Chapter 1009： European Economic Summit

In order to calm the wave of revolution, stabilize the situation in Europe, 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 Union participated in the meeting, and Britain and France were all excluded from the invited list. No reason is needed, just don't want to take them to play.

At this time, when the European Economic Summit was held, countries were also forced to be helpless. After the outbreak of the economic crisis, everyone’s economy has been hit hard. The more developed the economy, the greater the impact.

Because of the lack of experience in dealing with the crisis, governments of various countries did not take timely action, so that the crisis has expanded and social conflicts have risen sharply.

After the high wave of revolution, in order to stabilize the domestic situation, governments of various countries have offered "relief law" one after another.

The effect of "Relief Dafa" is very obvious. After being able to barely fill up the stomach, the revolutionary party's momentum quickly withered. The only drawback is that it costs too much money.

Originally, there were many poor ghosts in the European Union. In the economic crisis, the fiscal revenues of governments of various countries have fallen sharply. At this time, money is still needed to "relief" the unemployed. This is a test for the finances of all countries.

Except for the five foreign countries of Shinra, the Netherlands, Montenegro, Armenia, and the Nordic Federation, one of the remaining countries is counted as one. It is either financially bankrupt or on the verge of bankruptcy.

Needless to say, Shinra has a solid family base and was the first to take countermeasures to stabilize the domestic real economy, and now it has passed the most dangerous time.

Montenegro and Amelia are both agricultural countries. If the handicraft industry is also regarded as an industry, their industry will probably account for five to six percent of the national economy. Such an economic structure is naturally not eligible to enjoy the economic crisis.

Although the Netherlands and the Nordic Federation did not participate in the European War, they were indeed the beneficiaries of the war. I just made a fortune from the war, and my wealth is not bad. The government can save a little bit in other areas by tightening the belt.

The rest is hard. The Tsarist government has never been rich. The war fortunes made in the European War were not enough to fill the holes of the Anglo-Russian War. Now it has suppressed several waves of domestic revolutions, and the treasury can run rats again.

Although Portugal was also a member of the colonial empire, because of the corruption within the government, the colonies that were supposed to create wealth became money-losing goods in their hands.

Everyone knows that once the bureaucrats lose their limits, 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, they were all victims of war, while Switzerland suffered from indigestion.

As for Greece, it is a country that can drive creditors crazy. Since their independence in 1832, they have had more than a dozen financial crises, and on average, they will have one every three to five years. Bankruptcy must be indispensable for them.

Of course, there are also reasons why the two major creditors, Britain and France, are too dark. If they are all as conscientious as Franz, the probability of financial bankruptcy is estimated to be much smaller.

Up to now, ten countries on the European continent, including Greece, Belgium, Switzerland, Portugal, Sardinia, etc., have declared bankruptcy. Also on the verge of bankruptcy are the Papal States, Spain, and Russia.

There is no doubt that this kind of large-scale collective bankruptcy is definitely abnormal. You must know that the Vienna government issued loans to everyone not long ago. No matter how difficult the finances of countries are, they will not collapse so quickly.

The truth does not need to be delved into, anyway, people with good history know it.

Since geopolitics determine the pro-Olympic stance of European countries, Britain, which is excluded, will naturally not put a hot face on a cold butt, and diplomatic relations will fade.

After the economic crisis broke out, European countries broke out fiscal crises one after another, and British bankers would naturally not let go of this opportunity to take advantage of the fire.

Greed makes people lose. It doesn't matter to take advantage of the fire and robbery. The key is that the bankers did not adjust their mentality in time and were still immersed in the glory of Britain.

With the birth of the European Union, Britain's right to speak on the European continent has been weakened to the lowest level in history. Of course, Britain is still arrogant, no one dared to pick his beard.

However, as the economic situation continues to deteriorate and the wave of revolution continues to rise, the cruel reality of lack of money in the pocket has overwhelmed everyone's fear of the British.

It is natural not to dare to repay the debt, but it is still daring to find an excuse to postpone the debt repayment. In any case, the British government does not give them low-interest loans. All they borrow from commercial banks are loans with usury. Now even if they want to repay it, they can’t afford it.

There has never been a lack 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, who was driven crazy by finances, did a cruel thing under the trend of hatred. First, they madly borrowed money from British banks, and immediately declared the government bankrupt after receiving the money, demanding 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 exactly how to do it. Anyway, the final result was to let them do it. Several Italian nations just fudged 30 million pounds from the British.

No wonder the six Italian states declared bankruptcy almost at the same time, clearly colluding in advance. Because he was not fat enough to hack the British money directly, he used bankruptcy as an excuse.

As for the other participant, the Papal State, it did not declare bankruptcy because they had a religious body.

As long as he can let go of his morals, the Pope can do a lot. "Bankruptcy" 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 of a rogue to do so, then use the most popular saying in the Middle Ages: "In the eyes of God, usury is the ugliest and most abominable crime."

If you are a devout believer in God, then the interest must be lowered. Faced with such unreasonable existence, it is estimated that most bankers will have a headache.

...

These are all brain supplements made by Franz based on the data in his hand. He doesn't have the time to care about how to do it.

In fact, the Italians have done a very good job of confidentiality. If it hadn't been for the British banker's troubles, Franz wouldn't know that there was such a magical operation.

Fortunately, these guys know how to measure and use bankruptcy as an excuse to demand debt restructuring. If you directly reckless, you are dead.

Not everyone is a teddy bear. If you want to repay your debts these days, you must first see if you can resist the beating. Otherwise, they will come to collect debts armed, then cry slowly!

Don't expect anyone to come forward with this kind of obviously wrong thing. Politics needs to be circuitous, and those who are directly rigid cannot get mixed up.

Regardless of the fact that there is no chaos in Italy, Vittorio Emanuele III is also very credited. Had he not taken the lead in getting a sum of money from the British, the situation would have been worse.

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 it can only be borrowed temporarily, and it will continue to be returned in the future, it will also relieve the urgent need.

In order to reduce fiscal expenditures, governments of various countries have put their ideas on their monthly debts and declared bankruptcy one by one like going to the market.

Not only the British bankers were scammed, but all the bankers who lent them money were scammed.

The government is bankrupt, and if you want them to continue to fulfill their debts, let's talk about debt restructuring! For these "bankrupt governments," it doesn't matter whether they talk about it or not.

The agreement means that the debt expenditure can be saved, and the payment can be postponed at the worst; if you don’t agree, continue to play dead. Anyway, you don’t owe money in a hurry. Even if you have collateral, there is no way to fulfill this situation.

Those who are bankrupt are shameless, and those who are not bankrupt are not much better. It's not that I don't want to go bankrupt, but I can't go bankrupt.

For example: Spain is now at war with the Japanese. What is it like when the government goes bankrupt? Isn't that a serious blow to our morale?

Another example: the Russian Empire, the Tsarist government has gone bankrupt several times in recent years, and has been blacklisted by capital early on. The biggest creditor now is Shinra. Borrowing is not a loan shark, and considering the relationship between the two countries, even if it is deliberately reckless, the Czarist government is not embarrassed!

All of them have learned to play rogues, and can't see the least of their morals, and Franz can only lament the moral corruption and the deteriorating world. If this continues, there will be no fun.

It has not just been reported that the Vienna government wants to create three million jobs to help the younger brothers solve the unemployment problem in the country, and they are all coming together.

The Holy Roman Empire is the boss of Europe, as the leader of the European world, patronizing his own little brother, it is really not the big picture.

If the continent of Europe is in chaos, can you, the boss, please? So to solve the problem, you can't be confined to one place. If you want to help, you must also help together. Only if everyone is good is really good.

We know from the European Economic Summit held in Vienna that Franz has been persuaded by everyone. Who makes him full of internationalism?

"How much money needs to be invested, has it been calculated?"

Franz asked.

The international spirit also needs money. Now is the era of the gold standard, and everyone can't even think about the "good times when you don't have money."

Even though Shinra is the world's largest gold producer, plus the world's largest economy, Franz dare not print tickets wantonly.

Prime Minister Carl shook his head: "The information provided by the governments of various countries and the information collected by the intelligence agencies have serious discrepancies. For the time being, it is still uncertain whether the intelligence agencies are collecting information unilaterally or whether the bureaucrats of various countries conceal the crisis.

In addition, there are many uncertain factors, such as: when will the Japanese-Western War end, whether the revolutionary wave will rise again, etc., these uncertain events may increase the cost of rescue.

According to the most optimistic estimate, at least 800 million funds must be raised to survive the economic crisis. Worse, it may cost 1.2 billion.

The construction of our circular railway plan and supporting facilities alone will cost 270 million Aegis. In addition to other small projects, the country needs about 400 million Aegis to stimulate the economy.

Although the noble lords pay for the three million jobs plan that has been established, the government still has to invest 120 million Aegis, mainly for policy subsidies, personnel training management, and travel expenses.

Financial loans..."

Hearing the Prime Minister's answer, Franz frowned even more. Appreciation is impossible. Franz knows best what the bureaucracy is, and deceiving the top and the bottom is only a basic operation.

If the official governance is okay, even if there is some concealment, it is within the controllable range; if the corruption is serious and the officialdom is corrupt, it will be over. They can not only conceal the crisis, but also create a bigger crisis artificially. "Officials press against the people." Most of the uprisings are due to these guys.

Unfortunately, there is such a corrupt empire in the European Union. Liangya is the first to bear the brunt. They plunder a large amount of wealth from the colonies every year. As a result, the domestic economy is still messed up. At a glance, I knew that it was the scene of the last year of the dynasty.

As for the Russian Empire, it is not there yet. After the reforms of Alexander II, the Russian empire in the era of Alexander III can survive.

In Franz's view, the biggest uncertain factor is not the Japanese-Spanish War that is thousands of miles away, but the two teeth that may break out of revolution at any time, and the hard-pressed and defeated France.

It is said that the existence of fried and fried, a Western Europe can change its color accidentally. So even though France did not participate in the economic summit, the Vienna government still reserved 100 million yuan in rescue funds for them.

Looking at each country individually, the funding gap is not too big, but there are so many members of the European Union, which together is an astronomical figure.

The purchasing power of Aegis this year is leveraged. The "1.2 billion Aegis" is equivalent to the sum of the two-year fiscal revenue of European countries during their peak period.

With such a large sum of money, everyone is under pressure. No way, who made the European continent just break out of a war?

Even if two years have passed, the major participating countries still have not emerged from the shadow of the war. Including the Vienna government, it is now unable to balance payments.

In a sense, this European Economic Summit was forced out by "money." Now that the capital market is deteriorating, governments of all countries are facing the difficulty of financing and have to turn to the Vienna government for help.

Similar to the original time and space, during the economic crisis, everyone has difficulty financing, but the US government’s national debt is still selling well. Even with the old and neurotic India, the US dollar is still strong in the capital market.

The current situation is similar. Shenluo can almost play the role of an American. Although 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, has naturally leveraged its credibility in the capital market.

For example, in the Russian capital market, the government bonds issued by the Vienna government sell better than those issued by the tsarist government. Even if the interest on the Shenluo national debt is one-third lower than that of the tsarist government, it still cannot stop the enthusiasm of the Russian people.

Had it not been for Britain, a maritime overlord, to be eyeing, Franz would be able to live a good life of "printing and printing". Times are different. It’s impossible to print like Lao Te, but it’s not too much to print an extra one or two billion, right?

In fact, Aegis had already started super hair. 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 8 million each year.

This little water will dry as soon as it is sprayed out in the sun. It is difficult for professionals to find out that the investment in the capital market will naturally not cause waves.