In the face of the joint attack of Anglo-Austrian capital, the French government did not raise its hand to surrender, and Napoleon IV showed a side that dared to take responsibility.

First, it called on domestic companies to withdraw their investments from overseas, increase their foreign exchange reserves, and buy francs in the international market.

This was followed by an administrative order strictly prohibiting domestic banks from lending francs to international investors, and several domestic consortia were personally interviewed for this purpose.

No one knows what was specifically discussed, anyway, after being interviewed by the emperor, the people in the French financial community have a lot of rules.

Many people also symbolically took out funds to join the resistance army.

By this time it was already too late, and the attacking side had already hoarded a large number of francs in its hands, and even if the domestic consortium was watched, it would be useless.

Overall, the Paris government has done a remarkable job in dealing with the crisis, and its response has been timely.

Unfortunately, the root cause of this crisis is that France's foreign exchange and gold reserves are seriously insufficient, and if this problem cannot be solved, it will not be able to get out of the crisis.

Theoretically, France has a lot of investment abroad, and as long as it withdraws back a fifth, it can get through the difficulties.

However, this is the 19th century, not the 21st century, and it is simply not possible to withdraw money from overseas in a day or two.

Time waits for no one, and before overseas funds come back, the French government's foreign exchange reserves are about to bottom out.

The government of Paris is in a hurry, and if it continues like this, it will be a few days before it will use its gold reserves to fill the hole.

The French government's gold reserves are already insufficient, and if there is a large-scale outflow of gold, the value of the franc will definitely collapse. Rather than that, it would be better to surrender now.

……

At the Palace of Versailles, Napoleon IV no longer had the vigor of the past, and the whole person was depressed a lot.

Obviously, this crisis hit him a bit, and the French Empire was not as strong as he thought.

Economy Minister Elsa: "We have limited the amount of money that can be exchanged at a time, but the number of people who come to exchange every day continues unabated.

Panic has been created, the market is not optimistic about the future of the franc, and there are more and more shorts in the financial markets.

As things stand, if no other forces join in, the market crashes sooner or later. ”

In the face of the attack of Anglo-Austrian capital, is there still a force in this world that can compete?

The answer is: Yes.

Although the French consortium is slightly weaker than the Anglo-Austrian capital, the Anglo-Austrian capital is not fully invested, and if the French consortium joins the garrison army, it is a local battle, and with the strength of the French government, they have the power to fight.

After hesitating for a moment, Napoleon IV said slowly: "Send someone to talk to the domestic consortium again, and all other issues are negotiable, except for the right to mint money."

Tell them that if they still refuse to budge, we will compromise with Anglo-Austrian Capital, and no one should think about it at that time. ”

The French consortium is willing to cooperate with the Anglo-Austrian capital action, in addition to the gains in the financial market, more to force the Paris government to make concessions.

If the franc really collapses, it will not necessarily be a good thing for the French consortium.

In the short term, they may be able to make more money by speculating, but this will cost them the future.

The franc loses its status as an international currency, and the cost to French consortia if they want to develop overseas will be greatly increased.

Of course, this does not scare them. Most capitalists don't think that long-term, and many of the consortia that are rooted in the local area have little interest in internationalization.

But the threat of Napoleon IV, no one dared to ignore it.

If the French government directly compromises with Anglo-Austrian capital and lures the wolf into the house to put Anglo-Austrian capital in, it will cost human life.

Nothing is impossible in front of interests, what the French government needs is stability, and what Anglo-Austrian capital needs is interests.

After ignoring the political factor, the likelihood of compromise between the two sides is very high.

As long as they can achieve their goal and get the expected share of the profits, the capitalists don't care if they can't defeat the franc.

Don't look at the fact that this financial turmoil was single-handedly stirred up by Franz, in fact, at this time, the capital of the whole of Europe has been gathered, and it has long been beyond Franz's control.

Even if the British and Austrian governments call it off together, it will not necessarily work.

Real money has already been invested, and if you don't get any benefits, you want the capitalists to stop, how can it be?

……

"Stock market crash + financial crisis + overcapacity = economic crisis", this set of calculations may not be 100% accurate, but 99.9% is still there.

First, Anglo-Austrian dumped products in France, and then caught up with the stock market crash, and before the French could catch their breath, Anglo-Austrian capital launched an offensive in the financial market.

Linking all these things together, one conclusion can be drawn - the crisis of external transfer.

The most serious overcapacity is the two industrial countries of Britain and Austria, and even if an economic crisis breaks out, these two countries will suffer the most.

Britain and Austria are facing not only overcapacity, but also overcapital. Just made a war fortune, and the capitalists in both countries are rich in their pockets.

Under normal circumstances, everyone will take out these funds and invest them, instead of putting them in the bank to eat interest.

Unfortunately, the world is facing overcapacity right now, and investing in any industry is a disaster.

However, before the crisis broke out in Britain and Austria, France had problems first.

At the Vienna Palace, looking at the information in his hand, Franz breathed a sigh of relief.

If Austria wants to get through the current hurdle safely, the transfer of the crisis is an indispensable part.

Is there a better place in the world than France?

If you don't take advantage of everyone's lack of reaction and pull the British to suppress France, there will be no chance in the future.

No matter how low-key Franz is, it is only a matter of time before the Austrian threat surpasses the French threat, and then it will be the pattern of Britain and France joining forces against Austria.

Now that the French are being hacked in advance, this hatred value alone can push back the time when Britain and France are closer by many years.

This time the hatred is too great, if nothing else, after the crisis, the British, French and Austrian trilateral alliance will also come to an end.

While deflecting the economic crisis and striking at the continent's biggest rival, Franz described the operation as "perfect".

Putting down the information in his hand, Franz ordered: "Let our people, add a fire to the secrets, and make this financial war even bloodier."

In particular, we should focus on the French heavy industry, many French steel mills are still struggling to support them, and we should help them.

Continue to raise international coal prices, ban domestic coal exports if necessary, and let the French continue to study charcoal steelmaking technology!

By the way, he arranged for someone to release the news in France, and threw the black pot that provoked this incident to the British. ”

Heavy industry is France's most important and vulnerable industry. Due to the shortage of coal resources, even in 1881, a considerable number of enterprises in France still used charcoal to make iron.

As for the "charcoal steelmaking technology", that's a joke. After many improvements by the French, charcoal steelmaking technology has stabilized.

It's really stable, and the pass rate is more than 10 percent. Quality aside, Britain and Austria don't recognize that it's steel anyway.

Knowing that it can't be done, French companies can only bite the bullet. There are only a few steel sources in Europe, which are not under the control of the French.

Originally, the Rhineland region was the most suitable source of raw materials for France, but unfortunately, after the Pude territory deal, most of the coal mines in the Rhineland fell into the hands of the Anglo-Austrian consortium.

In recent years, the consortium has not given up the real industry, and both sides have their own factories, so it is natural to crack down on competitors.

The two sides tacitly controlled coal production and artificially raised the international price of coal in order to make huge profits.

If someone counts, they will be surprised to find that the country that exports the most coal resources to France is actually the humble Belgium.

Against this backdrop, France's coal-intensive companies are having a hard time. The easiest way to hit French industry is to raise the price of coal.

Throwing the pot on the British is not a wrong, it is indeed the largest British capital in the capital army that attacked the franc.

Whoever has more money is the boss; Whoever gains the most is the culprit.

No matter how you look at it, the British are the most suspicious. Saying that they are not the masterminds, it is estimated that the French people will not believe it.

As for Austria, although Franz was very active, it could not stand up to the deep background of the British, and the funds mobilized were far from comparable to John Bull.

From the very beginning of the operation, the dominance fell to the British consortium. The Austrian consortium can only follow suit, and the role it plays may not be as good as that of the French consortium, and the biggest contribution is probably the formation of this bureau.

……

Franz's decision dealt the final blow to the French economy.

The first to fall was not the dying steel companies, but the much-anticipated Moore Textile Group.

Compared with those iron and steel companies that lose money all year round, we still prefer Moore Textile Group, an enterprise with strong profitability.

Internationally, it was besieged by British textile companies, and downstream sales channels defaulted; The country has been spied on by the consortium again, not only can not get the loan, but also there is a farce of a number of sellers defaulting on the payment at the same time.

was forced to have no choice but to go to court with the seller, but before the trial began, Moore Textile Group, which had broken cash flow, had to declare bankruptcy and reorganization.

The famous Moore Textile Group was eaten by a group of giant crocodiles in the reorganization, leaving only a mess.

This is just the beginning, and it is more than just a Moore Textile Group that is being targeted by the consortium. Watching international capital gallop in the financial market, the French consortium also wants to eat meat.

Valuable enterprises were carved up and cannibalized, and enterprises without value could only really go bankrupt, and the bankruptcy wave spread, and the economic crisis broke out in France.

……

(Note: There is no electronic equipment, it is all manual operation, and the financial model is very different from that of later generations, especially in the transaction speed, which is impossible)