Every huge loan cannot be settled in a few words. In addition to the exchange of political interests, it was accompanied by a series of risk assessments and detailed negotiations.
Commercial loans are different from pure policy loans.
Pure policy loans are completely covered by the government, and banks only lend on their behalf, and do not need to consider risks and returns at all; commercial loans are different, even if the government provides guarantees, it is limited to the principal part.
As for the specific benefits and risks, it is still up to the commercial bank to send someone to do the assessment. In theory, as long as the bank believes the risks outweigh the benefits, the loan falls through.
From this point of view, even if it agrees to the Vienna government to issue this loan, it is still unknown whether the Spanish government can finally get the loan.
Of course, things are not negotiable. Capital seeks profit, as long as the return is high enough, risk is no longer a problem.
Not being able to get the full support of the Vienna government and having to negotiate with the bankers, Junior was naturally very disappointed.
Based on his previous experience with bankers, Junior knew that this time he would not be able to bleed. Thinking of Spain's current financial situation, Junior is in a bad mood.
"It's hard to borrow money, and it's even harder to pay it back!"
If nothing else, the Kingdom of Spain will surpass the Confederate States of America and become the third largest debtor country in the world after the United States of America after the loan is received.
The Russians were, of course, ahead of them. It is also a skill to be able to owe huge debts these days, but who else does the tsarist government give up on me
Although the Vienna government also carried huge debts, the Holy Roman Empire was still a creditor country.
Just like a company, it owes money to upstream raw material suppliers, and at the same time, the accounts receivable of downstream dealers has not been collected.
The payment for goods should be included in the cost, and the accounts receivable should be included in the profit. Profit exceeds cost is profit, vice versa is loss.
Although the Vienna government owed more money to others, it couldn't bear to owe them more money. On a comprehensive basis, the creditor's rights are still greater than the debts.
Just look at the debts of the tsarist government next door, most of which were borrowed from here. In addition, there are a group of younger brothers who are also large accounts receivable.
No way, the bank also needs to assess the risk.
For example, in European countries that have declared bankruptcy, no commercial bank dares to lend them money, even if there is a guarantee.
Debt collection also takes time, and the default rate is nearly 100%, and no one is willing to do it!
In the end, only a compromise solution was adopted. The bank lent money to the Vienna government, and the Vienna government lent them money.
As a result, the Vienna government, which has been reducing its debt holdings, has not only not reduced its own debt, but has actually increased it a lot.
Originally, Junior also wanted to obtain this special loan. After all, the Vienna government took over the risk, and banks usually offered low interest on loans.
It's a pity that it's a good thing to think about. How could the Vienna government act as a scapegoat without offering enough benefits in exchange
Moreover, Spain is not out of collateral. Compared with the poor and white brothers, the Spanish government is relatively rich.
Whether it is the right to issue money, or colonies, or tariffs, or even territories, they can all be mortgaged.
If the Vienna government is not interested, it does not mean that no one is interested. In many people's minds, these are high-quality assets. As long as you sell to the right customers, you can reap the rewards.
This kind of "oil extraction" is still suitable for professionals. Bankers are definitely the most professional in this regard, bar none.
As for the risk of default, how can you not take risks if you want to make a fortune? As long as the Vienna government is willing to guarantee, the risk is within the controllable range.
…
"Have you checked it out?"
Junior asked.
Despite an initial agreement with the Vienna government on borrowing, he still did not give up the line of Jewish capital.
"Money" is never too much. Junior still wants to take out as many loans as possible, if possible.
After all, war is full of uncertainty, and until the last minute, no one can be sure what the final cost will be.
If there was no other way, the Ministry of War would not have proposed to recruit "French mercenaries" to fight. The military has no confidence in its own soldiers, and Junior is even less confident.
Just look at the Philippine War. Spain's most elite troops also have an absolute firepower advantage, even a group of Japanese natives can't handle it.
Although the Spanish army has an advantage in the exchange ratio, the performance of the French mercenaries after the comparison, that is, the goods are compared.
In fact, the problem of insufficient combat effectiveness of the Spanish government forces was exposed at a more critical period. If you go deeper, you can go all the way back to the last century, or the last century.
But now the problem is more serious. Everyone knows that the Spanish Army must be reformed, but now is war time, and the Spanish government simply does not know how to start.
Since their own army is not strong, it can only make up for it by "krypton gold". Without some money ready, Junior was really worried that he would run out of money again.
Minister Brad: "The time is too hasty, we just found out their identities on the surface. Whether they are secretly colluding with other forces is still uncertain.
You may not believe it when you say it, but the stories of these guys are organized into a legendary novel.
If I had to name it, I think it could be called The Struggle of Jewish Capitalists, or The Resilience of Jewish Capitalists.
According to the information we have found, the predecessors of these guys also have a glorious family history, and their fathers once dominated the largest financial consortium in Germany.
It was only because he was too greedy and wanted to extend his tentacles to politics, he secretly supported the Revolutionary Party during the Vienna Rebellion in 1848.
Afterwards, these financial consortiums were liquidated by the Vienna government. However, these people reacted fast enough, and when they saw that the momentum was not right, they ran away immediately.
People run away from the foundation and are gone. Either destroyed at the hands of rebels, or confiscated by the Vienna government. In short, after 1848, the power of Jewish capital in Austria was severely damaged.
After the storm, the lucky ones who escaped the disaster, with the capital transferred in advance, made a comeback again.
It's just that they were unlucky this time, just in time for the Vienna government's anti-corruption case. The Jewish capitalists involved in the case were taken care of by the Vienna government. Hundreds were hanged on the gallows and thousands were exiled overseas.
After the incident, the power of Jewish capital in Austrian financial circles was basically swept away and went into decline.
Although the Jewish consortium was destroyed, there were always a few fish that slipped through the net. The people who are in contact with us now are the descendants of the fish that slipped through the net, and now they are pushed to the bright side and become the talkers.
At present, it has only been found that it is related to Jewish capital in the German region. Originally, they had a very close relationship with Austrian Jewish capital, and the Vienna government's actions also harmed their interests.
Driven by interests, these people have always been the most opposed to rebuilding Shinra. It's just that the back arm can't bend the thigh, so I can only accept the reality.
After the Holy Roman Empire was established, in order to avoid being liquidated, these Jewish capitals also converged a lot.
On the one hand, reduce the sense of presence as much as possible; on the other hand, strengthen the establishment of personal connections and strive to make friends with the powerful.
Just do not know why, suddenly found us. "
Knowing that the financial control of the Vienna government is strict, it is not suitable for playing capital speculation. The fact that Jewish capital did not run away, but stayed in the Holy Roman Empire, can already explain a lot of problems.
Perhaps from the outside world, Jewish capital is one family, but in fact the competition between Jewish capital is equally fierce.
"Today you pit me, tomorrow I pit you" is the normal state of capital operation.
The so-called brotherhood only exists among ordinary people. Capital is the same all over the world, and the essence is that it is profit-seeking.
The market is not infinite, and no one welcomes competitors to join. Leaving the Holy Roman Empire is easy, but changing places doesn't mean having a good time.
The anti-Semitic movement is no joke. The unrelated outsiders are the fat sheep delivered to the door. Testing the wolf's will with a fat sheep is simply...
By comparison, the situation in the Holy Roman Empire was relatively good. Although the government is more lenient, the Vienna government abides by the rules!
Within the scope of the rules, although it is difficult to obtain huge profits, the victory lies in safety. You don't need to worry about being slapped when you wake up.
For ordinary Jewish people, the impact was even smaller. In addition to strict educational controls, no Jewish schools, and only public schools to study, a stable social environment is already their favorite.
However, compared with the turbulent life, these small flaws are not incomprehensible. After all, ordinary Jewish people are busy with three meals a day every day, and they simply don’t have time to take care of that much.
Against this background, although many Jewish immigrants have poured into the Holy Roman Empire in recent years, the concept of the Jewish nation has gradually been diluted.
The great integration of ethnic groups is in the interests of ordinary people, but it hurts the interests of Jewish capital.
Without the cover of these ordinary people, they are bright lights in the dark night, and they are the brightest cubs wherever they go.
Out of desperation, many Jewish capitals in Austria did not identify themselves as Jews, and played lurking.
So on the bright side, the Jewish capital in Austria has indeed declined, and now it depends on the Jewish consortium in North Germany to survive.
There wasn't a lot of content found, but the things on the bright side gave Bjuniol a headache.
Politics is cruel. From past experience, Junior knew that the simpler the background, the bigger the problem behind it.
Several Jewish capitalists who have been severely beaten by society, if they have no support, why would they dare to take such high-risk loans
"If we agree to their terms, when will the loan be released soonest?"
I don't know who is behind it, it doesn't matter, anyway, real money can't deceive people. As long as he can get the loan, Junior doesn't care who is manipulating behind the scenes.
"Calculation" is also based on strength. If it's just a few powerful people, Junior doesn't mind letting them know what social cruelty is.
Minister Bullard: "These people promised to start disbursing within a month of signing the contract and releasing it to the public.
They also put forward conditions, to send people to monitor the use of funds. To ensure that funds are not misappropriated, they release payments once a week.
The first loan is 1 million Aegis, and then the weekly loan amount is determined according to the actual situation. "
"something wrong!"
This was Junior's first reaction. Although it is an international practice to release funds in batches, it is too frequent to release funds once a week.
After wandering for a few steps indoors, Junior said slowly: "Promise them, but the first loan amount cannot be one million Aegis.
According to international practice, the amount of the first batch of loans should not be less than 10% of the total loan amount. And the loan time cannot be one month, but must be within one week. "
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