Mediterranean Hegemony Road
Chapter 139
Time flies, and the governments of the nine countries have been arguing over the issue of debt distribution for more than two months, but there is still no result.
The governments of various countries stand on their own standpoints, and the proposals proposed are all kinds of strange, but few are reliable.
The debts of the previous year have not been repaid, and the debts of the next year will soon be due again. The patience of the creditors is gradually losing, and the attitude of the representatives of the British, French and Bulgarian countries is becoming more and more tough.
This time European countries stood together and urged them to pay. During the Tsarist government, they issued bonds to the European continent many times.
Now, when it's time to repay the debt, all the creditors can be seen at a glance, no matter how big or small the amount is, they will all be repaid this time.
Although they do not owe money to the governments of various countries, they owe money to the people. Even if it is for votes, the government must act as a debt collector.
Historically, these personal debts were the first to be paid off, and they were unable to collect them anyway. This has also become one of the reasons why European countries collectively reject Russians.
It was only during the time of Alexander III that the Russian Empire was fully accepted by European countries. After just over 20 years, the centuries-old efforts of the Tsarist government were ruined.
Everyone, it's not an option to keep arguing like this. After discussions with the Executive Committee of the League of Nations and after considering the demands of all parties, we have decided:
Based on the three factors of population, economy, and territorial area, a comprehensive assessment is made to fairly distribute the debts borne by all parties! British Foreign Secretary Attlee said
Generally speaking, there is no problem with this allocation plan, taking into account the interests of all parties, focusing on suppressing Western Russia and Soviet Russia.
In terms of population, West Russia accounts for nearly half; in terms of economy, West Russia accounts for 60 percent; and in terms of territorial area, West Russia accounts for 17 percent.
Taken together, it is: 1/3*1/2+60%*1/3+1/3*17%≈42%
Nicholas II still has to bear the largest proportion of the debt. If it weren't for Soviet Russia's ideological problems, he would have to bear at least half of the debt.
Following closely behind was the Soviet Russian government, which inherited nearly 21% of the Russian Empire's population, 15% of its economy, and 58% of its territory.
In summary, it is: 1/3*0.21+1/3*0.15+1/3*0.58≈31%
The next Eastern Russia, the situation is much better, they inherited 22% of the population of the Russian Empire, 16% of the economy, and 20% of the territory.
In summary, it is: 1/3*0.22+1/3*0.16+1/3*0.2≈19%
Except for these three major debtors, other countries are not worth mentioning. For example, Finland and Finland have been allocated 2 points of debt.
This is calculated by Britain, France and the three countries themselves. All are estimates, accuracy? It's a pity that in this day and age, many things can be estimated, but it is impossible to verify them.
It is impossible for the League of Nations to help them measure their territory at this time, let alone help them with a census and study their economic development.
So as soon as this result comes out, the big countries are complaining, and the small countries are crying for poverty. Don't look at the small proportion of compensation for one or two points, but can't the base be too high?
With so many debts in the Russian Empire, even if part of the war reparations can be offset, the debt that needs to be shared by them is still no less than 3 billion pounds.
For example, two points in Finland, then it is 60 million pounds, which is 21.42 pounds per capita.
On the surface, it seems that this debt is not high. If it is placed in developed countries, it is their three months' wages.
But in Finland at this time, it is different. This is almost the income of their ordinary people for two years.
This is how to do? At present, the annual fiscal revenue of the Finnish government is at most one million pounds. Even if the Finnish government wants to pay back the money, this is their fiscal revenue for 60 years.
Once the interest-free loan matures,
If they switch to interest-bearing loans, then they can't even pay back the interest. There is no way for this God to come. No money means no money!
There is no doubt that the Grand Duchy of Finland took the lead in cheating, and it was still the kind that made everyone helpless, asking for money and refusing to give it.
Unfortunately, it's not that we don't want to take on this debt, it's that our country is so poor that we can't even pay the interest with our government's fiscal revenue.
If you want us to take on this debt, please forgive all the interest. It is estimated that after two hundred years, we will almost pay it off! Paul, the representative of Finland, said with a miserable look.
Sure enough, he is a good actor, and blocked everyone's words at once. He really has no money, and besides, there is no industry in Finland that attracts everyone's attention, so he can't even pay off the debt in kind!
The British Foreign Secretary Attlee, who had a well-thought-out plan, now also finds it difficult. This is a very real problem.
Due to the civil war, the economic conditions of the nine independent countries are very bad, and almost all of the country's fiscal revenues cannot afford interest.
If the interest is completely given up and they are allowed to repay the loan freely, it is estimated that no one is so conscious. Perhaps it is true that as the representative of Finland said, it will be almost paid off after two hundred years.
Obviously he was reneging on his debts, but now he looks so pitiful, which has won everyone's sympathy.
Why don't you do this, everyone will extend the loan period that has expired for a while, and then repay it slowly after the economies of various countries recover! Megeve suggested
This very constructive opinion was immediately rejected by the French. Who told them to issue so many interest-free loans?
Regardless of the fact that Russia owes them the most money, in fact, the interest they can get is the least among the three countries. The interest of more than one billion pounds in loans is only more than 10 million pounds a year, which is really pitifully low.
No, the banks that provided these loans may not be able to accept them. If they fail to pay back the money in time, it may cause a financial crisis! French Foreign Minister Gess said with a livid face.
However, after glancing at the representatives of the Nine Kingdoms, it seemed that if it wasn't for the order of the venue, they would have started to sell miserably by now, and Geos also had a headache.
The debt must be recovered, otherwise the domestic consortia will never let him go. Extending the loan period is indeed a good way, but what he said doesn't count?
Shouldn't they let the nine countries carry out joint debt guarantees and jointly bear this debt? Geos proposed
If that's the case, we probably don't want to receive money. The governments of various countries try to blame each other. What should we do? Megev asked
Would you like to forgive part of the debt? Attlee suggested
I can't decide on this issue! Geuss said
Don't look at me, Bulgaria's loans are all secured, we don't care if the Russians still have to repay the loans! Megev said with a slight smile
The faces of the two changed, and they said that the mortgage actually has some collateral in their hands, but at this time, those who raise tariffs are just talking nonsense.
To enter the Russian Empire from the Black Sea, you must first pass through Bulgaria. No matter how the Russians charge the tariffs, Bulgaria will charge them anyway.
The current Black Sea Strait is not a free port, it is the inland sea of Bulgaria, and ships have to pay taxes as soon as they enter.
If there are more taxes, the competitiveness of products will be lower, and the capitalists will not be interested in continuing to trade with the Russians. Russia has long been a private reserve for Bulgarian goods.
The customs duties that the Russians mortgaged to them, Britain and France actually did not get a penny.
Bulgaria and Russia are symbolic tariffs. When Russians import and export, they will go around Bulgaria.
Now Britain and France have some customs revenue except for the Baltic Sea. Even the supervisors sent out on the Black Sea have been withdrawn. Each ship costs one lev, and the taxes received are not enough to pay salaries.
The remaining salt tax, tobacco tax, alcohol tax, and the messy mortgage tax are even more embarrassing. The Russian tax authorities are all unscrupulous, and the figure is outrageously low.
This situation started after the outbreak of the Russian Civil War, so it's okay not to mention the collateral, but it would be sad if it was mentioned.
Attlee knew this problem, so they could only be the first birds. Bulgaria's attitude was very obvious, and it didn't matter at all.
Even if the Russians can't repay the loan, they will be even happier. Picking up a Ukraine for nothing is blood money?
As for the loan issue, the principal has been recouped at least seventy-seven to eighty-eight, and the Bulgarian government is willing to pay for the remaining part in exchange for the Ukrainian region.
They can't do it anymore. Now that the Russian Empire is divided into nine, those collaterals are even more unreliable. They can't send people to collect taxes in person, right?
Why don't we accept compensation in kind, and see what special products they have, and we can take whatever! Attlee thought for a while and said
It's impossible. With such a large amount of money, the Russian industry is almost zero. Why do we need so many raw materials? Goose objected
Common industrial raw materials in this era are worthless, Britain and France both have their own colonial supplies, they don’t need them at all, and they can’t be sold when they are taken back.
Then we can only ask them to repay the loan in installments. Prioritize the repayment of the bank loan, and use the excess part to pay off the debt. The part that is not paid will be delayed! Attlee said sinisterly.
Obviously, he is prioritizing the interests of the consortium, and ordinary people holding debts are equivalent to being abandoned.
Then let's postpone the debts of the Russians, and use the previous interest, and wait until they have money, and then repay it! Grace thought for a while and said
Megev just nodded, expressing his agreement. The governments of various countries in this era are the spokespersons of interest groups, so of course they have to stand in the position of interest groups.
Okay, we have seriously considered the issue that Mr. Paul mentioned just now, and everyone knows the actual situation of the governments of various countries.
After our discussion and decision, part of the debt can be postponed, and the specific details will be determined below. In principle, we take 30% of your fiscal revenue every year to repay the debt! said Attlee loudly.
Mr. Attlee, this ratio is really too high. There is no country in the world with a fiscal surplus of 30%. We cannot afford such a high financial ratio!
And we make sense of the debt allocation ratio, which is more than we should be in debt, and more than we can afford!
Knowing that many of the loans in the former Russian Empire are secured, we can sell the collateral and reduce our debt! Vasilyevich said solemnly.
This ratio is a comprehensive consideration of our comprehensive factors. If you have any opinions, you can reserve them. As for selling the collateral to reduce the debt, this issue can be done later. This is not contradictory! Attlee said with a gloomy face.
have opinions? Some people will have opinions on any distribution plan. The distribution plan given by the League of Nations has taken into account the interests of all parties as much as possible.
If you still want to pick a thorn, that is deliberately looking for trouble, not giving everyone face, you must teach a lesson.
It can be said that the representative of Soviet Russia was wrong at the beginning. Whether it is the British, French, or Bulgarians, they do not think that everyone is equal.
The status between great powers and ordinary countries is not equal. Once that line is crossed, it will suffer.
On the contrary, what the Finnish representative did was easier to accept. He directly lowered his position. Out of sympathy for the weak, everyone can give them a little preferential treatment.
Of course, this preferential treatment is mainly for political show, not that they really have sympathy, the premise is that it can't harm their interests.
Boris had been instructed by Ferdinand. Crying for poverty in the League of Nations was just the beginning. Later, the representatives of Finland would cry for poverty in front of the media.
Only by touching the citizens of London first, can the London government be moved and let them hold their hands high.
Then we have to go around to European countries to gain sympathy, so that everyone will be lenient.
This method can be used by small countries. Their debts are not much, and the governments of all countries are still happy to make a show.
Then, taking the opportunity, they sold Finland's specialty paper and wood products to repay the debt. While repaying the debt, they also opened up the market for domestic products.
Even Paul, the diplomatic representative, is actually an actor, a talent Boris poached from the Bulgarian film industry.
So at the beginning, Paul was memorizing his lines, as long as he showed the misery of Finland.
He doesn't need to renege on his debts, nor does he need to come forward to fight with others. Just lower your posture and be more sincere.
The debts of the Grand Duchy of Finland must be repaid, and they will not default on a single penny. The only problem is that there is no money now, and it is really impossible to repay.
This direct rejection is much smarter. At least the major creditors are very satisfied with the attitude of the Finns and have no intention of making things difficult for them.
Mr. Attlee, as far as I know, Bulgaria and Russia have a secret agreement. If the Russian Empire has no money to repay its debts, it can sell the Ukraine area to Bulgaria for 30 billion levs, including a mortgage loan of 10 billion levs. .
Although the Russian Empire is now disintegrated, the treaty is still valid. Our nine countries are all heirs of the Russian Empire. Now we have the right to sell Ukraine.
Mr. Megeve, is what I say true! Vasilyevich said with reason
That's right, Bulgaria and Russia have a mortgage agreement on the Ukrainian region. Megev replied
This was an open secret, and many people knew it, so Megev naturally didn't need to lie. Besides, it is also a good thing to be able to buy Ukraine!
Regardless of how much 30 billion Levas are, after deducting 10 billion Levas of mortgage loans, and the debts owed by the Russians to Bulgaria one after another, the actual amount that needs to be paid is only about 10 billion Levas.
This is nothing more than half a year's fiscal revenue of the Bulgarian government, and it is not difficult to raise this money.
Some people want to sell it, and some people don't. From the standpoint of Nicholas II, even if he wants to sell the land, he will sell it himself?
How can it be sold on the League of Nations? Isn't that a sheep into a tiger's mouth?
No, you are betraying the country. The Ukraine region is our core interest, and it is absolutely not split! Sassonov said angrily
Unfortunately, Monsieur Sassonov, we are not from one country anymore, this is not traitorous to me!
We are all heirs of the Russian Empire, and we have the right to implement the treaty signed at the beginning. Now everyone can vote to decide whether to sell Ukraine to repay the debt.
If you want to keep the Ukrainian region, as long as you take over the debt, this problem is not difficult! Vasilyevich said with a poor picture.
Everyone understood that he never thought about selling the Ukraine region. This kind of persecution is nothing more than letting West Russia take on a larger proportion of the debt.
This time, except for West Russia, the remaining seven countries are all occupied with them. Whether it is selling the Ukrainian region or letting West Russia take over the debt, it is very beneficial to everyone.
Forty percent of the debt can be paid off in one go, and it doesn't cost them anything, so why not?
Impossible. At the last meeting of the League of Nations, the Ukrainian region was clearly designated as the territory of West Russia. You have no right to deal with our territory! Sassonov roared
However, the mortgage loan between Paul and Russia was signed by you, Sassonov, and approved by Nicholas II before the division of the Russian Empire.
According to international law, this treaty is still valid, so it can continue to be implemented now. I propose a show of hands to vote! The representative of Eastern Russia said suddenly
As soon as the words fell, eight hands were raised. At this moment, everyone wanted Xi'er to take on more debts, so naturally they wanted to jointly oppress them to agree.
But does Sassonov dare to make concessions?
This is obviously impossible, Ukraine cannot be lost, at least not for nothing!
Similarly, this additional debt cannot be accepted. If it is accepted, their finances will go bankrupt, and they will still have to sell the Ukrainian region to pay off the debt.
At this time, Sassonov regretted it a bit. You must know that so many countries want to become independent. He should have sold Poland, Central Asia and other regions in the first place, and there would not be so many troubles.
I suggest that you go to the seminar first, everyone calm down, the next meeting will start, everyone can continue to negotiate! Attlee said
Obviously, not only West Russia does not want to lose the Ukrainian region, but even the British do not want Bulgaria to gain the Ukrainian region.
Now that Attlee ended the meeting early, the purpose was to buy time for the diplomatic activities of the British Empire.
If you know it, you know it, and Megev still didn't object. Bulgaria shouldn't be overly enthusiastic at this time.
No matter what the British do, it cannot change the fact that the nine countries after independence are all poor ghosts. It is in their interest to force West Russia to assume the debt now.
Unless the British can come up with real money, otherwise this matter is out of their control!
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