Vol 4 Chapter 33: , Handling the Greek debt crisis

It’s easy to send people away from the island. Except for Crete, which has a slightly larger population, most of the other islands have only one thousand and eight hundred people. One boat can do it. More than two hundred islands add up. There are less than 100,000 people!
But the Greek peninsula is a problem. Even Ferdinand on the Peloponnese did not dare to act rashly. After all, there are hundreds of thousands of people on it?
If there is too much movement, it is estimated that the powers will not agree to it. Why does the Greek government still owe a huge foreign debt? If everyone runs away, who is responsible for paying off the debt?
Unless the Bulgarian government can pay all the foreign debts of the Greek government at once!
As Bulgaria took over Greece, the powers of the major powers also began to withdraw from the Greek peninsula, but the rights and interests of the powers must be guaranteed. This is a precondition for the powers to withdraw!
Simply put, now the debt of the Greek government has been weighed on Bulgaria, and the Bulgarian government has guaranteed their repayment ability!
Of course, this guarantee is limited, limited to the Greek government's annual payment limit, which will not be lower than now, and priority will be given to satisfying the major powers!
This is not to say that Bulgaria must ensure that the Greeks can pay off their loans immediately. After all, the Greeks’ loans are basically due, and the Bulgarian government will not be able to provide such a large amount of money at one time!
Therefore, the Greek government must exist. No matter what method is used, Ferdinand will let the Greek government bear it. It is impossible to pay the debt for them!
Eighty to nine million pounds is not a small number, it is equivalent to Bulgaria's fiscal revenue for one year, so it can only be the Greeks themselves!
Oh, this is also a measure by the great powers to restrict Bulgaria from annexing the Greek peninsula. After all, if you spend so much money at once, the Bulgarian exhibition will also be interrupted. If you can interrupt the Bulgarian exhibition, it will make a lot of money!
...
The problem now is that Ferdinand hopes to pack away the Greeks. After all, the location of the Greek peninsula is very important to Bulgaria, and Ferdinand cannot give up!
Especially in the future, if anyone installs several missile launching devices on the upper part of the peninsula, then the whole of Bulgaria will be covered by firepower, and there will be no national defense security at all!
It is easy to annex the Greek peninsula, but it is difficult to assimilate the Greeks on the island! After all, Greece is also an ancient nation with thousands of years of cultural heritage. Unless Ferdinand kills and kills one million or eight hundred thousand people, ethnic integration is a dream!
It is very contradictory to let the Greeks get out, but also to make the Greek government pay off the debt! Unless Bulgaria helps them move the country and find a good place, they still cannot afford the debt!
This is obviously impossible. This kind of good place in this era has long been divided up by the great powers. Even if Ferdinand has taken it by himself, where will it be given to the Greeks?
"Your Majesty, what should the Greek government do with the loan?" Constantine asked embarrassedly
In fact, the Bulgarian government has been discussing this issue for a long time, but there has been no result!
After thinking for a while, Ferdinand sneered and said: "Let the Greek government declare a debt failure! We only promised to provide guarantees for the loans of the great powers, but the debts of the Greek government have nothing to do with us!"
Oh, this is the most effective way Ferdinand can come up with! Of course, once this news is announced, the credit of the Greek government will be wiped out!
But what does this have to do with him? Anyway, the money owed to the individual and the money owed to the consortium are not a concept at all!
At least the consortium has a spokesperson in the government, can influence politics, and has the ability to collect debts! But ordinary people? They have no right to speak in this era!
Originally, international debt is a risk investment. Although it has high returns, it may lose its money at any time!
Oh, in this way, it is the capitalists in Greece who are the most miserable! Government debts are not a small number, and white paper does not only exist in the Eastern world, it also exists in the Western world!
Some things like defaulting on the project payment, paying part of the money for the purchase of materials and dragging it out for a few months to settle the account, or the officials went out to eat for nothing, and wrote down the IOU afterwards, and the debts issued by the Greek government. Scrapped!
As soon as this news comes out, it is estimated that many interest groups in Greece will be crazy about it!
After hearing Ferdinand’s words, Constantine looked happy. This way, the debts of the Greeks can be reduced by at least one third, which undoubtedly reduces the risk for the Bulgarian government!
As for the credibility of the Greek government and the interest groups whose interests have been damaged because of this, what does it matter to him? Does Bulgaria still have to take into account their feelings?
Ferdinand added: "Oh, by the way, the Greek government can also reduce spending. After all, they have so many debts. If they don't work hard, how can they be paid off?
As the sovereign nation, we also have an obligation to help them pay off their debts as soon as possible! We will take care of their national defense and security for them first. You can remember the cost first and pay them back when they have money!
In this way, apart from the five hundred guards of George I's guards, the Greek army will be dissolved!
In this way, how can we save an annual cost of 1.8 million pounds!
In addition, the government can also abolish some unnecessary departments. You see that their finances are so difficult now. Non-essential departments such as the Ministry of Foreign Affairs, the Ministry of Education, and the Ministry of Agriculture can be eliminated!
In short, you can figure it out! As long as the institutions are not essential, they are all abolished first. Assets owned by the government can also be sold as soon as possible, so as to obtain cash as soon as possible, and strive to pay off debts as soon as possible! "
Oh, the powers are already ruthless enough to reduce the Greeks' military expenditures to a very low level. Only the expenditure of a Bulgarian infantry division. Ferdinand is even more ruthless this time, so they lost it!
If it hadn't been for maintaining the divinity of the monarchy and preserving the face of King George I, it is estimated that Ferdinand would not even leave the five hundred guards for the Greeks!
Seeing Ferdinand talking so righteously and awe-inspiringly, it was a look that I was doing for you all, Constantine was a little stunned!
But Constantine is also an old fritters in the political arena, and he quickly reacted. He knew very well that the Greek government had to pay off its foreign debts, and he had to do this!
Even if the individual creditors choose to fall back on their debts, the debt of the Greek government is still as high as 50 or 60 million pounds, and the fiscal revenue of the Greek government before the war is only about 40 million pounds. Excluding the government's daily expenses, even the interest is not enough!
Needless to say, after the war, so much land was cut off by Bulgaria, and it was affected by the war. Thank God for being able to keep the financial income of 30,000 pounds!
The unscrupulous Constantine suggested: "Your Majesty, in addition to reducing expenditure, I think the most important thing is to help the Greek government increase revenue. The current tax system of the Greeks is too messy, and we need to help them rectify it.
If they work hard, their fiscal revenue may be doubled! "
This time it’s Ferdinand’s turn to wonder. Given the current situation of the Greeks, can fiscal revenue be increased substantially? Are you sure you are joking?
After thinking about it, Ferdinand decisively rejected Constantine’s proposal:
No, if the levy is excessive, the situation on the Greek peninsula will immediately fall into chaos. Originally, after the armistice treaty was signed, the Greek peninsula was a little unstable. We can't add fuel to the fire!"
Constantine smiled and said: "Your Majesty, the situation may not be that bad! Ordinary Greeks don't have much money, but there are also many rich people in Greece!
If it is only directed at them, coupled with the suppression by our army, it will not cause much trouble!
And we can use the system of continuous sitting, one person commits a crime, and the whole family is exiled! If there is a major riot, we estimate that hundreds of thousands of people can be exiled! "
After listening to Constantine, Ferdinand nodded. If only one percent of the people were targeted, it is estimated that most of the Greeks would gloat!
After all, the bourgeoisie and landlord class of this age really have few good things. Under normal circumstances, the hatred of the Greek people towards them is still higher than that of Bulgaria!
After all, these people have crushed them for a lifetime, and although the Bulgarian army occupied Greece, they neither robbed them nor collected their taxes!
There is no pain on the skin, in the hearts of ordinary people, the hatred of national justice is really not so unforgettable!
Ferdinand thought for a while and said: "Well, tax collection is okay! But the Greek government must do it itself. We can't directly intervene. In addition, the main purpose is to take the opportunity to attack those who are hostile to us, and to find partners to support us!
It is even possible for the Greeks to restore the taxation system, divide the districts, and directly contract the tax collection tasks to the capitalists. They are professionals in this regard!
At the same time, we must pay attention to the social dynamics in Greece, especially the supervision of public opinion. Any comments that are unfavorable to us must be immediately put out!
All persons involved in the case were executed! And one person must be involved in the case, and all possible related persons of relatives and friends will be exiled to Syria!
Also, once a large number of civilians go bankrupt, immediately find a way to get them to emigrate to Syria! "
Use heavy codes in troubled times!
Ferdinand has already thought about the tragic days of the Greek people in the future, because these policies are formulated to reduce the population on the Greek peninsula as much as possible and force them to emigrate to Syria!
Especially after the implementation of the tax package system, the capitalists can do anything for the benefit of the capitalists. It is estimated that in the future Bulgarian mines will add a large number of Greek laborers!
After thinking about it for a while, Constantine said with a righteous expression: "Okay, Your Majesty! I have noted all of these. When I look back, the cabinet will help the Greek government formulate a practical policy plan to help them get rid of the debt crisis as soon as possible!"
Well, Ferdinand wants to say: Everyone is his own, there is no need to continue acting!
I completely forgot, he is also acting!
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