Holy Roman Empire

For example: Some lords enacted the "Usury Debt Exemption Law", and they directly stipulated in the legal situation that all commercial loans with a loan interest exceeding 8% were not protected by law.

It fully complied with the spirit of the Constitution of the Shenluo Empire, except that one of the usury identification standards was removed, and then the standard usury interest rate dropped from 48% to 8%, legally repaying the debt.

As for the spirit of the contract, that can't be eaten as food.As long as you let go of your integrity, the capitalists will have nothing to do with these princes and kings who can make rules.

learn from mistakes.With the lessons learned from the blood of the martyrs, the bankers have learned to be smart, and they have included these princes and kings in the loan blacklist early.

Even if commercial banks really want to lend money, they have to go back to the mainland to sign the loan contract, and even the collateral must be in the mainland, because they are afraid that these guys will not be able to repay the debt and throw the table.

Excluding potential political benefits, low-interest loans can actually be profitable, but this time period needs to be extended to 30 to [-] years, or even longer.

Royal Bank does not accept personal business loans, and it is not that it does not accept personal deposits.Don't look at these aristocratic lords who are poor now, but once the territory develops, all of them will be big local tyrants in the future.

With the deposits of these people, the Royal Bank will be the bank with the most abundant cash flow in the world in the future, bar none.

Otherwise, the two-point loan interest ghost ability, especially if you have to open branches in the colonies, even with the support of the central bank, it is a proper loss-making project.It is the same to push the political benefits to the state-owned banks.

According to the Royal Bank's public financial report, only overseas colonial branches are operating, and they lose millions of Aegis every year.

If it were not for value-added services such as agency bond issuance and listing and financing for companies, this top ten bank in the world would have occupied the top of the World Bank's loss list for many years.

Making money has the benefits of making money, and not making money also has the benefits of not making money.A royal bank that is not profitable and often loses money has also gained a lot of reputation for Franz.

Even though the bank's asset scale has been expanding since its establishment, because of its non-profitable nature, people can't even feel jealous.

Of course, this is just the opinion of ordinary people.The eyes of those who play finance have long been jealous. Only they know the potential benefits of having a bank with sufficient cash flow.

Jealousy is useless. On the surface, the Royal Bank is a charity. Once "profits" are generated, except for making up for the previous financial losses, the excess is used by the emperor for charity.

Compared with all banks on the market, Royal Bank is a model of conscience in the banking industry.All of this will be blamed, and other banks will not be able to survive.

In a sense, the Royal Bank also acts as an "intelligence organization", monitoring every move of the colony.

Although it is impossible to know what the nobles eat every meal, the general development of the colony can still be figured out.

Which ones are quiet, which ones are ambitious, which ones want to do something, is on record.

The prime minister can punt a boat in his belly, and Franz's mind is not bad.As long as these people don't challenge his bottom line, then the monarch and his ministers are compatible; if they cross the line, then no wonder he, the emperor, cheats people.

That's right, it's a scam.In the context of European society, as long as nobles do not commit major crimes, the emperor can do nothing about them.

Even for a powerful emperor like Franz, it is impossible to convict others before something happens.What the emperor can do is to wear small shoes for others, or dig a few holes in front.

Wearing small shoes for people is too untechnical, and it is easy to be criticized.In contrast, digging holes in the dark is much more comfortable.Many people fell into the pit and were buried without knowing who did it.

It's just that this kind of treatment is not something that ordinary people can enjoy. Ordinary minor nobles, unless they raise their flags to rebel, otherwise they won't be able to catch Franz's eyes at all.

Franz has seen many aristocrats who committed suicide, but he has never encountered one who directly raised the flag to rebel, and the most stupid one is to join the Revolutionary Party. "Princes and generals are kind to each other", this slogan is really not shouted.

In line with the concept of being helpful, Franz decided to help the younger brothers.Anyway, the colony is short of young and strong labor force now, and the nobles are about to fight to rob people.

Franz did not dare to absorb several million foreign immigrants at one time, but there is still no pressure to provide several million temporary jobs.

I'm not afraid that the nobles will refuse, the rare cheap labor, once you pass this village, there will be no such shop anymore.

Now is the worst period of the economic crisis, the average salary of European workers has dropped to the lowest point in ten years, and is still declining slowly.

Don't look at the fact that French mercenaries can get a high salary of almost 15 Aegis per month, but that is life-saving money during the war, and they need to fight with their lives.Even if ordinary workers go to the colonies, their salaries cannot be much higher.

According to the current market conditions of the labor market in continental Europe, hiring a young and strong labor force to open up wasteland in Africa can be done with 5 Aegis per month including food and housing.

Considering the uneven income of people in various countries, some poor countries can also hire people as long as they provide simple board and lodging and a monthly salary of 3 Aegis.

Such cheap labor is completely unimaginable in the Holy Roman Empire. If the salary is not doubled, it is a joke to hire people.

Affected by the Great Immigration Policy, unknowingly, the labor cost of the Shenluo Empire has climbed to the highest in continental Europe, keeping pace with Britain.

"Cheap" labor, that has become history.If it weren't for the industry of the Shenluo Empire to develop, the high labor cost alone would be enough to kill all labor-intensive industries.

The cost of labor is determined by the economic level and the relationship between supply and demand in the market. The labor cost in Shinra is high, and the labor cost in the colonies is even higher.

Without a high salary, who would want to go to the poor land?

Chapter 20 Forced European Economic Summit

In order to quell the wave of revolution, stabilize the situation in continental Europe, and revitalize the European economy, the European Union decided to hold the European Economic Summit in Vienna.

Strictly speaking, this can only be regarded as the European Union economic summit.Only members of the Continental Union attended the meeting, and Britain and France were excluded from the invitation list.No reason is needed, I just don't want to play with them.

At this time, the European Economic Summit is held, and all countries are forced to do nothing.After the outbreak of the economic crisis, everyone's economy has been hit hard. The more economically developed the country, the greater the impact.

Because of the lack of experience in dealing with the crisis, the governments of various countries did not take timely actions, so that the crisis expanded and social conflicts rose sharply.

After the wave of revolution rose, in order to stabilize the domestic situation, the governments of various countries offered "relief methods" one after another.

The effect of the "Relief Dafa" is very obvious. After being able to barely fill their stomachs, the momentum of the Revolutionary Party quickly withered. The only disadvantage is that it is too expensive.

Originally, there are many poor people in the European Union. In the economic crisis, the fiscal revenue of the governments of various countries has been greatly reduced. At this time, it is necessary to use money to "relieve" the unemployed, which is a test for the finances of all countries.

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

Needless to say, Shinra has a solid family background and took the first countermeasures to stabilize the domestic real economy. Now the most dangerous time has passed.

Both Montenegro and Amelia are agricultural countries. If the handicraft industry is also counted as industry, their industry will account for about five or six percent of the national economy.Such an economic structure naturally does not qualify for an economic crisis.

Although the Netherlands and the Nordic Federation did not participate in the European war, they were indeed beneficiaries of the war.He had just received a sum of money from the war, and his family background was not bad, so the government should save a little in other areas and just tighten their belts.

The rest is hard work.The tsarist government has never been rich, and the war wealth generated in the European war was not enough to fill the holes in the Anglo-Russian war. Now it has suppressed several waves of revolutions in the country, and the treasury can run mice again.

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

Everyone knows that once bureaucrats lose their restrictions, no amount of fiscal revenue will be enough for them to squander, so it is not surprising that the Portuguese government has gone bankrupt.

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

As for Greece, it is a country capable of driving creditors mad.Since their independence in 1832, they have had more than a dozen financial crises, on average, every three to five years, and they must be bankrupt.

Of course, this is also due to the fact that the two major creditors, Britain and France, are too dark.If everyone is as conscientious as Franz, the chance of financial bankruptcy is probably much smaller.

So far, ten countries in continental Europe, including Greece, Belgium, Switzerland, Portugal, and Sardinia, have declared bankruptcy.Also on the brink of bankruptcy are the Papal States, Spain, and Russia.

There is no doubt that such a large-scale collective bankruptcy is definitely not normal.You must know that the Vienna government issued loans to everyone not long ago. No matter how difficult the finances of the countries are, they will not collapse so quickly.

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

Now that geopolitics has determined the pro-Austrian stance of European countries, Britain, which has been excluded from the outside world, will naturally not put a hot face on a cold ass, and diplomatic relations have weakened.

After the outbreak of the economic crisis, financial crises broke out in European countries one after another, and the British bankers naturally would not miss this opportunity to take advantage of the fire.

Greed is what leads people astray.It doesn't matter if you take advantage of the fire, the key is that in the face of interests, the bankers did not adjust their mentality in time and were still immersed in the glory of Britain.

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

However, as the economic situation continues to deteriorate and the wave of revolution continues to rise, the cruel reality of lack of money in their pockets has overwhelmed everyone's fear of the British.

Naturally, one would not dare to renege on debts, but one would still dare to find an excuse to postpone repayment of debts.Anyway, the British government doesn't give them low-interest loans. The loans from commercial banks are all usury loans, and now they can't pay them back even if they want to.

There has never been a shortage of warriors in this world. Perhaps it was the period of house arrest in London, or perhaps the thrilling escape route, which left a shadow on Vittorio Emanuele III.

Vittorio Emanuele III, who was driven crazy by finances, did a cruel thing under the trend of hatred.First, they frantically borrowed from British banks, and immediately declared the government bankrupt after receiving the money, demanding debt restructuring.

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

Franz didn't know exactly how it was done. Anyway, the final result was that they did it. Several Italian states just tricked them into getting 3000 million pounds from the British.

No wonder the six Italian states declared bankruptcy almost at the same time, clearly colluding in advance.Because they were not brave enough to hack the British money directly, they used bankruptcy as an excuse.

As for another participant, the Papal States, they did not declare bankruptcy, because they had religious protection.

As long as he can let go of his integrity, the Pope can do many things. "Bankruptcy" is too embarrassing. As a servant of God, everything belongs to God, so the servant's debt can also be regarded as God's debt.

It's a bit of a rogue to do this, so let's paraphrase the most popular saying in the Middle Ages: "Usury is the ugliest and most heinous crime in the eyes of God".

If you are a devout believer in God, you must lower the interest rate.Faced with such unreasonable existence, it is estimated that most bankers will have a headache.

……

These are all Franz's brain supplements based on the information in his hand. He has no time to care about how to operate it.

In fact, the Italians have done a very good job of keeping it secret.If the British bankers hadn't started making trouble later, Franz wouldn't have known that there was such a magical operation.

Fortunately, these guys know how to measure and use bankruptcy as an excuse to demand debt restructuring.If you directly renege on the debt, you are committing suicide.

Not everyone is a bear. If you want to renege on your debt these days, you must first see if you can resist being beaten.Otherwise, if someone comes armed to collect debts, then cry slowly!

Don't expect anyone to come forward for such an obviously unreasonable matter.Politics requires detours, and those who directly argue hard will not be able to get along.

In any case, the Italian region is not in chaos, and Vittorio Emanuele III also contributed a lot.If he hadn't taken the lead in getting a sum of money from the British, the current situation would be even worse.

If someone takes the lead, you are not afraid that no one will respond.Everyone is short of money now, saving a sum is a fortune, even if it can only be borrowed temporarily and will continue to be returned in the future, it can also solve the urgent need.

In order to reduce fiscal expenditures, governments of various countries have focused on their own monthly debt repayments, declaring bankruptcy one by one like going to a market.

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

The government is bankrupt, and if you want them to continue to pay their debts, let's talk about debt restructuring!For these "bankrupt governments," it doesn't matter whether the talks work out or not.

If the negotiation is settled, it means that the debt payment can be saved, and at the worst, the payment can be postponed;

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

For example: Spain is now at war with the Japanese. What does it mean if the government goes 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 was blacklisted by capital early on. Now the biggest creditor is Shinra.The borrowing is not usury, and considering the relationship between the two countries, even if it is intentional to renege on the debt, the tsarist government is also embarrassed!

Everyone has learned to be a rogue, and he can't see any morals. Franz can only lament the moral corruption and the decline of the world.If this goes on like this, there is no point in playing.

Didn't it just come out that the Vienna government wants to create 300 million jobs to help the younger brothers solve the unemployment problem in the country, and all of them have come together.

The Holy Roman Empire is the boss of the European continent. As the leader of the European world, patronizing its own younger brother, it is really out of the picture.

If the European continent is in chaos, can you please the boss?Therefore, in order to solve problems, we should not be limited to one place. If we want to help, we must help together. Only when everyone is good is it really good.

From the convening of the Continental Economic Summit in Vienna, we know that Franz has been persuaded by everyone. Who made him full of the spirit of internationalism?

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

asked Franz.

The international spirit also needs money support.Now is the age of the gold standard, and everyone dare not even think about the "good old days when you don't have money to release water".

Even though Shinra is the world's largest gold producer and the world's largest economy, Franz dare not wantonly print money.

Prime Minister Karl shook his head: "The information provided by the governments of various countries and the information collected by the intelligence agencies are seriously discrepant, and it is not yet clear whether the information collected by the intelligence agencies is one-sided, or the bureaucrats of various countries are concealing the crisis.

In addition, there are still many uncertain factors, such as: when the Japanese-Western War will end, whether the wave of revolution will rise again, etc. These uncertain events may increase the cost of bailing out the market.

According to the most optimistic estimate, at least 12 million funds must be raised to survive this economic crisis.If it is worse, it may cost [-] billion funds.

Our circular railway plan and the construction of supporting facilities alone will cost 2.7 million Aegis. Including other small projects, the country will need about 4 million Aegis to stimulate the economy.

Although the aristocratic lords pay for the 300 million jobs plan that has been approved, the government still has to invest 1.2 million Aegis, mainly for policy subsidies, personnel training management, travel expenses and other expenses.

Fiscal loans..."

After hearing the Prime Minister's answer, Franz frowned even tighter.It is impossible to be impressive. Franz knows best what a bureaucrat is, and deception is just a basic operation.

If the government is clear and bright, even if there are concealments, it is within the controllable range; if the corruption is serious and the officialdom is corrupt, it will be over. They can not only conceal the crisis, but also artificially create a bigger crisis, commonly known as "Officials force the people to rebel."Most of the uprisings are due to these guys.

It is a pity that there are such corrupt empires in the Continental Union.Liangya is the first to bear the brunt, plundering a lot of wealth from the colonies every year, and as a result, the domestic economy is still a mess.One could tell at a glance that it was the scene of the last years of the dynasty.

As for the Russian Empire, it is not there yet.After undergoing the reforms of Alexander II, the Russian Empire in the era of Alexander III survived.

In Franz's view, the biggest uncertain factor is not the Japanese-Western War, which is thousands of miles away, but the two teeth that may break out of revolution at any time, and the bitterly defeated country of France.

It's all about the existence of fried and fried, and the color of Western Europe can change if you are not careful.So even though France did not participate in the economic summit, the Vienna government still reserved [-] million rescue funds for them.

Looking at the funding gap of each country individually, it is not too big, but there are so many member states of the European Continental Union, and the sum is an astronomical figure.

The purchasing power of Aegis these days is quite leveraged, and "12 billion Aegis" is equivalent to the sum of the two years' fiscal revenue of European countries at their peak.

Such a large sum of money puts pressure on anyone.No way, who made the European continent just broke out in a war?

Even after two years have passed, the major participating countries still have not come out of the shadow of the war.Even the Vienna government is unable to make ends meet.

In a sense, this Continental European Economic Summit was forced out by "money".Now that the capital market is deteriorating, governments of various countries are facing financing difficulties and have to turn to the Vienna government for help.

It is somewhat similar to the original time and space. During the economic crisis, it is difficult for everyone to raise funds, but the US government's national debt is still easy to sell.Even with Lao Te's neurotic Yin Yinyin, the U.S. dollar is still strong in the capital market.

The current situation is similar. Shinra can almost play the role of Americans. Although it is not the only world hegemon, "Aegis" has become the main settlement currency of European countries alongside "gold".

In this context, the Vienna government, with its strong family background and many collaterals, naturally has a good reputation in the capital market.

For example: In the Russian capital market, the government bonds issued by the Vienna government are better than those issued by the Tsarist government.Even if the interest rate of the Shinra national debt is one-third lower than that of the tsarist government, it still cannot stop the enthusiasm of the Russian people.

If it weren't for Britain, the overlord of the oceans, who was eyeing him, Franz would be able to live that kind of "India" life.The times are different, and it is impossible to print like Lao Te, but it is not too much to print an extra [-] to [-] million, right?