Holy Roman Empire

The news of another revolution in Paris broke out and the whole European world was in a muddle. First the revolutionary party had sacked the Bonaparte dynasty, then the radical wing of the revolutionary party had sacked the revolutionary government, and now it was unknown what party was sacking the radical government again.

If you count the Paulist allies outside the city, France has converged on all sides of this era. It's hard to write about it in the news, let alone the general public.

The general public could watch the fun, and the politicians would have their hands full. With the situation so chaotic, this year's war reparations are definitely a no-brainer.

No matter which government comes to power, they won't be able to turn out any money for a while. The country that was counting on the French reparations to subsidize their families is now completely defeated.

The Palais de Vienne, Franz, who had just reached a compromise with Belgium, was now troubled and happy. There was no way around it, and the number of people coming over to borrow money had increased lately.

If it was an ordinary commercial city loan, it would be simple and straightforward to help introduce the bank. As long as they could afford the interest rate and had enough collateral, the financial system of the Holy Roman Empire would be able to help them with the financing.

With the defeat of France and after Paris fell into decline, the financial center of the European continent became the two powerhouses of Vienna-Frankfurt.

Finance also needed to be tied to politics. After the end of the continental war, Britain and Austria had a secret negotiation about the international situation and post-war reconstruction.

Naturally, the result speaks for itself, and a look at the organizational structure of the European Union shows that if the two sides had come to terms, Britain would not have been excluded from the Union.

Without a doubt, it was a lose-lose outcome. Being excluded from the circle, Britain's voice in the European continent had fallen to its lowest point in nearly two hundred years. Except for a bit of influence over the maritime nations, the continental nations are now not buying them.

The Holy Roman Empire had won politically, but economically it had been hit on the head. Not only was the plan to raise money in London bankrupt, but even the God's Shield was squeezed, and the value of the currency plummeted five points at one point.

It was not Franz's style to just take a beating and not fight back. The British squeezed the guilder, and the Vienna government tit-for-tat attacked the pound.

Both countries were on the gold standard, and then an interesting scene occurred. One side takes the Excalibur and exchanges it for gold from Shinra and ships it back to the British Isles, while the other side takes the pound and cashes it out from Britain and ships it back to Shinra.

Both are gold reserves big country, back and forth tossed many times, the melon eaters are going to look dizzy, in the end, still nobody can do anything about it.

Of course, this was superficial, but in reality, the Vienna government still suffered a loss. With the failure of the financing plan and the need to stabilize the value of the S.H.I.E.L.D. currency, the government could only tighten their belts to live.

Affected by this, the post-war reconstruction progress to Lorraine, Alsace and other regions were all affected. The bosses were having a hard time, and the younger brothers were having an even harder time.

Of course, it was not impossible to finance it. The British government looked down on everyone, but the British consortium was still very welcome to finance. It's just that the interest rate is so much higher than normal, by a hundred million points.

Regardless of whether other countries could accept it or not, the Vienna government preferred to tighten its belt anyway, rather than borrowing from the British loan sharks.

The hard times were temporary. Capital for profit, no one is willing to give up the big cake of European reconstruction. Even though the British government did not support it, it could not stop the capitalists' determination to make money.

In particular, the money that originally flowed into the London market from Europe was the first to start flowing back to the European continent, passing through the two major financial markets of Vienna and Frankfurt, and entering the post-war reconstruction project.

The money was there, but not everyone could borrow it away. In a sense, in the capital market, both countries and individuals are "the strongest are always strong, the weaker are weaker".

The richer the country, the easier it is to borrow money; the poorer the country, the more difficult it is to raise capital.

The Vienna government with a strong family background is naturally a quality customer of the capital market, poor Belgium, Sardinia, Lucca, Tuscany and other countries is a tragedy, their credibility is not enough, and can not take enough collateral, financing in trouble.

One or two Franz were happy to act like big brothers, but now that they were flocking to borrow money, Franz had a headache.

In fact, this was not the first time countries had borrowed money. From the beginning of the war against France, the boys had been largely raised at the expense of the Vienna government.

Don't count, don't know, be shocked. These bean-counting little countries are all billionaires in the negative, and given their economic situation, the repayment will wait until the next century!

If that's all there is to it, it's not unacceptable. There are politically lucrative rewards, and it's not a big deal if the funds take a little longer to return.

The key is that the development of the economy needs direction, and post-war reconstruction is not just money on the line. Although Belgium suffered heavy losses, but people's industrial base is still in, as long as there are funds will soon be able to recover.

The Italian state is really a tragedy, to resources did not resources, to industry did not industry, even if the development of agriculture that is also the existence of hanging, the most critical is the limited land to feed so many people.

Originally followed the French, in addition to a small amount of handicrafts, they mainly acted as a commodity sales market, and the role of labor export.

As the French Empire collapsed, so did this fragile chain of industries. The Holy Roman Empire only needed a market for the sale of goods, but not this labor.

No matter how cheap it was, the economy wasn't there yet, there were only a limited number of jobs society could create, and putting these people in was just asking for trouble.

The only option left to them is to take advantage of the cheap labor and develop labor-intensive industries with no technical content, thus boosting the domestic economy.

The problem is that Franz knows it's useless, and it's up to the rulers of the countries themselves to understand that in order to develop a rational economic development policy that takes into account their own realities.

However, the world is full of people who lack self-awareness. Not one of the seven Italian states has come to regularity.

One eye-witness, who thinks he's too smart for his own good, has followed the trend of the times, playing with high technology like electrical and internal combustion engines right off the bat, and even top projects like airplanes and battleships that someone dared to establish.

Well, this is Franz pot. The Viennese government has long made science and technology powerhouse a national policy, and now it has become a social consensus, and even its little brothers have been affected.

Can't be wrong, the problem is that developing science and technology also requires an industrial base. The foundation isn't even there, and if you come up and rub it against the cutting edge, it's going to fall dead.

It was hard to borrow money, and it was wasted by these wide-eyed guys for nothing. And the Vienna government intends to eliminate the backward production capacity, the first to jump out to take over is actually the best industrial base of Belgium.

The little brothers do not save, the boss naturally has to headache. Who's money is not a gust of wind, according to their this toss method, no billions simply can not see the results.

There is so much money, stay to develop their own bad? Who's fucking brain-dead enough to lend it out and float it.

It's advice that doesn't always work. Franz doesn't think he can wake up this group of guys who lack social poisoning by reminding them, and persuading people to return to the right path of this kind of effort, he naturally won't do it.

......

Franz: "What would be the impact if we refused to give them a loan?"

Foreign Minister Wiesenberg: "The diplomatic impact is not great, the end of the French Civil War is imminent, the situation in Europe is basically considered stable, a little storm does not affect the international situation.

With Sardinia, Lucca, Modena, Parma, Tuscany, the Papal States, the two Sicilies, these countries are now in the situation, it is reasonable to refuse to give them loans."

No one rules that the boss has to keep the little brother. It's not like the Viennese government has taken anything from the countries, but instead has done enough to help them gain their independence, and has provided large amounts of financial assistance.

Anyone who feels ungrateful and wants to get their way will have to ask the iron fist of the empire if it will answer.

To jump against the simple, first ask which country would dare to take them. The situation in Europe right now is very clear: The Holy Roman Empire is the only one that can reach out, and if you reach in, you should be prepared to have your claws cut off.

Economy Minister Reinhardt: "The economy is in great trouble. In fact, the capitalist economy has long had problems with supply and demand in the market, but the crisis was delayed because of the war in Europe.

The market boom right now is just a huge bubble built on war dividends, and problems anywhere could cause the bubble to burst.

Without loan support, the Italian region's economy would soon collapse. It could very well be the trigger for a crisis that would ignite the brewing economic crisis."

No one predicted the economic crisis, that's impossible. In fact, every economic crisis is preceded by a sign signal. The first reaction of those in the know was not to issue a crisis warning, but to make a pre-emptive retreat.

In fact, issuing warnings doesn't help. The market always needs a catch, the bursting of the bubble will certainly bury a large number of people, can change nothing more than the buried people are who.

The Great Depression that followed the Great War was itself a natural law of economics. There is no depression breaking out now, mainly because the economy of the Holy Roman Empire has been propped up.

However, this support came with risks. Like a tumor in a person, the longer it is left behind, the more damage it brings.

There was no way around it, some things had to be carried to death. Having just become the hegemon of Europe, the Vienna government also needed time to consolidate its position.

It happened to have another secret war with the British, and if an economic crisis broke out at this time, the Holy Roman Empire's hard-fought hegemony would be diluted.

Perhaps sensing the danger, Gladstone's government wanted to retreat intact, not wanting to ignite a crisis at the end of its own term of office, and after a tentative wave, it resolutely ended its hand.

After a moment's hesitation, Franz said slowly, "Just! It's going to come to that sooner or later, and there's no need to hang on to it.

Tell the governments to come up with a sound economic development plan to convince the banks if they want a loan, we can't afford to keep guaranteeing them."

Frankly, Franz is the last person who wants an economic crisis to break out. As the world's largest economy, the Holy Roman Empire alone accounted for half of the capitalist world economy.

Once an economic crisis broke out, the Holy Roman Empire would definitely suffer the heaviest losses. On the contrary, those feudal agricultural countries with backward economies would be relatively less affected.

But there was no way to rely on the power of the government to delay the outbreak of the crisis, and there was a limit to it. No one knows when this tumor will be detonated, rather than waiting for someone else to detonate, it is better to take the initiative to pierce the tumor yourself, and still be able to grasp a certain amount of initiative.

As for diverting the crisis, it was natural to do it. The problem was that today was different from the past, the Holy Roman Empire's economic volume was so large, even if a transfer was made, no one would be able to catch it.

As the aftermath of the continuation of the European War, it should have erupted as early as the end of the war. It has been very difficult to delay it until now.

Even though the government had repeatedly intervened administratively in the economy, a crisis was still a crisis, and it wouldn't go away with a few executive orders. In short, this bitter fruit Franz had to swallow.

The only difference was that this time it wasn't just overcapacity, but uneven development across industries. Mainly affected by the war, the industries related to the military are overdeveloped.

Free market obsolescence is an economic crisis, and the smart people have long since made enough money to retreat from the relevant fields. Now the remaining receivers are still dreaming of getting rich, one by one fantasizing about the French Civil War or the expansion of the Russo-Japanese War.

Whether they get rich or not is unknown, but the war is not likely to expand anyway. Neither London, nor Vienna, was prepared for war.

War is not a child's game, unless they are backed into a corner, otherwise no certainty, who would be foolish enough to start a war with a great power?

The British and Austrians don't just turn on each other, no matter how big the proxy war is, it's not going to be big enough. It's not easy to help clear the stockpiles, but if you want to make a fortune from war, go home and sleep!

......

Foreign Minister Wiesenberg: "Your Majesty, the war between Japan and Spain is still burning, but from the present situation, the hope of a Spanish victory is very slim.

According to the information from the Viceroy of the South Pacific, from the outbreak of the war to the present, the Spanish expeditionary force has lost 27,000 men, including 3,400 in the navy, while the Japanese have lost 39,000 men, including more than 5,700 naval officers and men.

The Spaniards had the advantage in the exchange ratio, but this advantage was not significant. The Japanese occupy an advantageous position, and their army is being replenished much more quickly.

If there are no major changes on the battlefield, and we continue to be so spent, it will only be a matter of time before Spain is defeated."

The exchange ratio was dominant, not because the Spanish army was better at fighting, but mainly because of the difference in weaponry. If the technological gap between the two warships was a decade, then the gap in the army's weaponry was an era.

To be able to fight a nearly 1.4:1 battle with a gap in weapons and equipment that was an era behind, Franz was a little skeptical that the Japanese weren't open-minded.

The Spaniards have also done their homework, the European Union has long since the Japanese embargo on materials, even if someone smuggled into the hands of the Japanese weapons and equipment will not be too much.

This point Franz has the right to speak, the Holy Roman Empire's navy but often in the Suez Canal, Malacca Strait and other maritime transportation routes check guard, smuggled arms ship halfway up the cooler.

Even if it is still possible to obtain equipment from the British, but the king of army equipment these days still has to look at the Holy Roman Empire, followed by France, and the weapons and equipment of the lobster soldiers are really not very good.