Romanian Eagle
Chapter 349: Competition for Funds (1)
After inspecting the results of the operation, Edel returned to the palace.
As for Milok and Calust, naturally they need to do their jobs. There are still many finishing touches to this gold operation that they need to deal with, and the current situation in Europe also needs attention, and they are busy with all these.
However, shortly after Edel returned to the palace, a guard came to report, and the Prime Minister asked the Minister of Finance to be summoned.
After hearing the news, Edel smiled, it must be for this windfall.
This is also understandable. After all, Romania was rich before, and it accumulated a lot of wealth by neutrality in the early stage of the war, which basically made up for the many debts it owed for industrial development. For example, the investment in higher education, the construction of primary medical facilities, the improvement of transportation and so on. These are all beasts that swallow gold, no matter how much investment they can swallow.
And when Romania was ready to go to war, it only had a balance of 1.6 billion lei (a little over $300 million) financially. This is still the result of Edel's early greeting, otherwise there is not much left. Of course, as the head of the government, Prime Minister Bretianu also knew the importance of this war to Romania, so the government was very supportive of the kingdom's participation in the war.
But as the war began, the money slipped away from the government like a tide. The purchase of weapons and ammunition, the pension of the army, the restoration and construction of newly seized territories, etc., all make the funds in the hands of the government feel completely insufficient.
The most important thing is to support Romanian industry, which also costs a lot of money. Because of the rapid change in Romania's diplomatic attitude (from being close to the Allies to being neutral and then declaring war), a large number of companies engaged in exporting to the Allies suffered a lot. The losses of these affiliated enterprises account for 70% of the total number of enterprises in Romania.
This also shows how much Romania, a country with close economic ties to the Allies, suffered in order to join the Allied camp.
Although the Allied countries gave Romania some economic compensation and preferential policies, how many benefits can Britain and France, which depended on American loans, give. And the United States, which is not under urgent pressure, is also mainly material-based aid to Romania. This makes the large and small companies accustomed to eating alone in the Allied camp have limited benefits in the face of fiercely competitive markets such as Britain and France.
Fortunately, the current Romanian participation in the war has eased this downward pressure on the economy. A large number of labors have been incorporated into the huge machine of war, so that these enterprises can rely on the war to survive for some time.
On the other hand, the government can selectively support this situation, and enterprises with technology and ability can develop and grow, which can make Romania as short as possible the post-war depression period.
So after Edel inspected the gold, Prime Minister Bretianu immediately came to the door with the Minister of Finance.
It's all a word, money makes trouble.
So within a few minutes, Eder met Prime Minister Bretianu in his office, and Lord Albert, the Chancellor of the Exchequer who accompanied him.
The Lord Albert took over in 1916 the old chancellor who had retired due to illness. And his experience is also very inspirational. His father was a famous banker in Romania at the time, and he showed extraordinary financial ability since he was a child.
But Albert's life changed dramatically when his father went bankrupt because of a financial fraud case. The rich and elegant life was far away from him, and he had to drop out of school to work as a helper because of the dilemma of life.
However, this could not dispel his thirst for knowledge. He helped others to study by himself and be admitted to university. Among them, his hard work for study allowed him to get financial support from the family who worked. And after he finished college, he first worked as a clerk in a bank until he became the branch president. Then he was introduced to the Ministry of Finance because of his outstanding performance, and then began his career in the Ministry of Finance for nearly two decades.
Through his own efforts, he successively served as Director of the Budget Division of the Ministry of Finance, Assistant Minister of the Exchequer and Director of the Financial Division. Among them, he is in charge of the establishment of the Reserve Bank. It can be said that the financial and financial aspects are not clear to him.
You two, what's the matter with you this time?
In his office, Edel leaned back on the chair and asked the two important ministers with a smile.
In the face of the king's inquiry, Prime Minister Bretianu first took out a document from himself and handed it to Edel. Your Majesty, this is the report prepared for the reconstruction of northern Moldavia.
Eder took over the document, he knew about the reconstruction of the northern part of Moldavia. Regarding this matter, it all needs to start from the recovery of Courtois.
As a territory occupied by the Germans, the fall of several cities and vast rural areas in northern Moldavia caused Romania to lose a lot. And because it was captured, it also caused a large-scale war refugee wave in Romania. More than 200,000 people who were unwilling to be harassed by the war rushed to the rear with their families and their families. Dispersing the fleeing people, maintaining order, and providing relief materials put a lot of pressure on the government.
Now as the old general led the Moldavian Army to regain lost ground one after another (mainly, the German army retreated to occupy the majority in the face of the return of the main Romanian main force, and the Allied troops reinforced after the defeat of Bulgaria.), then for this piece of land by Germany Reconstruction of occupied territories is also on the agenda.
In terms of the city, Suceava, which was basically destroyed by the war, needs to be rebuilt. The two cities of Homan and Iasi, where no fierce battle broke out, were also severely harmed by the German army. Even the city of Bacau has many buildings damaged by German artillery.
In the countryside, the Germans who were seriously short of food could not let it go. Countless villages were forcibly expropriated and taken away their food. In the face of heavily armed soldiers, a large number of villagers who were reluctant to give up their property or unable to leave had to obediently hand over their food reserves. However, these robbers dressed in the army had some conscience, and they did not levy the rations of the villagers. Watching the German army's grain harvesting team leaving with a full load, the villagers could only look at the German marks they were given and wanted to cry without tears.
Before the German army planned to withdraw, many rural grains that were about to mature were also forced by the villagers to harvest and transport them away in advance. And this phenomenon also reflects the degree of domestic food shortage in Germany. At the same time, the relief supplies of the Romanian government have also increased a lot.
All of these add up to Romania's loss of about 800 million lei, and the current government can only provide it with material assistance of about 50 million lei.
So when the Prime Minister took out this document, Edel glanced at it a little and signed the word Agree.
()
.. m.
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