In order to quell the revolutionary wave, stabilize the situation on the European continent, and revitalize the European economy, the European Union decided to convene a European economic summit in Vienna.

Strictly speaking, this can only be regarded as the economic summit of the continental union. Only members of the continental Union participated in the meeting, and both Britain and France were excluded from the list of invitees. I don't need a reason, I just don't want to take them to play anymore.

At this time, the European Economic Summit was held, and countries were also forced to helpless. After the outbreak of the economic crisis, everyone's economy has been hit hard, and the more economically developed the country, the greater the impact.

Because of the lack of experience in dealing with the crisis, governments did not take timely action, so that the crisis expanded and social contradictions rose sharply.

After the wave of revolution surged, in order to stabilize the domestic situation, governments around the world have sacrificed the "Great Law of Relief".

The effect of the "Great Law of Relief" was very obvious, and after being able to barely fill its stomach, the momentum of the revolutionary party quickly withered, and the only drawback was that it was too expensive.

Originally, there were many poor ghosts in the European Union in the continental Union, and in the midst of the economic crisis, the fiscal revenues of various governments were greatly reduced, and at this time, they still had to use money to "bail out" the unemployed, which was a test for the finances of all countries.

Except for the five countries of the HRE, the Netherlands, Montenegro, Armenia, and the Nordic Federation, one of the remaining countries is counted as one, and it is either financially bankrupt or on the verge of bankruptcy.

Needless to say, HRE has a solid family background, and it was the first to take countermeasures to stabilize the domestic real economy, and now it has passed the most dangerous time.

Montenegro and Ameria are both agrarian countries, and if the handicraft industry is also considered industry, their industry accounts for about five or six percentage points of the national economy. Naturally, such an economic structure is not eligible for an economic crisis.

Although the Netherlands and the Nordic Confederation did not participate in the European War, they did both beneficiaries of the war. I just made a fortune from the war, and my own family background is not bad, so the government can save a little in other areas and tighten its belt.

The rest is hard work. The tsarist government had never been rich, and the war money from the European War was not enough to fill the hole of the Anglo-Russian war, and now it had suppressed several waves of revolutions in the country, and the treasury was able to run rats again.

Although Portugal was also a member of the colonial empire, because of corruption within the government, the colonies that were supposed to create wealth became money-losing goods in their hands.

Everyone knows that once the bureaucracy loses its limits, no amount of revenue will be enough for them to squander, so it is not surprising that the Portuguese government is bankrupt.

As for Spain, Belgium, and Italy, the seven states were all harmed by the war, and Switzerland suffered from indigestion.

As for Greece, it is a country that can drive creditors crazy. Since their independence in 1832, they have had more than a dozen financial crises, on average every three or five years, and they must have gone bankrupt.

Of course, there is also the reason why the two major creditors of Britain and France are too dark. If they were as conscientious as Franz, the chances of financial bankruptcy were much smaller.

So far, the European continent has included Greece, Belgium, Switzerland, Portugal, Sardinia, ...... Ten countries have declared bankruptcy. Also on the verge of bankruptcy are the Papal States, Spain, and Russia.

There is no doubt that this kind of large-scale collective bankruptcy is certainly not normal. You must know that the Vienna government has only recently granted loans to everyone, and no matter how difficult the finances of various countries are, they will not collapse so quickly.

There is no need to delve into the truth, anyway, people with good history understand it.

Since geopolitics determines the pro-Austrian stance of European countries, Britain, which has been excluded, will naturally not put a hot face on its cold ass, and diplomatic relations will fade.

After the outbreak of the economic crisis, financial crises broke out in various European countries, and British bankers naturally did not let go of this opportunity to take advantage of the fire.

Greed is to make people lost. It doesn't matter if you rob while it's hot, the point is that in the face of interests, the bankers didn't adjust their mentality in time and were still immersed in the glory of Britain.

With the birth of the European Continental Union, Britain's voice on the continent has been weakened to an all-time low. Of course, Britain is still coaxing, and no one dares to tease his tiger whiskers.

However, as the economic situation continued to deteriorate and the revolutionary tide continued to rise, the cruel reality of lack of money in the pocket had overwhelmed everyone's fear of the British.

Naturally, I don't dare to repay my debts, but I still dare to find an excuse to postpone the repayment of debts. Anyway, the British government does not give them low-interest loans, and the loans from commercial banks are all usury, and now they can't afford to pay it back even if they want to.

There was no shortage of warriors in the world, perhaps during his time under house arrest in London, or perhaps it was the thrilling escape that left a shadow over Vittorio Emanuele III.

Vittorio Emanuele III, driven mad by finances, did a ruthless thing under the trend of hatred. First, they frantically borrowed from British banks, and as soon as they got the money, they declared the government bankrupt and demanded debt restructuring.

In order to share the pressure, Vittorio Emanuele III did not only do it himself, but also encouraged his neighbors to do it together.

Franz didn't know exactly how it worked, but the end result was that they did it, and several Italian states had to fool in 30 million pounds from the British.

It is no wonder that the six Italian states declared bankruptcy at about the same time, clearly in advance with collusion. Because they are not fat enough, they don't dare to hack the British's money directly, so they use bankruptcy as an excuse.

As for the other participant, the Papal States, they did not declare bankruptcy because they had a religious body.

As long as he can let go of his discipline, the Pope can do a lot of things. "Bankruptcy" is too shameless, as a servant of God everything belongs to God, then the servant debt can also be regarded as the debt of God.

To paraphrase the most popular saying of the Middle Ages: "Usury is the ugliest and most abominable crime in the sight of God."

If you are a devout believer in God, then you have to lower the interest rate. In the face of this unreasonable existence, it is estimated that most bankers will have a headache.

……

These are all brain supplements made by Franz according to the information in his hands, and he doesn't have the time to care about how to operate them.

In fact, the Italians did a very good job of secrecy. If it weren't for the British bankers who made a fuss later, Franz wouldn't have known that there was such a divine operation.

Fortunately, these guys know how to take care of themselves and know that they are asking for debt restructuring under the pretext of bankruptcy. If you pay the debt directly, you are dead.

Not everyone is a hairy bear, if you want to repay your debts this year, you must first see if you can resist the beating. Otherwise, if someone comes to collect debts, then cry slowly!

Don't expect anyone to come forward for this kind of obvious wrongdoing. Politics needs to be roundabout, and the master who is directly and hard will not be able to get mixed up.

In any case, there was no chaos in the Italian region, and Vittorio Emanuele III also contributed greatly. If he hadn't taken the lead in getting a sum of money from the British, the situation would have been much worse now.

If someone takes the lead, there is no fear that no one will respond. Now that everyone is short of money, it is a sum of money that can be saved, even if it can only be borrowed temporarily, and it will continue to be returned in the future, which can also solve the urgent need.

In order to reduce fiscal spending, governments have turned their minds to their monthly debt payments, and one by one they have declared bankruptcy.

Not only the British bankers were trapped, but all the bankers who lent them money were all trapped.

If the government is bankrupt and wants them to continue to fulfill their debts, let's talk about debt restructuring! For these "bankrupt governments", it doesn't matter if they can talk about it or not.

Negotiation means that the debt expenditure can be saved, and the worst can be deferred; If you can't talk about it, you will continue to play dead, anyway, those who owe money are not in a hurry, even if there is collateral, there is no way to cash in on this situation.

Those who are bankrupt are cheating, and those who are not bankrupt are not much better. It's not that you don't want to go bankrupt, it's that you can't go bankrupt.

For example, Spain is now at war with the Japanese, and the government is bankrupt, isn't that a serious blow to our morale?

Another example: the Russian Empire, the tsarist government has gone bankrupt several times in recent years, and it has long been on the blacklist of capital, and now the biggest creditor is the HRE. The borrowing is not usury, and considering the relationship between the two countries, even if it is a good debt, the tsarist government is embarrassed!

One by one, they all learned to play scoundrels, and they couldn't see the slightest bit of discipline, and Franz could only lament the moral corruption and the declining world. If it goes on like this, then there will be no play.

It has not just been reported that the Vienna government wants to create 3 million jobs to help the younger brothers solve the problem of unemployment in the country.

The Holy Roman Empire is the boss of the European continent, and as the leader of the European world, patronizing his own little brother is really too unrecognizable.

If the European continent is in chaos, will you, the boss, be able to please him? Therefore, to solve the problem, we must not be limited to one place, we must also help together, and only if everyone is good is really good.

From the European Economic Summit in Vienna, Franz has been convinced, who made him internationalist?

"How much money do you need to invest, have you calculated it?"

Franz asked.

The spirit of internationalism also needs to be supported by money. It's the age of the gold standard, and the "good old days of releasing water when you don't have money" are unimaginable.

Even though HRE is the world's largest gold producer and the world's largest economy, Franz did not dare to print bills wantonly.

Prime Minister Karl shook his head: "There is a serious discrepancy between the information provided by governments and the information collected by the intelligence services, and it is not clear for the time being whether the information collected by the intelligence services is one-sided, or whether the bureaucrats of various countries are concealing the crisis."

In addition, there are many uncertain factors, such as when the war between Japan and Spain will end, whether the revolutionary wave will rise again, etc., these uncertain events may increase the cost of bailing out the market.

According to the most optimistic estimates, at least 800 million yuan will be raised to survive the economic crisis. In a worse case, it could cost 1.2 billion dollars.

Our ring railway plan and the construction of supporting facilities alone will cost 270 million Aegis, plus other small projects, and about 400 million Aegis will be needed to stimulate the economy.

Although the 3 million jobs plan that has been approved has been paid by the noble lords, the government still has to invest 120 million Aegis, which is mainly used for policy subsidies, personnel training management, travel expenses and other expenses.

Fiscal Loan ......"

Listening to the Prime Minister's answer, Franz's brow furrowed even tighter. It is impossible to be considerable, and Franz knows best what kind of creature the bureaucracy is, and deception is only a basic operation.

If the ruler is clear, even if there is something to hide, it is within the controllable range; If corruption is serious and officialdom is corrupt, then it will be a bad thing, and they will not only be able to conceal the crisis, but also artificially create a bigger crisis, commonly known as "officials forcing the people to rebel". Most of the uprisings are due to these guys.

It is a pity that there is such a corrupt empire in the continental union. The two teeth bear the brunt of this, plundering a huge amount of wealth from the colonies every year, and as a result, the domestic economy is still in shambles. At first glance, you can see that it was the scene of the last years of the dynasty.

As for the Russian Empire, it has not yet reached that point. After the reforms of Alexander II, the Russian Empire in the era of Alexander III survived.

In Franz's view, the biggest uncertainty was not the Spanish-Japanese War, which was thousands of miles away, but the two fangs, which could break out at any time, and France, the defeated country.

It is said that the existence of bombing will be fried, and if you are not careful, Western Europe can change color. So even though France did not attend the economic summit, the Vienna government still set aside 100 million yuan for them to bail out the market.

Looking at each country individually, the funding gap is not large, but there are many member countries of the European Continental Union, which together is an astronomical amount.

The purchasing power of the Aegis in these years is very high, and the "1.2 billion Aegis" is equivalent to the total financial revenue of European countries in two years at its peak.

With such a large sum of money, it is pressure on anyone. No way, who let a big war just break out on the European continent?

Even after two years, the major belligerents still have not come out of the shadow of war. None of the Vienna governments, including the Vienna government, are now able to break even.

In a sense, this continental economic summit was forced out by "money". Now that the capital markets have deteriorated, governments are facing difficulties in financing and have to turn to the Vienna government for help.

Somewhat similar to the original plane, it is difficult for everyone to raise funds during the economic crisis, but the US government debt is still easy to sell. Even if the old and special nervous India, the dollar is still strong in the capital market.

The situation is similar now, the HRE is almost able to play the role of the Americans, although not the only world hegemon, but the "Aegis" has become the main settlement currency of the European continent along with "gold".

Against this background, the Vienna government, with its strong family and large collateral, naturally has a strong reputation in the capital market.

For example, in the Russian capital market, government bonds issued by the Vienna government are better sold than those issued by the tsarist government. Even if the interest on the HRE national debt was one-third lower than that of the tsarist government, it still could not stop the enthusiasm of the Russian people.

If it weren't for the fact that there was also a sea hegemon Britain in the eye, Franz would have been able to live that kind of "Indian-Indian" life. The times are different, and it is impossible to print like Lao Te, but it's not too much to print one or two hundred million more, right?

In fact, Aegis has long since begun to over-issue. It's just that I don't dare to add hundreds of millions at a time, but I still have to print an extra 8 million every year.

This little bit of water is sprinkled out and dried in the sun. It is difficult for professionals to find that it will not be able to stir up waves when it is put into the capital market.