Chapter 1017: A Poisonous Tumor

  Chapter 997 – Poisonous Tumor

As the news of another revolution in Paris spread, the entire European world was dumbfounded. First the Revolutionary Party revolutionized the life of the Bonaparte Dynasty, then the radical faction of the Revolutionary Party revolutionized the life of the Revolutionary Party government, and now I don’t know what party is revolutionizing the life of the radical government again.

If you count the royalist coalition outside the city, France has the best of all worlds in this era. It’s hard to write a news report, let alone the average person eating it.

While the general public can watch the fun, the politicians have their hands full. The situation is in chaos to this point, this year’s war reparations is certainly not to think about.

No matter which government comes to power, it will not be able to change the money for a while. The countries that were counting on the French reparations to subsidize their families are now completely out of luck.

In the Vienna Palace, Franz, who had just reached a compromise with Belgium, was now troubled and happy. There is no way, recently come to borrow money more and more people.

If it is an ordinary commercial city loan, that simple direct help to introduce the bank on the line. As long as they can afford to pay interest and have enough collateral, the financial system of the Holy Roman Empire will be able to help them complete the financing.

With the defeat of France, after Paris fell into decline, the financial center on the European continent became Vienna – Frankfurt two strong side by side.

Finance also needs to be linked to politics. After the end of the Continental War, Britain and Austria conducted a secret negotiation on the international situation and post-war reconstruction.

The result was self-evident. Just look at the organizational structure of the Continental Union and you will see that if the two sides had come to an agreement, Britain would not have been excluded from the Union.

There is no doubt that it was a lose-lose situation. Being excluded from the circle of Britain, in the European continent’s voice has fallen to the lowest point in nearly two hundred years. Apart from having a little influence over the maritime nations, the continental nations were now not buying their argument.

The Holy Roman Empire had won politically, but economically it had been dealt a blow. Not only did the plan to raise money in London go bust, even the Sacred Shield was subjected to a run on it, and at one point the value of the currency plummeted five points.

It was not Franz’s style to take a beating and not fight back. The British run on the Shield, the Vienna government launched a tit-for-tat attack on the pound.

Both were on the gold standard, and then an interesting scene unfolded. On one side, they took the SHIELD to exchange gold from Shenla to ship it back to the British Isles, and on the other side, they took the pound to cash out the gold from Britain to ship it back to Shenla.

Both are gold reserve big country, back and forth tossed many times, the melon masses are to see dizzy, finally still who can not help who.

Of course, this is on the surface, in fact, the Vienna government still suffered a loss. Financing plan failed, and to stabilize the value of the Shendian currency, the government can only tighten their belts to live.

As a result, the progress of post-war reconstruction of Lorraine, Alsace and other areas has been affected. The boss is not doing well, and the days of the little brothers are even worse.

Of course, it was not impossible to finance. Although the British government looks at everyone with displeasure, the British consortium still welcomes the God of Wealth. It’s just that the interest rate is a billion points higher than normal.

Sensei whether other countries could accept it or not, anyway, the Vienna government preferred to tighten its belt, but did not go to borrow from the British usury.

The hard times are all temporary. Capital seeks profit, and no one is willing to give up the big cake of European reconstruction. Even if the British Government did not support it, it could not stop the capitalists’ determination to make money.

Especially from the original continental inflow of funds in the London market, the first began to flow back to the European continent, through the Vienna and Frankfurt two financial markets transit, into the post-war reconstruction projects.

Although the money was available, not everyone was able to borrow it. In a sense, in the capital market, countries and individuals are “the strong are always strong, the weaker the weaker”.

The richer the country, the easier it is to borrow money; the less rich the country, the more difficult it is to raise capital.

The strong Vienna government is naturally the quality of the capital market customers, penniless Belgium, Sardinia, Lucca, Tuscany and other countries on the tragedy of their own credibility is not enough, but also can not get enough collateral, financing is in trouble.

One or two Franz is happy to show the big brother’s temperament, but now swarming to borrow money, Franz has a headache.

In fact, this is not the first time that countries have borrowed money. From the beginning of the war against France, this group of little brothers is basically the Vienna government to pay to support.

Not counting do not know, once counted a shock. This bunch of bean small countries are all billionaires, with their economic situation, repayment and so on the next century!

If that’s all it is, it’s not unacceptable. There is a political bonanza, and a little longer capital payback isn’t a big deal.

The key is that developing the economy needs direction, and post-war reconstruction is not just about having money. Although Belgium suffered heavy losses, but their industrial base is still there, as long as there are funds will soon be able to recover.

This Italian state is really a tragedy, no resources to resources, no industry to industry, even if the development of agriculture that is also the existence of the hanged, the most critical is the land is limited to feed so many people.

Originally followed the French when mixing, in addition to a small number of handicrafts, they mainly act as a commodity sales market, and the role of labor export.

With the collapse of the French Empire, this fragile industrial chain also collapsed. The Holy Roman Empire only needed a market for the sale of goods, but not this labor force.

No matter how cheap it was, it was useless, the current economic development hadn’t reached that point yet, and there were only a limited number of jobs that could be created in society, so letting these people in was just asking for trouble.

The only option left for them is to use cheap labor to develop labor-intensive industries with no technical content, thus driving domestic economic development.

The problem is that Franz knows that it is useless, to understand the rulers of the countries themselves, in order to combine their own actual situation, to formulate a reasonable economic development policy.

However, the world’s largest number of people is the lack of self-knowledge. None of the seven Italian states were on the right track.

One by one, the low-eyed guys, who think they are too smart, have followed the trend of the times, and come up to play with high technology such as electric and internal combustion engines, and even the top projects such as airplanes and battleships, some people dared to set up their own projects.

Well, this is Franz pot. The Vienna government early to science and technology as a national policy, has now become a social consensus, and even the little brothers have been affected.

Can’t say it’s wrong, the problem is that the development of science and technology also needs an industrial base. The foundation is not even there, the first up to rub the cutting edge, that is going to fall dead.

It’s not easy to borrow money, and it’s wasted by these guys with low eyes. And the Vienna government intends to eliminate backward production capacity, the first to jump out to take over is actually the best industrial base of Belgium.

The little brothers do not save, the boss naturally have a headache. Whose money is not wind-blown, according to their tossing method, no billions of dollars simply can not see the results.

There is so much money, stay in the development of their own bad? Who the hell is brain-dead, to lend out the water.

Advice is not always effective. Franz does not think that he reminds, can wake up this group of lack of social beatings, persuade everyone to return to the right path of this kind of effort is not pleasing to the thing, he naturally will not do.

……

Franz: “How much of an impact would it have if we refused to give them a loan?”

Foreign Minister Weissenberg: “Diplomatic impact is not great, the end of the French civil war is imminent, the situation on the continent is basically considered to be stabilized, a little storm can not affect the international situation.

With the current situation of Sardinia, Lucca, Modena, Parma, Tuscany, the Papal States, and the Two Sicilies, it is reasonable to refuse to give them loans.”

There’s no one who says that the boss has to support the little brother. It’s not like the government in Vienna took anything from the countries, instead it helped them gain independence and provided large sums of financial aid, it did more than enough.

Anyone who felt that they didn’t know enough and wanted to get what they wanted would have to ask the iron fist of the Empire if it would say yes or no.

It’s easy to jump on the bandwagon, just ask which country dares to take them in. The current situation in Europe is very clear, that is, the Holy Roman Empire is a dominant one, and to reach inside, we must be prepared to be chopped off the claws.

Economy Minister Reinhardt: “The economic problems are very great. As a matter of fact, the market supply and demand of the capitalist economy has been in trouble for a long time, only that the continental war has delayed the crisis.

The current market boom is just a huge bubble built on the dividends of the war, and any problem anywhere could lead to the bubble being burst.

Without the loan support, the Italian region’s economy would soon collapse. It is likely to be the trigger for a crisis that will ignite the economic crisis that is brewing.”

No one anticipates an economic crisis, that’s impossible. In fact, every economic crisis is preceded by sign signals. The first reaction of those in the know is not to warn of a crisis, but to preemptively make a retreat.

In fact, it is useless to issue early warnings. The market is always in need of a receiver, and the bursting of the bubble will certainly bury a large group of people, and what can be changed is only who the buried people are.

The Great Depression after the Great War is itself a natural law of the economy. Now there is no outbreak of the Great Depression, mainly because the economy of the Holy Roman Empire supported it.

However, this propping up comes with risks. Like a tumor on a person’s body, the longer it is left behind, the more damage it will bring.

There was no way around it, some things had to be carried to death. Having just become the hegemon of Europe, the Vienna government also needed time to consolidate its position.

It so happened that a dark war broke out with the British, if the economic crisis breaks out at this time, the Holy Roman Empire’s hard to fight out of the hegemony of the prestige, will be diluted.

Perhaps sensing the danger, the Gladstone government wants to retreat, do not want to detonate the crisis in the last time of his term of office, after a wave of tentative, and then decisively closed his hand.

After hesitating for a few moments, Franz slowly said: “It’s just that! Sooner or later will come to this point, there is no need to hold on.

Tell the governments, if they want to get a loan, come up with a sound economic development plan to convince the banks that we don’t have the ability to continue to provide guarantees for them.”

Frankly speaking, Franz was the last person who wanted an economic crisis to break out. As the world’s largest economy, the Holy Roman Empire alone accounted for half of the capitalist world economy.

Once an economic crisis broke out, the Holy Roman Empire would certainly suffer the heaviest losses. On the contrary, the economically backward feudal and agricultural countries will be relatively less affected.

But there is no way to rely on the power of the government to delay the outbreak of the crisis, there is also a certain limit. No one knows when this tumor will be detonated, rather than waiting for others to detonate, it is better to take the initiative to poke and prod, but also be able to grasp a certain degree of initiative.

As for the diversion of the crisis, naturally, it is necessary to do. The problem is that this time is different from the past, the Holy Roman Empire’s economic volume is so large, even if the transfer is carried out, there is no one who can catch it.

As the aftermath of the continental war, it should have erupted at the beginning of the end of the war. It is not easy to delay until now.

Even though the government has intervened in the economy many times administratively, a crisis is still a crisis and will not dissipate with a few administrative orders. In short, this bitter fruit Franz had to swallow.

The only difference was that this time it wasn’t just overcapacity, but the uneven development of various industries. It was mainly due to the war that the military-related industries were overdeveloped.

A free market elimination is an economic crisis, and smart people have long since made enough money to retreat from related fields. Now the remaining receivers are still dreaming of getting rich, one by one, they all fantasize about the French civil war or the expansion of the war between Japan and the West.

I don’t know whether I can get rich or not, anyway, the war is impossible to expand. Neither London, nor Vienna is ready for war.

War is not a child’s play, unless it is cornered, otherwise there is no certainty, who would be stupid and a big country to go to war ah?

Britain and Austria do not directly turn the other cheek, the proxy war and then how to fight, the scale is not big enough to go anywhere. To be able to help clean up the stockpile is not easy, want to send war money home to sleep!

……

Foreign Minister Weissenberg: “Your Majesty, although the war between Japan and the West is still in a state of anxiety, but judging from the current situation, the hope of the Spanish winning is already very slim.

According to the information passed on by the Governor of the South Seas, from the outbreak of the war to the present, the Spanish Expeditionary Force has lost 27,000 men in action, including 3,400 naval personnel; while the Japanese Army has lost 39,000 men in action, including more than 5,700 naval officers and men.

The Spaniards had the advantage in the exchange ratio, but this advantage was not significant. The Japanese had the advantage of the ground, and their armies were replenished much more rapidly.

If there are no major changes on the battlefield and it continues to be so exhausting, it is only a matter of time before Spain is defeated.”

The exchange ratio was dominant, not because the Spanish army was more capable of fighting, but mainly because of the gap in weaponry. If the technology gap on both sides’ warships was ten years, then the gap in the army’s weaponry was an era.

Being able to fight nearly 1.4:1 with a gap of an era behind in weaponry, Franz was somewhat skeptical that the Japanese were not open.

The Spaniards also did their homework, the European Union early on the Japanese implemented a material embargo, even if someone smuggled into the hands of the Japanese army weapons and equipment will not be too much.

This point Franz has the right to speak, the Holy Roman Empire’s navy but often in the Suez Canal, the Strait of Malacca and other major sea traffic checkpoints, smuggling of arms ship halfway on the cool almost.

Even if you can still get equipment from the British, but this year’s king of the army equipment is still to look at the Holy Roman Empire, followed by France, the lobster soldier’s weaponry is really not good.

(End of chapter)