Chapter 34 Financial War

Romania's announcement caused a stir with one stone, and everyone knew that this financial war had begun. The heads of the four major foreign banks in Romania are reporting to the country on the one hand, and countermeasures are also being considered on the other. Regardless of the countermeasures, the big four banks are now in an alliance. When the Romanian government issued an announcement in the morning, they reacted quickly and gathered in the afternoon to discuss a solution.

"Now it seems that the Romanian government must implement the law, and we are not afraid of them, it's time to give them a little bit of power." It was still Tiromotov who spoke first, and this incident had the greatest impact on him. The main reason is that the Russian economy is now too poor, and too much money has been withdrawn from the National Bank of Russia to save the domestic economy. At present, if the financial bill is implemented, it will be necessary to mobilize funds from headquarters to be able to maintain normal financial operations. This is also the reason why Tiromotov could not sit still at all.

"How much money do we all have left to operate now?" Ellison, as head of the Bank of England in Romania, asked the most critical question. "BNP Paribas has another £2 million in Romania." "The Deutsche Reichbank has £3.1 million left." "The National Bank of Russia has 1.7 million pounds left," finally Tiromotov, who usually screams the hardest, quoted a startling figure.

Hearing that the National Bank of Russia has such little money, everyone looks at Tiromotov. Tiromotov, who was staring at him, still said stiffly, "If you need to, you can mobilize 200 pounds from the country." The rest of the people did not answer his remarks about deceiving children.

Ellison mentally calculated, adding £2.6 million from the Bank of England, to a total of £9.4 million. It should be possible to start a financial storm against Romania, thinking of this, he persuaded Tiromotov. "We believe in you Tiromotov."

After calming the Russians a little, he continued, "Now it is necessary for all our banks to mobilize, first of all, not to lend to the small banks that do not obey us, except for particularly excellent assets, to sell them to the outside world, to suppress the Romanian national debt, and to stop lending to Romanian enterprises." In short, to suppress the Romanian economy, we must bring them to their knees, otherwise I believe that it will not be long before the head office will send someone to replace you, including me. ”

None of you are fuel-efficient lamps, and you are all experts in finance. You don't need too many detailed descriptions to know what you should do. After the four returned to the bank, it didn't take long for many Romanians to feel a counterattack from the foreign banks.

Valiochi, who has been having a headache lately, is now about to explode, and the source of his unease is still the National Bank of Russia. This morning foreign banks announced that they will now reduce their external lending due to the Finance Act. This made Wariochi, who was about to break the capital chain, feel deeply tired, and really wanted to sell the bank.

"Father, I went to visit Uncle Matos's house, and their factory can't borrow money now, and there is nothing they can do to help us now." When Wariochi felt overwhelmed, his son Wariochi Jr. brought back the bad news. Wariochi's last hope is gone, and it seems that he has no choice but to bow to foreign banks. Little did Wariochi know that there was bad news waiting for him.

The next day, Varioch came to the branch of the National Bank of Russia in Bachava. It was discovered that the carriage of Udel, another banker in Bachawa, had stopped at the door of the bank for a while. This discovery made Wariochi secretly anxious, and he still walked to the front desk with a quiet face. "Hello, I'm looking for President Millesiva, is he here?"

"Now the governor is busy, you need to wait for him."

"Okay, I'll wait next to you first, thank you very much, miss."

Wariochi sat down in a chair beside the aisle and waited. After waiting for a while, Wariochi saw that there was something to do at the front desk, so he got up from his chair and walked quickly to the door of the president, seeing that there was no one around, Wariochi put his ear to the door and listened carefully to the conversation inside.

"Mr. Udel, as I said, the bank can't help you right now." This is the voice of Governor Millersiwa. "I know, for the sake of our friendship over the years, can Millersiwa give me a suggestion that will help me." Udel pleaded as he played the friendship card, and after a minute it was estimated that President Millersiwa thought for a moment. "Well, Udel, I'll tell you the truth, you don't even think you can borrow money from foreign banks now. Now I can only find domestic banks, and there are nobles to try. ”

"Is there really no way at all, I am willing to be a loyal friend of the National Bank of Russia." Udel's undying voice came out, and it was also Wariochi's last hope. "Don't you see Udel, the bank doesn't need friends anymore. Until this financial war is over, you can't get any money, so it's useless for you to come to me. Governor Millersiva's cold words came out. Wariochi was disillusioned when he heard this, and there was no need to eavesdrop on what he said after that.

Wariochi didn't know how he got out of the bank, and when he returned to his carriage, feeling tired, he said hoarsely to the coachman. "Send me back." The carriage drove slowly on the way home, and Wariochi had nothing but endless despair in his heart. Looking out the window at the passers-by, Wariochi thought that when they found out they were bankrupt, they would angrily rush to their homes and take everything to meet their losses. If you don't want to see your family's reputation tarnished, you may need a rein to end your life. At this moment, Valiochi thought of death, and perhaps this was the way to escape.

Just when Valiochi was desperate to die, Edel was discussing them with the Prime Minister. "Now foreign banks are stepping up their efforts to push our local small banks to go bankrupt, which will kill a large number of banks. Most of the deposits in small banks are deposits from ordinary people, and the political situation will also be unstable, which is unacceptable. These foreign banks really have a good eye and know where to save if they attack us. ”

"But Your Highness's money in the Reserve Bank is now all fighting with them in the treasury and currency markets, and there is no way to withdraw the money." The prime minister also talked about the difficulties of the moment. Eder knew that this was the Prime Minister's concern for the royal family's funds, and that was what he wanted to do. "Okay, Prime Minister, I'll mobilize funds to integrate banks that are having difficulty."

The next day, all the Romanian newspapers published that the royal family would come up with funds to help the country's banks tide over the difficulties. This made the domestic banking community amazed, and when they saw the conditions, they were not so excited. The banks that received the help of the royal family were to be consolidated and all of them were consolidated into one large bank, which would be called the Industrial and Commercial Bank of Romania.

Wariochi also saw the news, which was a blessing in misfortune for him who was about to go bankrupt, at least their family could live a decent life. This is the only way for the small banks that are now in trouble.