 400 million Aegis is needed in China to stimulate the economy.
The 3 million jobs plan that has been established, although noble lords pay the bill, the government still has to invest 120 million Aegis, mainly for policy subsidies, personnel training management, travel expenses and other expenses.
Financial Loans…”
After listening to the Prime Minister's answer, Franz's brows furrowed even tighter. It is impossible to be impressive. Franz knows exactly what a bureaucrat is. Deception is only a basic operation.
If the official governance is clear and bright, even if there is a concealment, it is within the controllable range; if the corruption is serious and the officialdom is corrupt, then it will be a complete idiot. They can not only conceal the crisis, but also artificially create a bigger crisis, commonly known as "Officials force the people to rebel". Most of the uprisings are due to these guys.
It is a pity that such corrupt empires exist in the Continental Union. Liangya is the first to bear the brunt, plundering a lot of wealth from the colonies every year, and the domestic economy is still messed up. At a glance, you can tell that it is the scene of the last years of the dynasty.
As for the Russian Empire, it's not there yet. After the reforms of Alexander II, the Russian Empire in the era of Alexander III survived.
In Franz's view, the biggest uncertainty is not the war between Japan and Spain, which is thousands of miles away, but the two teeth that may break out at any time, and the hard-pressed defeated country France.
It is said that the existence of fried is fried, and Western Europe can change its color if you are not careful. So although France did not participate in the economic summit, the Vienna government still set aside 100 million yuan for them to save the market.
Looking at each country alone, the funding gap is not that big, but there are so many member states of the European Union, which add up to an astronomical sum.
The purchasing power of the Aegis in this year is leveraged, and the "1.2 billion Aegis" is equivalent to the sum of the two-year fiscal revenue of European countries at their peak.
With such a large sum of money, it is stressful for anyone to put it on. No way, who made a big war just broke out on the European continent
Even after two years have passed, the major warring countries still have not come out of the shadow of the war. Including the Vienna government, is now unable to break even.
In a sense, this European Continental Economic Summit was forced out by "money". Now the capital market is deteriorating, and governments of various countries are facing difficulties in financing and have to turn to the Vienna government for help.
Similar to the original time and space, it is difficult for everyone to raise funds during the economic crisis, but the US government bonds are still easy to sell. Even with Lao Te's neurotic Yin Yin Yin, the U.S. dollar is still strong in the capital market.
The situation is similar now. Shinra can almost play the role of an American. Although it is not the only world hegemon, "Aegis" has become the main settlement currency of European countries alongside "gold".
In this context, the Vienna government, which has a strong family background and a lot of collateral, naturally has a leveraged reputation in the capital market.
For example, in the Russian capital market, the government bonds issued by the Vienna government are better than those issued by the Tsarist government. Even if the interest on Shinra's national debt is one-third lower than that of the Tsarist government, it still cannot stop the enthusiasm of the Russian people.
If it hadn't been for Britain, an ocean overlord, who was staring at him, Franz would have been able to live a good life of "yinyinyin". Times are different, it is impossible to print like Lao Te, but it is not too much to print more than 100 million or 200 million, right
In fact, Aegis has already started to overshoot. It's just that I don't dare to add hundreds of millions at a time, but it is still necessary to print more than eight million children every year.
This little water, sprinkled out and dried in the sun. It is difficult for professionals to find out, and putting it into the capital market will naturally fail to stir up waves.