Every huge loan cannot be finalized in a few words. In addition to the exchange of political interests, it was accompanied by a series of risk assessments and detailed negotiations.

Commercial loans are not the same as purely policy loans.

Pure policy loans are fully covered by the government, and banks only lend on their behalf, without considering risks and returns. This is not the case with commercial loans, even if there is a government guarantee, it is limited to the principal part.

The specific benefits and risks should be assessed by the commercial banks themselves. Theoretically, as long as the bank believes that the risks outweigh the benefits, the loan will fail.

In this regard, it is still unclear whether the Spanish government will be able to obtain the loan even if it agrees to the Vienna government.

Of course, things are not non-negotiable. Capital is profit-seeking, and as long as the returns are high enough, risk is no longer a problem.

Unable to get the full support of the Vienna government and haggling with the bankers, Júnior was naturally very disappointed.

Based on his previous experience with bankers, Júnior knew that this time he would not be able to do without bleeding. Thinking about Spain's current financial situation, Júnior's whole person is not good.

"It's hard to borrow money, and it's even harder to pay it back!"

If nothing else, the Kingdom of Spain will overtake the Confederate States of America to become the third largest debtor in the world after the United States of America.

In front of them, naturally, were the Russians. It is also a kind of ability to owe huge debts in these years, except for the tsarist government?

Although the Vienna government was also burdened with huge debts, the Holy Roman Empire remained a creditor state.

For example, a company owes money to upstream raw material suppliers, and at the same time, the accounts receivable of downstream distributors have not been collected.

The payment for goods should be included in the cost, and the accounts receivable should be included in the profit. If the profit exceeds the cost, it is a profit, and vice versa.

Although the Vienna government owes more money to others, it cannot stand the fact that there are more people who owe them money. All things considered, the creditor's rights are still greater than the debts.

Just look at the debts of the tsarist government next door, most of which were borrowed from here. In addition, there is also a group of younger brothers who are also big accounts receivable.

There is no way, and banks also need to assess the risk.

Like the European countries that have declared bankruptcy, no commercial bank dares to lend them money, and no one can guarantee it.

It also takes time to collect debts, and the default rate is almost 100%, and no one is willing to do it!

In the end, a compromise was the only way to do so, with the bank lending money to the Vienna government, which in turn lent them money.

As a result, the Vienna government, which has been reducing its debts, has not only not decreased, but has increased its own debts.

Originally, Júnior also wanted to obtain this special loan. After all, the Vienna government took over the risk, and the interest rates offered by the banks on loans were usually very low.

It's a pity, but it's just a good thing to think about. How could the Vienna government act as the culprit of this injustice without coming up with enough benefits in exchange?

What's more, it's not that Spain can't afford to take out collateral. Compared with those poor and white brothers, the Spanish government is still relatively wealthy.

Whether it is the right to issue money, or colonies, or tariffs, or even territory, it can be taken out as collateral.

Just because the Vienna government is not interested does not mean that no one is interested. In many people's minds, these are high-quality assets. As long as you sell to the right customers, you can get a lot of money.

"Oil extraction" is still suitable for professionals. Bankers are definitely the most professional in this regard, there is no one.

As for the risk of default, how can you not take the risk if you want to make a fortune? As long as the Vienna government is willing to guarantee it, the risks are manageable.

……

"Have you checked it out?"

Júnior asked.

Despite a preliminary agreement with the Vienna government on the issue of borrowing, he did not abandon the line of Jewish capital.

"Money" is never too much. If possible, Júnior would like to get as many loans as possible.

After all, war is full of uncertainties, and no one can be sure what the final cost will be until the last moment.

If it weren't for the fact that there was no way, it would have been impossible for the War Office to propose the recruitment of "French mercenaries" to fight. The military has no confidence in their own soldiers, and Júnior has even less confidence.

Just look at the Philippine War. Spain's most elite troops, with absolute firepower superiority, can't even handle a group of Japanese natives.

Although the Spanish army had the advantage in the exchange ratio, compared with the performance of the French mercenaries after that, it was to compare goods and throw away.

In fact, the problem of insufficient combat effectiveness of the Spanish government army was exposed at a more critical time. If you dig deeper, you can go all the way back to the last century, or the last century.

It's just that the problem is a little more serious now. Everyone knew that the Spanish Army had to be reformed, but it was a time of war, and the Spanish government didn't know what to do.

Since its own army is not powerful, it can only be made up for by "krypton". Without any money, Júnior was really worried about running out of funds for another time.

Minister Brad: "Time was too rushed, we just found out who they were. Whether there is any collusion with other forces in the secret is uncertain for the time being.

You may not believe it when you say it, but the stories of these guys are a legend when put together.

If I had to choose a name, I think it could be called "The Struggle of the Jewish Capitalists" or "The Resilience of the Jewish Capitalists".

According to the information we have found, the predecessors of these guys also have a glorious family history, and their fathers once dominated the largest financial consortium in Germany.

However, because he was too greedy and wanted to extend his tentacles into politics, he secretly supported the revolutionary party during the Vienna rebellion in 1848.

Subsequently, these financial consortia were liquidated by the Vienna government. However, these people reacted quickly enough to see that the momentum was not right, and immediately ran away.

The man runs away, but the inheritance is gone. It was either destroyed at the hands of the rebels or confiscated by the Viennese government. In short, after 1848 the power of Jewish capital in Austria was dealt a heavy blow.

After the turmoil, the lucky ones who escaped the catastrophe made a comeback with the capital transferred in advance.

Only this time they were unlucky, just in time for the Vienna government's anti-corruption case. The Jewish capitalists involved in the case were taken into the intensive care of the Vienna government, hundreds were put on the gallows, and thousands were exiled abroad.

After the incident, the power of Jewish capital in Austria's financial circles was basically swept away and went into decline.

Although the Jewish consortium has fallen, there are always a few fish that have slipped through the net. The people who are in contact with us now are the descendants of the fish that once slipped through the net, and now they have been pushed to the surface and become the talkers.

At present, it has only been found to be related to Jewish capital in the German region. They were already very closely linked to Austrian Jewish capital, and the Viennese government's actions were also detrimental to their interests.

Driven by profits, these people have always been the most opposed to the reconstruction of the HRE. It's just that the back arm can't reach the thigh, so I can only accept reality.

After the establishment of the Holy Roman Empire, in order to avoid being liquidated, this Jewish capital also converged a lot.

On the one hand, the sense of presence is reduced as much as possible; On the one hand, strengthen the establishment of contacts and strive to make friends with powerful people.

I just don't know why, I suddenly found us. ”

Knowing that the Vienna government's financial controls were strict, it was not suitable for capital speculation. The fact that Jewish capital did not run away and remained in the Holy Roman Empire is already telling.

Perhaps in the eyes of the outside world, Jewish capital is a family, but in fact, the competition between Jewish capital is equally fierce.

"Today you pit me, tomorrow I pit you" is the normal state of capital operation.

The so-called compatriot affection only exists among ordinary people. Capital all over the world is the same, and the essence is the same - mercenary.

The market is not unlimited, and no one welcomes competitors to join. It's easy to leave the Holy Roman Empire, but changing places doesn't mean you're having a good life.

The anti-Semitic movement is not a joke, and it has nothing to do with outsiders, that is, the fat sheep sent to the door. Test the wolf's will with a fat sheep, that's simply ......

In comparison, the situation in the Holy Roman Empire was not bad. Although the government is relatively lenient, the Vienna government abides by the rules!

Within the scope of the rules, although it is difficult to obtain windfall profits, it is better to be safe. There's no need to worry about waking up and being clicked.

For ordinary Jews, the impact is even smaller. In addition to the strict control of education, there are no Jewish schools, and they can only go to public schools to study, and the stable social environment is already their favorite.

However, compared to the upheaval of life, these small flaws are not unnegotiable. After all, ordinary Jews who are busy with three meals a day simply don't have time to take care of that much.

Against this backdrop, the concept of the Jewish nation has been gradually diluted, although there has been a large influx of Jewish immigrants to the Holy Roman Empire in recent years.

The great integration of nationalities is in the interests of ordinary people, but it hurts the interests of Jewish capital.

Without these ordinary people as cover, they are just a bright light in the night, and they are the brightest cubs wherever they go.

In desperation, many Jewish capitals in Austria did not regard themselves as Jews and played lurking.

So much so that on the bright side, Austrian Jewish capital has indeed declined, and now depends on the Jewish consortium in North Germany for survival.

There weren't a lot of things to find, but what was on the bright side gave Bojouniol a headache.

Politics is brutal. Based on past experience, Júnior knows that the simpler the background, the bigger the problem behind it.

How could a few Jewish capitalists who had been severely beaten by society dare to take such high-risk loans if they had no one to support them?

"If we agree to their terms, when will we be able to release the money at the earliest?"

I don't know who is behind it, it doesn't matter, anyway, real money can't fool people. As long as he can get the loan, Júnior doesn't care who is behind the scenes.

"Calculation" should also be built on the basis of strength. If it were just a few powerful people, Júnior wouldn't mind letting them know what social cruelty is.

Minister Brad: "These people promised to start disbursing the money within a month after the contract was signed and released.

They also put forward conditions to send people to monitor the use of the funds. To ensure that the funds are not misappropriated, they release money once a week.

The first batch of loans is 1 million Aegis, and then the weekly loan amount will be determined according to the actual situation. ”

"There's a problem!"

This was Júnior's first reaction. Although it is an international practice to make loans in batches, it is too frequent to make loans once a week.

After wandering around the room for a few steps, Júnior said slowly, "Promise them, but the first batch of loans cannot be one million Aegis."

According to international practice, the amount of the first batch of loans should not be less than 10 percent of the total amount of loans. And the loan disbursement time cannot be a month, it must be within a week. ”

……