Romanian Eagle

After seeing Eder processing the documents on the reconstruction of northern Moldavia, Prime Minister Bretianu immediately pretended to be concerned and asked: Your Majesty, what should we do with this batch of gold?

As soon as Edel heard that the meat scene was coming, he also pretended to be confused and said, Put it in the Reserve Bank first, and talk about it after the war is over.

After hearing that Edel planned to wait until the end of the war to consider the use of this batch of gold, Prime Minister Bretianu stopped putting it on. Your Majesty, at present, due to the procurement of war materials, to appease the people in the newly occupied territories, and the resettlement of the people returning home from North Moldavia, the government has almost run out of funds. We must obtain new funds to continue. Go down, so you can see if you can allocate a part of it and solve the current difficulties first.

Facing the request of Prime Minister Bretianu, Edel was a little silent. In fact, he had his own ideas about this batch of gold. In Eder's view, the current gold from Kazan is not the best time to use it. After World War I, the appeasement of Romania's newly occupied territories and the acquisition of German industry were the most valuable moments.

Think of the huge debt that Germany was carrying after the war, and the repressed environment. With a large pool of experienced technicians and absurdly cheap factories, Eder's felt it was his responsibility to keep them and these factories alive on Romanian soil. This is also the greatest contribution he can make to these poor German people as a member of the Hohenzollern family.

As for the anxious people who are about to be incorporated into Romania, Eder also believes that it is necessary to make them feel that the New Kingdom attaches great importance to them, so it is also necessary to give some economic benefits. However, both of them require huge amounts of money, and the current batch of gold is the biggest capital he intends to do these two things.

Therefore, Edel was a little reluctant to the Prime Minister's suggestion to use this batch of gold.

Prime Minister Bretianu saw that the king was calm about his proposal, and said impatiently: Your Majesty, there are too many materials that need to be purchased at present, our government's finances are quite tight, and we really need a fund to alleviate this situation. .

In the face of the Prime Minister's words, Eder asked instead: Can't the government issue another national debt to ease it?

In the face of the king's scruples, Prime Minister Bretianu couldn't help but smile bitterly. Does the king think that they have not considered this method? In fact, the government has already made this idea, but unfortunately it is not realistic. At present, the domestic capital is not strong enough, and many entrepreneurs have grievances about the kingdom joining the treaty camp, and they will not be active in purchasing (whoever makes a big profit and may lose money has grievances. This has nothing to do with the issue of love or not patriotism, capital is profit-seeking). Moreover, these enterprises are basically relying on the war money they have made in the past few years, and many people who make money have invested it in expanding production, so it is impossible to expect the country to digest this batch of national debt.

So the Prime Minister said bluntly: Your Majesty,

At present, it is difficult for the domestic economy to bear the issuance of this national debt. This is not a small sum of money, but a war bond of nearly two billion lei.

Hearing the Prime Minister's words, Edel was also taken aback. So much money, how is it calculated?

Seeing that the king did not believe it, the Prime Minister immediately stated his reasons: This batch of money includes the cost of continuing to purchase war materials, as well as pensions for the fallen soldiers, and resettlement fees for the disabled soldiers. You must know that the current staff The reported number of dead soldiers and disabled veterans has reached more than 70,000, all of which require large sums of money.”

Edel knew this. He was also taken aback when the Presun newspaper came up. Because Romania suffered some losses when facing the German army in North Moldavia, the other fronts were considered smooth, why the casualties were so large.

When Pulesan explained to the king, he realized that although the situation was favorable for Romania, the number of casualties was really not small. First of all, in the Battle of Transylvania, Romania lost more than 40,000 casualties and missing. Among them, there were more than 25,000 soldiers who could no longer fight after death and medical treatment. The Bulgarian campaign had the smallest number of casualties in Romania, with more than 24,000 casualties and missing persons, and more than 11,000 soldiers who died or could not continue fighting. As for the Battle of Northern Moldavia, where the Romanian army suffered the most casualties, there were more than 80,000 casualties and missing persons, of which more than 45,000 people died and retired due to injuries and illnesses.

According to the Romanian standard of 6,000 lei killed and 5,000 to 3,000 disabled soldiers, this means that more than 300 million lei is needed. The money can't be delayed yet, it's a big deal about the morale of the army. Therefore, Prime Minister Bretianu was also in a hurry and had no choice but to come up with the idea of ​​this windfall.

Although the Prime Minister had good reasons, Eder was still a little unwilling, so he suggested another way.

The government could go to London or New York to issue war bonds.

In the face of the advice given by the king, Prime Minister Bretianu said directly. Your Majesty, we have considered it, and this will not fill the funding gap.

Seeing that the king was a little unconvinced, the prime minister gave reasons. At present, the national debts of Britain and France are not well sold in the financial markets of London and Paris, while in the United States, we have contacted banks such as Morgan and Citi. They said that my country's war bonds can only be underwritten for a $100 million issuance. And the interest must be one percentage point higher than that of the British and French bonds. Because the American people have concerns about our country’s ability to repay.”

Hearing the Prime Minister's merciless words, Edel sighed secretly. This is because the development time is too short, and Romania is not well known in the world. However, this has been much better. According to the historical situation of Romania, it is estimated that 50 million US dollars is enough, and it is estimated that Britain and France will need to protect it.

Hearing the Prime Minister's explanation, Edel thought about it. Well, the issue of war bonds is still going on. They will issue 100 million US dollars of war bonds in the United States according to their requirements, and then also issue 500 million lei of war bonds at home and in Britain and France. For the remaining one billion shortfall, take part of it. Backed by gold, a billion lei was issued to finance the war.

After Edel finished speaking, he looked at the Chancellor of the Exchequer who was standing behind the Prime Minister. Lord Albert, who has worked in the Ministry of Finance for many years, immediately understood the king's intention. He stepped forward and asked, Your Majesty, what proportion of gold is this note issued in?

The meaning of Lord Albert's words was understood by everyone present. Although it is now on the gold standard, it is not the classical gold standard, with 100 million lei in gold and 100 million in paper money. Now which country is not over-issued banknotes, although banknotes can still be exchanged for gold, its complicated procedures have blocked a large number of ordinary people, and the exchange of banknotes for gold between countries also needs to consider all aspects. If you don’t believe it, after the original time and space war, the debts owed by Britain and France have long been insufficient to repay their domestic gold reserves. As the main creditor, the United States still does not dare to force them to pay them back, and can only negotiate the exchange of interests.

Romania doesn't have that capability, so Eder thought about it and said, Let's release it on a three-to-one basis.

After he finished speaking, Eder sighed secretly. This batch of gold has only arrived in Romania, which is one-tenth less. Who can stand it more than once.

When the Prime Minister saw that he had received the money, he quickly left the palace with the Chancellor of the Exchequer. The government's work was very busy, and if it wasn't for this important matter, he wouldn't be too lazy to come over and haggle with the king.

After the Prime Minister left, Edel had not waited for a rest, and the guards came in again to report: Chief of the General Staff Puleshan is coming.