The news of another revolution in Paris spread, and the whole European world was stunned. First the revolutionary party revolutionized the life of the Bonaparte dynasty, then the radical wing of the revolutionary party revolutionized the life of the revolutionary government, and now it is not known which party is revolutionizing the life of the radical government.

If you count the royalist coalition outside the city, France has already gathered all the people of this era. It takes a lot of effort to write news reports, let alone ordinary people who eat melons.

Ordinary people can watch the excitement, and politicians will have to be busy. The situation has reached such a point that this year's war reparations will definitely not be a matter of thought.

No matter which government comes to power, it won't be able to make money for a while. Counting on the reparations of the French, the country that subsidized the family is now completely in vain.

At the Vienna Palace, Franz, who had just reached a compromise with Belgium, was now troubled and happy. There is no way, more and more people have come to borrow money recently.

If it is an ordinary commercial city loan, then it is simple to help introduce the bank directly. As long as they could afford to pay the interest and had sufficient collateral, the financial system of the Holy Roman Empire would be able to finance them for them.

With the defeat of France and the decline of Paris, the financial center of the European continent became Vienna-Frankfurt.

Finance also needs to be linked to politics. After the end of the European War, Britain and Austria engaged in secret negotiations on the international situation and post-war reconstruction.

The results are self-evident, and if you look at the organizational structure of the continental alliance, you can see that if the two sides negotiate, Britain will not be excluded from the alliance.

There is no doubt that this is a lose-lose outcome. Britain, which has been excluded from the circle, has fallen to its lowest point in continental Europe. Except for a little influence over the maritime countries, the mainland countries don't buy their accounts now.

The Holy Roman Empire was victorious politically, but economically it was hit in the face. Not only did the plan to raise funds in London go bankrupt, but even Aegis was run on, and the value of the currency plummeted by five points at one point.

Just being beaten and not fighting back is not Franz's style. The British ran on the Aegis, and the Vienna government launched a-for-tat attack on the pound.

Both were on the gold standard, and then an interesting scene arose. On the one hand, he exchanged the Aegis from the HRE for gold and shipped it back to the British Isles, and on the other hand, he used the British pound to exchange the gold from Britain and transport it back to the HRE.

Both of them are big countries with gold reserves, and they have tossed back and forth many times, and the people who eat melons are all stunned, and in the end, no one can help anyone.

Of course, this was on the surface, but in reality the Vienna government suffered. The financing plan failed, and the value of the Aegis currency was stabilized, so the government could only tighten its belts to get by.

As a result, the progress of post-war reconstruction in Lorraine, Alsace and other regions has been affected. The eldest is uncomfortable, and the younger brothers are even more uncomfortable.

Of course, it's not that financing is impossible. Although the British government is unhappy with everyone, the British consortium still welcomes the God of Wealth. It's just that the interest rate is so much higher than normal.

Regardless of whether other countries could accept it, the Vienna government would rather tighten its belts than borrow from the British usury.

The hard times are temporary. Capital is profit-seeking, and no one wants to give up the big cake of European reconstruction. Even if the British government does not support it, it cannot stop the determination of the capitalists to make money.

In particular, the capital that had flowed into the London market from the European continent began to flow back to the European continent first, passing through the two major financial markets of Vienna and Frankfurt, and entering the post-war reconstruction project.

Although money is available, not everyone can borrow it. In a sense, in the capital market, countries and individuals are "the strong are always strong, and the weak are weaker".

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

The Vienna government, which has a strong family background, is naturally a high-quality customer of the capital market, and Belgium, Sardinia, Lucca, Tuscany and other countries are tragic, and their own credit is not enough, and they cannot get enough collateral, so financing is in trouble.

One or two Franz were happy to show the spirit of a big brother, but now as soon as they rushed up to borrow money, Franz had a headache.

In fact, this is not the first time countries have borrowed money. From the beginning of the war against France, these little brothers were basically raised by the Vienna government.

It's not that I don't know, but I'm shocked. These small countries are all billionaires, judging from their economic situation, let's wait for the next century to repay the loan!

If that's all there is, it's not unacceptable. There are good political returns, and a long payback time is not a big problem.

The key is that economic development needs direction, and post-war reconstruction is not just about money. Although Belgium has suffered heavy losses, its industrial foundation is still there, and as long as there are funds, it can recover quickly.

This Italian state is really tragic, if you want resources, you don't have resources, you want industry, even if you develop agriculture, it is still a hanging existence, and the most important thing is that the limited land cannot support so many people.

Originally, when they were mixed with the French, except for a small number of handicrafts, they mainly played the role of a commodity sales market and labor export.

With the collapse of the French Empire, so did this fragile industrial chain. The Holy Roman Empire only needed a market for the sale of goods, but it did not need this labor.

No matter how cheap it is, it is useless, the current economic development has not yet reached that point, and the number of jobs that can be created in society is limited.

The only option left for them is to use cheap labor to develop labor-intensive industries without technological content, so as to promote domestic economic development.

The problem is that Franz knows that it is useless, and the rulers of various countries must understand it themselves, so that they can formulate reasonable economic development policies in light of their own actual conditions.

However, the most common people in this world are people who lack self-awareness. None of the seven Italian states came to the right level.

Guys with low eyes and masters, who think they are smart, have kept up with the trend of the times, and have played with high-tech such as electricity and internal combustion engines as soon as they come up, and even top projects such as airplanes and battleships have been dared to be approved.

Well, this is the Franz pot. The Vienna government has long regarded the power of science and technology as a national policy, and now it has become a social consensus, and even the younger brothers have been affected.

It cannot be said wrong, the problem is that the development of science and technology also requires an industrial base. There is no foundation, and as soon as you come up, you will rub to the forefront, and you will fall to death.

I finally borrowed money, but it was wasted by these guys with low eyes. The backward production capacity that the Vienna government intends to eliminate is the first to jump out and take over, which is actually Belgium with the best industrial base.

The younger brothers are not worried, and the old nature is going to have a headache. No one's money is blown by the wind, and according to their tossing method, there are no billions of dollars to see the results at all.

With so much money, isn't it good to keep it for yourself? Whoever is so brain-dead has to be lent out to play for a while.

Advice is contrary to the ear, but it does not necessarily work. Franz didn't think that he would be able to wake up these guys who lacked social beatings by reminding him, and he would naturally not do such a thankless thing as persuading everyone to return to the right path.

……

Franz: "What would be the impact if we refused to lend them money?" ”

Foreign Secretary Wessenberg: "The diplomatic impact is not great, the French civil war is about to end, the situation in Europe is basically stable, and a little turmoil does not affect the international situation."

The present situation in the countries of Arisardia, Lucca, Modena, Parma, Tuscany, the Papal States, and the Two Sicilies justified the refusal to grant them loans. ”

No one stipulates that the eldest must raise the younger brother. The Vienna government did not take anything from the countries, but helped them gain independence and provided them with large sums of money, and did enough.

If anyone feels dissatisfied and wants to win Longwangshu, then he has to ask the iron fist of the empire whether he agrees.

If you want to jump to the bottom, first ask which country dares to accept them. The current situation on the European continent is very clear, that is, the Holy Roman Empire is the only one, and if you reach inside, you will be ready to have your claws cut off.

Reinhardt, Secretary of State for the Economy: "The economic problems are very big. In fact, the supply and demand problems in the capitalist market have long been in question, but the crisis has been delayed by the war on the European continent.

The current market boom is just a huge bubble built on the dividends of war, and a problem in any place could cause the bubble to burst.

Without loan support, the economy of the Italian region would soon collapse. It is likely to be the trigger for a crisis and detonate the economic crisis that is brewing. ”

No one expected an economic crisis, it was impossible. In fact, every economic crisis is preceded by signs and signs. The first reaction of those in the know was not to issue an early warning of a crisis, but to retreat first.

In fact, it is useless to issue early warnings. The market always needs to take over, and the bursting of the bubble will definitely bury a large group of people, and what can be changed is nothing more than who is buried.

The Great Depression after the Great War was itself a natural law of the economy. Now there is no Great Depression, mainly the economy of the Holy Roman Empire has been propped up.

However, this support is also risky. Just like a cancer in a human body, the longer it stays, the greater the damage it will bring.

There is no way, some things have to be carried to the death. Having just become the hegemon of the European continent, the Vienna government also needed time to consolidate its position.

It just so happened that a dark war broke out with the British, and if an economic crisis broke out at this time, the hegemonic prestige that the Holy Roman Empire had managed to fight would be diluted.

Perhaps sensing the danger, the Gladstone government wanted to get out of the way, not wanting to detonate the crisis at the end of its term, and after a tentative wave, it decisively withdrew.

After hesitating for a moment, Franz said slowly: "That's it! Sooner or later, it will come to this point, and there is no need to hold on.

Tell governments that if they want to get loans, they have to come up with a sound economic development plan to convince the banks that we can't afford to continue to guarantee them. ”

Frankly, Franz was the last thing he wanted was an economic crisis. As the world's largest economy, the Holy Roman Empire alone accounts for half of the capitalist world economy.

In the event of an economic crisis, the Holy Roman Empire would certainly suffer the heaviest losses. On the contrary, which economically backward feudal agricultural countries were relatively less affected.

However, there is no way, and there is a certain limit to relying on the power of the government to delay the outbreak of the crisis. No one knows when this cancer will be detonated, and instead of waiting for others to detonate, it is better to take the initiative to puncture it yourself, and you can still grasp a certain initiative.

As for the diversion of the crisis, it is natural to do it. The problem is that today is different from the past, and the Holy Roman Empire has such a large economy that even if it is transferred, no one will be able to take it.

As a continuation of the European War, it should have broken out as early as the end of the war. It is not easy to be able to drag it out until now.

Even if the government intervenes in the economy many times, the crisis is still a crisis, and it will not disappear with a few executive orders. In short, this bitter fruit Franz had to swallow.

The only difference is that this time it is not simply overcapacity, but the uneven development of various industries. Mainly affected by the war, the development of industries related to the military industry was excessive.

The free elimination of the market is an economic crisis, and smart people have long earned enough and retreated from related fields. Now the remaining receivers are still dreaming of making a fortune, and they all fantasize about the French Civil War or the expansion of the Spanish-Japanese War.

I don't know if I can get rich or not, but it is impossible for the war to expand anyway. Neither London nor Vienna was ready for war.

War is not a child's play, unless it is forced into a corner, otherwise there is no certain certainty, who would be stupid to start a war with a big country?

Britain and Austria do not directly turn their faces, and no matter how much the proxy war is fought, the scale will not be much larger. It's not easy to help clear the inventory, so if you want to make war money, go home and wash and sleep!

……

Foreign Secretary Wesenberg: "Your Majesty, although the war between Japan and Spain is still in a state of scorching, the present situation shows that the hope of victory for the Spaniards is very slim.

According to the information from the governor of Nanyang, since the outbreak of the war, the Spanish expeditionary force has lost 27,000 men, including 3,400 navy, while the Japanese have lost 39,000 people, including more than 5,700 naval officers and men.

The Spaniards had an advantage in the exchange ratio, but this advantage was not obvious. The Japanese occupied a geographical advantage, and their army was replenished much faster.

If there were no major changes on the battlefield and continued like this, it would only be a matter of time before Spain was defeated. ”

The exchange ratio was superior, not because the Spanish army was more capable of fighting, but mainly because of the gap in weapons and equipment. If the technological gap between the two warships is ten years, then the gap in the armament of the army is an era.

was able to lag behind an era in weaponry and equipment, and played a record of almost 1.4:1, Franz was a little skeptical that the Japanese were not hanging.

The Spaniards also did their homework, and the European Continental Union imposed an embargo on supplies to the Japanese early on, even if someone smuggled weapons and equipment into the hands of the Japanese army, not too much.

Franz had a say in this, but the navy of the Holy Roman Empire often checked posts on the Suez Canal, the Strait of Malacca, and other major maritime communication routes, and the smuggling arms ships were almost cold halfway through.

Even if you can get equipment from the British, the king of army equipment in this year still depends on the HRE Empire, followed by France, and the weapons and equipment of the lobster soldiers are really not very good.