Mediterranean Hegemony Road

Chapter 33, Dealing with the Greek Debt Crisis

It is easy to send people off the island. Except for Crete, which has a slightly larger population, most of the other islands have only a thousand or eight hundred people. One boat can handle it. More than 200 islands add up. Less than 100,000 people!

But the Greek peninsula is a problem, and even Ferdinand in the Peloponnese did not dare to act rashly. After all, there are hundreds of thousands of people on it?

If the movement is too big, it is estimated that the foreign powers will not agree. Who told the Greek government to owe a huge foreign debt? If everyone runs away, who will be responsible for paying the debt?

Unless the Bulgarian government can pay the entire foreign debt of the Greek government in one go!

Since Bulgaria took over Greece, the forces of the major powers also began to withdraw from the Greek peninsula, but the rights and interests of the powers must be guaranteed, which is a prerequisite for the withdrawal of the powers!

To put it simply, the debt of the Greek government has now fallen to Bulgaria, and the Bulgarian government has guaranteed their repayment ability!

Of course, this guarantee is limited, limited to the annual payment amount of the Greek government, which will not be lower than it is now, and will give priority to satisfying the major powers!

It's not that Bulgaria wants to ensure that the Greeks can pay off their loans immediately. After all, the Greeks' loans are basically due, and the Bulgarian government can't take out so much money at one time!

Therefore, the Greek government must exist. No matter what method is used, Ferdinand will let the Greek government bear it, and it is impossible to pay their debts for them!

Eighty-nine million pounds is not a small amount. It is equivalent to Bulgaria's fiscal revenue for one year, so it can only be carried by the Greeks!

Oh, this is also the measure of the foreign powers to limit Bulgaria's annexation of the Greek peninsula. After all, if you spend so much money at one time, the development of Bulgaria will also be interrupted. If you can interrupt the rapid development of Bulgaria, it will make a lot of money!

...

The problem now is that Ferdinand wants to pack the Greeks away. After all, the location of the Greek peninsula is very important to Bulgaria, and it is impossible for Ferdinand to give up!

Especially in the future, whoever puts several missile launchers on the upper part of the peninsula, then the whole of Bulgaria will be covered by firepower, and there will be no national defense security at all!

It is easy to annex the Greek peninsula, but difficult to assimilate the Greeks on the island! After all, Greece is also an ancient nation with thousands of years of cultural heritage. Unless Ferdinand kills 1,800,000 people, ethnic integration will be a dream!

It is very contradictory to have the Greeks get out of the way and the Greek government to repay its debts! Unless Bulgaria helps them relocate the country and find a good land, they still can't afford the debt!

This is obviously impossible. This kind of good place in this era has long been divided up by foreign powers. Even if Ferdinand has taken it himself, where can it be given to the Greeks?

Your Majesty, what about the Greek government's loan? Constantine asked in embarrassment

In fact, the Bulgarian government has been discussing this issue for a long time, but there has been no result!

After thinking about it, Ferdinand sneered and said, Let the Greek government declare default! We only promised to provide guarantees for the loans of foreign powers, but the bonds issued by the Greek government have nothing to do with us!

Oh, this is the most effective way Ferdinand can come up with! certainly,

Once this news is announced, the credit of the Greek government will be completely ruined!

But what does this have to do with him? Anyway, money owed to an individual and money owed to a consortium are not the same concept at all!

At least the consortium has a spokesperson in the government, can influence politics, and has the ability to collect debts! But ordinary people? They don't have the right to speak in this era!

Originally, international debt is a risk investment. Although the returns are high, it may be lost at any time!

Oh, in this way, it is the capitalists in Greece who have been pitted the most! The debts owed by government departments are not a small number, and it is not only in the eastern world, but also exists in the western world!

Like what is in arrears, paying part of the money for purchasing materials first, delaying the settlement for a few months, or the officials who go out to eat and drink for free, and write the IOUs after they are done, and the bonds issued by the Greek government, all of them are done. Abandoned!

As soon as this news came out, it is estimated that many interest groups in Greece will be crazy about it!

Hearing Ferdinand's words, Konstantin's face was overjoyed. In this way, the debt of the Greeks can be reduced by at least one third, which undoubtedly reduces the risk for the Bulgarian government!

As for the credibility of the government of the Greeks, and the interest groups whose interests have been compromised, what does it have to do with him? Shouldn't Bulgaria also take into account their feelings?

Ferdinand added: Oh, by the way, the Greek government can still cut expenses. After all, they have so much debt, if they don't work hard, how can they be paid off?

As the suzerain country, we are also obliged to help them pay off their debts as soon as possible! Their national defense and security will be borne by us first. This cost can be remembered first, and they will be paid back slowly when they have money!

In this way, in addition to the 500 men of the guard of George I, the Greek army should be disbanded!

In this way, it is possible to save 1.8 million pounds every year!

In addition, the government can also abolish some unnecessary departments. You can see that they are so financially difficult now. Non-essential departments such as the Ministry of Foreign Affairs, the Ministry of Education, and the Ministry of Agriculture can be abandoned for now!

Anyway, let's do it! As long as the institutions are not essential, they will be abolished first. The assets owned by the government can also be sold as soon as possible, cash can be obtained as soon as possible, and the debts can be paid off as soon as possible!

Oh, the foreign powers have been ruthless enough, and they have reduced the military expenditure of the Greeks to a very low point, only the expenditure of an infantry division in Bulgaria. Ferdinand is even more ruthless this time, and it is directly lost to them!

If it were not for the purpose of maintaining the sanctity of the monarchy and preserving the face of George I, it is estimated that Ferdinand would not have left the 500-strong bodyguard to the Greeks!

Constantine was a little stunned when he saw that Ferdinand said it so righteously and with a look of I'm all for your good!

However, Constantine is also a political veteran, and he quickly reacted. He is very clear that he has to rely on the Greek government to pay off its foreign debts, and he has to do this!

Even if the individual creditors choose to default on their debts, the Greek government's debt is still as high as 50 to 60 million pounds, and the Greek government's pre-war fiscal revenue is only about 4 million pounds. Excluding the government's daily expenses, even the interest is not enough!

Not to mention after the war, so much land was cut off by Bulgaria, and affected by the war, I was able to keep the financial income of 3 million pounds, thank God!

The unscrupulous Constantine suggested: Your Majesty, in addition to throttling expenditures, I think the most important thing is to help the Greek government open sources. The current tax system of the Greeks is too scattered, and we need to help them rectify it.

If they work hard, the financial income may be doubled!

This time, it was Ferdinand's turn to wonder. Given the current situation of the Greeks, can the fiscal revenue increase significantly? Are you sure you're not joking?

After thinking about it, Ferdinand resolutely rejected Constantine's proposal: No, if it is aggressive, the situation on the Greek peninsula will immediately fall into chaos. Originally, after the armistice treaty was signed, the Greek peninsula was somewhat unstable. We can't add fuel to the fire!

Constantine said with a smile: Your Majesty, the situation may not be so bad! Ordinary Greeks don't have much money, but there are also a lot of rich people in Greece!

If it's just targeting them, plus the suppression by our army, there won't be much trouble!

And we can adopt the joint system, one person commits a crime, and the whole family is exiled! If there is a major riot, we estimate that hundreds of thousands of people can be exiled!

After listening to Constantine's words, Ferdinand nodded. If it was only aimed at 1% of the people, it is estimated that most of the Greek people would still gloat at the misfortune!

After all, the bourgeoisie and landlord class of this era really have few good things. Under normal circumstances, the Greek people's hatred of them is still higher than that of Bulgaria!

After all, these people have been squeezing them all their lives, and the Bulgarian army, although they occupied Greece, neither robbed them nor collected their taxes!

Without pain, in the hearts of ordinary people, the hatred of national justice is really not so unforgettable!

Ferdinand thought for a while and said, Well, it's okay to collect taxes! But it must be done by the Greek government itself, we can't directly intervene, and the main thing is to take the opportunity to attack those who are hostile to us, and find people who can cooperate to support it!

It is even possible for the Greeks to restore the tax package system, divide the area, and directly contract the task of tax collection to the capitalists, who are the professionals in this regard!

At the same time, we must pay attention to the social dynamics of Greece, especially the supervision of public opinion. Any remarks that are unfavorable to us must be extinguished immediately!

All involved, all executed! And one person involved in the case, all relatives and friends who may be related, all exiled to Syria!

Also, once a large number of civilian bankruptcy occurs, immediately find a way to let them immigrate to the Syrian area!

Troubled times use heavy code!

Ferdinand has already thought of the tragic days of the Greek people in the future, because these policies are completely formulated to reduce the population on the Greek peninsula as much as possible and force them to immigrate to Syria!

Especially after the implementation of the tax package system, the capitalists can do anything for the benefit. It is estimated that a large number of Greek laborers will be added to the mines in Bulgaria in the future!

After thinking about it, Constantine said with a righteous face: Okay, Your Majesty! I have written all these down. When I come back, the cabinet will help the Greek government formulate a practical governance plan to help them get rid of the debt crisis as soon as possible!

Well, Ferdinand would like to say: everyone is their own, there is no need to continue acting!

Forgot all about, he is also acting!

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