Mediterranean Hegemony Road
Chapter 122, the cake is divided
The Russian Empire disintegrated, the behemoth that had trembled the European continent for more than two centuries, vanished, and the whole world rejoiced.
Even the Russians are celebrating, finally no more wars! If we continue to fight, it is estimated that the Russian Empire will be wiped out.
The newly independent country was eager to seek the recognition of the international community as soon as the regime was established, and Britain and France took advantage of this opportunity, which made Ferdinand depressed.
No way, in this era of influence, the UK and France are more powerful, they are well run, and finance is their strong point, and they are more professional in lending usury.
In three or five times, the leaders of these countries were fooled into confusion, and then they accepted their loans.
Bulgaria is a step behind in this regard. When the domestic banks react, they have already signed the contract.
Although it is an invalid contract, Britain and France can go back on it at any time, but these countries dare not go back on it?
In this regard, Ferdinand is powerless. Before the League of Nations meeting, everyone signed the loan contract. Bulgaria can't follow suit, right?
However, after seeing that Britain and France loaned to the Soviet Union, Ferdinand laughed and finally jumped into the pit.
You must know that before the split of the Russian Empire, there was still a huge debt, and now the West Russia family can’t be repaid, right?
If this is the case, Nicholas II can declare bankruptcy. Anyway, the current wealth of Western Russia cannot be repaid.
Don't look at the money Nicholas II still has in his hands, but it is impossible for him to use this money to pay off foreign debts. Although the war is over, does the domestic mess still need money?
Besides, the money in his hand is not enough to repay the foreign debt? After relocating the gang of soldiers who were about to retire in the country and paying part of the war pension, he was poor.
Before the split of the Russian Empire, the government of Nicholas II basically repaid the interest on schedule. In addition to deducting from the war reparations, Nicholas II still had to pay nearly 10 million pounds of interest to Britain and France every year.
This is still based on the existence of a large number of low-interest and interest-free loans in the foreign debt. Otherwise, the huge debt of 2.3 billion pounds will not be able to pay the interest alone.
In addition to the three debt giants of Britain and France, almost all European countries are creditors of the Russian Empire. Among them, the French account for nearly half of the debt, followed by Bulgaria, which ranks second with nearly 600 million pounds, and the British Empire ranks third with more than 400 million pounds.
What to do with this debt? It was not brought up at the League of Nations meeting, perhaps it was forgotten, or everyone had their own plans.
In short, it is impossible to let them go!
Bulgaria's loan is not bad, at least the largest loan, the Russians used Ukraine as a mortgage, in case the government of Nicholas II fails to pay the debt, with this collateral here, Ferdinand is not worried.
Ferdinand doesn't care about what Britain and France think, anyway, their government would not dare to forgive their debts, otherwise these capitalists would be able to eat them raw!
Debt apportionment will be a topic of debate for the governments of the nine countries.
As far as Ferdinand knew, the loans from Britain and France to the Russians also had a time limit, and many loans were about to expire.
If it cannot be dealt with on time, I wonder if the British and French governments will be able to deal with the protesters. Historically, because of the Russian debt problem, the British and French governments have both been deceived.
Because the Russian government could not repay the loan on time, the financial crisis of the London government broke out. Prime Minister Lloyd-George was forced to sell his title and then ousted by the people.
The French government does not know how many cabinets it has let go!
In a word, these money are lent by financial institutions, but it is the people of the two countries who pay for it. If they fail to receive the money, these financial institutions will of course go bankrupt.
It is impossible for the consortium to use its own money to lend, and all losses are borne by themselves, right?
Such consortia may exist, but they are definitely a minority.
Most of the consortiums have a bunch of financial companies, and when they issue loans, they have to raise money.
The issuance of interest-free loans and low-interest loans all have political conditions attached, allowing the consortium to earn back the lost interest from elsewhere, otherwise the interest can only be paid by the government.
They will not take full responsibility. Once a huge loan cannot be recovered, they will also appear as victims and bankrupt these financing companies.
Under normal circumstances, these financial companies or banks are all listed companies, and they have nothing to do with them after bankruptcy and liquidation. All the pressure must be borne by the government.
Of course, this is just a huge loan. If it is only a loss of thousands of eight million, people can still withstand it.
This is also one of the reasons why after the First World War, the French economy was hit hard, and more than one billion pounds were said to be gone.
I don’t know how many financial institutions have gone bankrupt because of this, let alone how many people have been implicated and become impoverished, and the domestic economy will naturally be greatly affected.
Had it not been that Bulgaria had almost monopolized the Russian market, would Ferdinand have spent so much money on the Caucasus?
Obviously impossible, unless he wants to devalue the lev further, where does the Bulgarian government get so much money?
In the end, the Bulgarian government wrote Nicholas II a huge cheque and the deal was done.
Then, between the hands, weapons, ammunition, and military supplies halved the face value of the check, and then a large number of industrial products poured into the Russian Empire.
In fact, Nicholas II did not have much cash in hand. After he got the loan, he turned the money into goods in Bulgaria, and the cash he got back was not so scary.
The Bulgarian government, through this round of commodity circulation, will return 20 to 30 percent of the tax revenue.
The money circulated in Bulgarian business circles for another four or five rounds, and the Bulgarian government closed all the accounts through taxation.
In fact, the cash that the Bulgarian government took out was the last part of the money that Nicholas II took away, and the rest was just rolled in the bank account.
This is also the reason why many international loans stipulate that the money must be used in the country!
Your Majesty, the Eastern Russian Empire, the Soviet Republic, the Grand Duchy of Finland... sent us invitations, inviting us to send representatives to attend their founding ceremony! Metev said with a smile
Well, so fast? Not to mention Eastern Russia and the Soviet Union, other countries have elected the king? Ferdinand asked in surprise
Not yet. At present, the thrones of their countries are collectively vacant, and the government is still in chaos. It is difficult to achieve results in the short term! Metev replied.
In other words, they plan to elect a king in the near future? Ferdinand asked with concern
Yes, Your Majesty! Metev replied
Let me inform the former Montenegrin royal family that their opportunity is here. If you don't hurry up, if you miss this village, you won't have this store! Ferdinand thought for a while and said.
At the beginning, in order to legally unify the Balkans, Ferdinand bought the Montenegrin royal family and the Romanian royal family, bought two crowns directly, and merged the two kingdoms with Bulgaria.
The deal with the Romanian royal family has been completed, Ferdinand put them on the throne of East Prussia, and everyone is cleared.
But the Montenegrin royal family is different, and they have never seen an opportunity to deal with them, and then they are bachelors enough to send people to the Bulgarian government to receive the royal annuity every year.
With an annual expenditure of more than 100,000 pounds, it is naturally impossible for Ferdinand to default on his debts, and after more than ten years, they have not seen any movement from them.
Ferdinand wondered if they were going to use Bulgaria as a long-term meal ticket. After all, there was nothing to do for such a job, and it was hard to find a job that only paid for it!
If the currency value is exchanged, how can they still have an annual salary of hundreds of millions of people, and there is no such a high-paying career anymore. Is there any company that can so arrogantly offer employees one ton of gold a year?
Such days are more nourishing than when they were the royal family in the Kingdom of Montenegro. The Kingdom of Montenegro has limited finances, so the royal annuity is naturally a tragedy. Whether it can get the money or not depends on the year.
Ferdinand understood them. For the title of father-in-law in Europe, Nicholas I's bottom line has long been empty. If he doesn't deal with Bulgaria, he will be forced into debt by bankers.
After so many years, he not only paid off his debts, but also had savings, so he knew why they didn't move.
Your Majesty, which country do you think is suitable for them to fight for the throne? Metev thought for a while and said
This sentence is very clever. Everyone knows that the Gotha family is the king's professional family. Even if the former Montenegrin royal family wants to fight, they must first give way.
After all, this generation of the Bulgarian royal family has a high output, and there are five empty princes behind it?
Metev's political savvy has also passed the test. He knows that on this issue, he must not make mistakes, otherwise the consequences will be very serious!
This is indeed a problem. Senia intends to make the second child the Grand Duke of Finland, Nicholas II intends to make his younger brother the king of Belarus, the Orleans family is eyeing the Polish throne, and they also plan to make two Polish Kingdoms merged.
In this way, only the three Baltic countries are left. Let them figure it out for themselves. The countries in Central America also have a chance. If they miss it this time, don't blame us for not being trustworthy! Ferdinand said slowly.
Yes, Your Majesty! Metev replied nervously
Fortunately, I asked clearly, this has been decided by default, if there is a collision, it will be a big trouble.
Sure enough, the so-called King Minyuan is all nonsense!
If a king who satisfies the great people cannot be elected, then the country may have a tragedy in the future.
In this election for the throne, the Western Russian Empire has the most discourse power.
Although these small countries are considered to be independent by the League of Nations, these are only independent in terms of civil rights. It is also possible to change a group of people to form this country.
At least in the newly formed country, the original insurgent army has been excluded from the scope of power. As soon as the parliament is formed, the local aristocrats and capitalists have an absolute majority of seats.
After all, the strength of the insurgent army is still very weak, and if it is not for weakening the West Russian Empire, these regions cannot be independent at all.
In this context, the local military aristocrats were the most powerful factions, and as soon as Nicholas II put these people back, they occupied a dominant position.
Wanting them to be completely independent from the Russian Empire is just a British and French idea, and the local interest groups are not ready for independence.
The establishment of an independent country can only cut their relationship apart, and then slowly get rid of the influence of Western Russia, which can not be done in a day or two.
Such a good opportunity, if Nicholas II does not exchange for some political resources, he would be a fool.
After all, this kind of influence cannot exist forever. Now that these people still recognize him as the tsar, the future is uncertain, and it is inevitable to part ways for the sake of profit.
In addition, there is another reason that the current security of various countries is not guaranteed. With just one military operation, Western Russia can strangle their newly born regime to death!
For their own security, these small countries must also have good relations with Western Russia.
The countries originally designed by Britain and France to be hostile to Western Russia are based on the premise that they have a certain strength, and they are not expected to do anything in the short term.
Of course, these thrones were decided by Ferdinand. Xenia's political cells are not so developed, and it is impossible to react so quickly.
Ferdinand would bet that if she had to choose, she would definitely choose Belarus and Poland, for only one reason - being close to Sofia, so she could see her son!
Ferdinand made this decision after careful consideration.
On the one hand, the Orleans family has inherited the throne of German Poland, and they are preparing to merge the two Polish kingdoms, which has received the full support of the French government.
The establishment of a powerful Polish kingdom in Eastern Europe can balance Germany and Russia at the same time and stabilize their position.
Bulgaria is going to grab it now, and it is bound to pay a lot of price, and it is still half of Poland, so it is not worth the shot at all.
On the other hand, it was Ferdinand who simply felt that Poland's geographical location was too pitiful. Once the situation in Europe changed, Poland was usually the first to be destroyed.
As long as you think about it, they are caught in the middle of Germany, Russia, Austria, and Paul, and the tragedy is doomed.
If a small country can still survive, Poland, a medium-sized country, is definitely doomed, and no one is worried about them?
The Belarus next door is good, but Nicholas II intends to make his younger brother Mikhail the king.
Originally, it was to divide the family property of the Roman Dynasty, and the owner wanted to take a share, so it was not easy for Ferdinand to object to this issue.
The rest of the three Baltic countries are not as good as the Grand Duchy of Finland?
In any case, the Gotha family could only get a crown this time. If they wanted to eat alone, the other European nobles would not agree!
In order to gain the throne of Finland, Ferdinand made two waves of transactions successively, and everyone supported each other.
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