Chapter 1028: Abnormal commercial loan

Every huge loan cannot be finalized in a few words. In addition to the exchange of political interests, it was accompanied by a series of risk assessments and detailed negotiations.
Commercial loans are not the same as pure policy loans.
Pure policy loans are fully covered by the government, and banks only lend money on their behalf, without considering risks and benefits. Commercial loans are different. Even if the government provides guarantees, they are limited to the principal part.
Regarding the specific benefits and risks, commercial banks still have to send their own personnel to make assessments. In theory, as long as the bank believes that the risks outweigh the benefits, the loan will fall through.
From this perspective, even if the Vienna government agrees to grant this loan, it is still unknown whether the Spanish government will finally get the loan.
Of course, things are not non-negotiable. Capital pursues profit, as long as the return is high enough, risk is no longer a problem.
He was not able to get the full support of the Vienna government, and he had to bargain with the bankers, so Junol was naturally very disappointed.
Based on his previous experience with bankers, Junior knew that this time it would be impossible to not bleed. Thinking of Spain’s current financial situation, Junior is in a bad shape.
"It's hard to borrow money, and it's even harder to pay back!"
If nothing else, after the loan is obtained, the Kingdom of Spain will surpass the Confederate States of America and become the world's third largest debtor country after the United States of America.
The Russians are naturally ahead of them. Being able to owe huge debts these years is also a kind of ability, except for the tsarist government who is it?
Although the Vienna government also carried huge debts, the Holy Roman Empire was still a creditor.
Just like a company, it owes the upstream raw material suppliers the payment, and the downstream dealers' accounts receivable have not been collected.
Payments must be included in costs, and accounts receivable must be included in profits. Profit exceeds cost is profit, otherwise it is loss.
Although the Vienna government owes a lot of money to others, there are more people who can't stand to owe them money. After a comprehensive calculation, the debt is still greater than the debt.
Just look at the debts of the tsarist government next door, and most of them are borrowed from here. In addition, there are a bunch of younger brothers who are also big accounts receivable.
There is no way, banks also need to assess risks.
Like European countries that have declared bankruptcy, no commercial bank dared to lend them money at all, and no guarantee would work.
Debt collection also takes time, with a default rate of almost 100%, and no one is willing to do it!
In the end, only a compromise can be adopted. The bank lends money to the Vienna government, and the Vienna government lends money to them.
As a result, the Vienna government, which has continuously reduced its debt holdings, has not only not reduced its own debt, but has increased a lot.
Originally, Junior also wanted to obtain this special loan. After all, the Vienna government has taken over the risk, and the loan interest given by the bank is usually very low.
It's a pity that this is a good thing to think about. How could the Vienna government act as a take advantage if it did not come up with enough benefits in exchange?
Besides, Spain is not unable to provide collateral. Compared with the poor and white boys, the Spanish government is relatively wealthy.
Whether it is the right to issue money, colonies, tariffs, or even territories, they can all be mortgaged.
The fact that the Vienna government is not interested does not mean that no one is interested. In the eyes of many people, these are high-quality assets. As long as it is sold to the right customers, it will be full of rewards.
"Oil pressing" is still suitable for professionals. In this regard, bankers are definitely the most professional, not one of them.
As for the risk of default, how can people who want to make a fortune do not take risks? As long as the Vienna government is willing to guarantee, the risk will be within control.
...
"Have you checked it out?"
Junior asked.
Although he reached a preliminary agreement with the Vienna government on the issue of borrowing, he still did not abandon the line of Jewish capital.
"Money" is never too much. If possible, Junior still wants to get as many loans as possible.
After all, war is full of uncertainty, and no one can be sure of the final cost until the last moment.
If it were not really impossible, the War Department would not have proposed to recruit "French mercenaries" for combat. The military has no confidence in their own soldiers, and Junior is even less confident.
Just look at the Philippine war. Spain's most elite troops also have absolute firepower advantages, and even a group of Japanese natives can't handle it.
Although the Spanish army has an advantage in the exchange ratio, the performance of the French mercenaries after the comparison is that they can compare goods.
In fact, the problem of insufficient combat effectiveness of the Spanish government forces was exposed at a more important time. If you look deeply, you can go all the way back to the last century, or the last century.
It's just that the problem is more serious now. Everyone knows that the Spanish Army must carry out reforms, but now is the time of war, and the Spanish government does not know how to proceed.
Since our own army is not strong, it can only be made up for by "krypton gold". Not ready for some money, Junior is really worried about the lack of funds again.
Minister Brad: "The time was too hasty, we just found out their identities on the surface. Whether they are secretly colluding with other forces is still uncertain.
You may not believe it. The story of these guys is a legendary novel.
If you want to name it, I think it could be called "Struggle of Jewish Capitalists" or "Resilience of Jewish Capitalists".
According to the information we have found, these guys have a glorious family history in their predecessors, and their parents once dominated the largest financial consortium in Germany.
It was just because he was too greedy and wanted to extend his tentacles to politics, he secretly supported the Revolutionary Party during the Vienna Rebellion in 1848.
Afterwards, these financial consortia were liquidated by the Vienna government. However, these people reacted fast enough to see that the momentum was wrong and immediately ran away.
People ran away from the foundation but disappeared. Either destroyed by the rebels, or confiscated by the Vienna government. In short, after 1848, the power of Jewish capital in Austria was hit hard.
After the storm, the lucky ones who escaped, with the capital transferred in advance, made a comeback again.
It's just that they were unlucky this time and just caught up with the anti-corruption case of the Vienna government. The Jewish capitalists involved in the case were given priority care by the Vienna government. Hundreds of people were put on the gallows and thousands were exiled overseas.
After the incident, the power of Jewish capital in the Austrian financial sector was basically wiped out and declined.
Although the Jewish consortium was destroyed, there were always a few fish that slipped through the net. The people who are in contact with us right now are the offspring of the fish that once slipped through the net. Now they are pushed to the bright side and become the talkers.
At present, it is only found to be related to the Jewish capital in the German region. Originally, the connection between them and Austrian Jewish capital was very close, and the practice of the Vienna government also harmed their interests.
Driven by interests, these people have always been the most opposed to rebuilding Shinra. It's just that the back of the arm can't be stretched out of the thigh, and he can only accept reality.
After the establishment of the Holy Roman Empire, in order to avoid being liquidated, these Jewish capitals also converged a lot.
On the one hand, reduce the sense of existence as much as possible; on the other hand, strengthen the establishment of contacts and strive to make friends with the powerful.
I just don't know why, I suddenly came to us. "
Knowing that the Vienna government has strict financial controls, it is not suitable for capital speculation. Jewish capital still did not run away, but stayed in the Holy Roman Empire, which has been able to explain many problems.
Perhaps in the eyes of the outside world, Jewish capital is one family. In fact, the competition between Jewish capital is equally fierce.
"Today you cheated me, tomorrow I will cheat you" is the normal state of capital operation.
The so-called compatriots only exist among ordinary people. The capital of the world is the same, and the essence is ---only for profit.
The market is not unlimited, and no one welcomes competitors to join. It is easy to leave the Holy Roman Empire, but changing places does not mean you will have a good life.
The anti-Semitism movement is not a joke. The unrelated foreigners are the fat sheep delivered to the door. Use the fat sheep to test the wolf's will, that is simply...
In contrast, the situation in the Holy Roman Empire is fairly good. Although the government regulates more broadly, the Vienna government abides by the rules!
Within the scope of the rules, although it is difficult to obtain huge profits, it is safe to win. No need to worry about being cracked when you wake up.
For ordinary Jewish people, the impact is even smaller. In addition to strict education control, there is no Jewish school, only to study in public schools, a stable social environment is already their favorite.
However, these small flaws are not uncompromising compared with the life of the displaced. After all, ordinary Jewish people who are busy for three meals a day have no time to take care of that much.
In this context, although many Jewish immigrants have poured into the Holy Roman Empire in recent years, the concept of the Jewish nation has gradually been diluted.
The national integration is in the interests of ordinary people, but it hurts the interests of Jewish capital.
Without these ordinary people as cover, they are the bright lights in the dark, and they are the brightest cubs wherever they go.
Out of helplessness, many Jewish capitals in Austria do not consider themselves Jews and have played lurking.
As a result, the Jewish capital of Austria has indeed declined, and now it is dependent on the Jewish consortium of North Germany to survive.
Not much content was found, but the bright side made Bruñol a headache.
Politics is cruel. Based on past experience, Junior knows that the simpler the background, the greater the problem behind it.
Several Jewish capitalists who have been severely beaten by society, if no one supports them, why dare to accept such high-risk loans?
"If we agree to their terms, when will we be able to release the loan soonest?"
I don't know who is behind it, it doesn't matter, real money can't deceive anyone anyway. As long as he can get the loan, Junior doesn't care who is behind the scenes.
"Calculation" must also be built on the basis of strength. If it is just a few powerful and powerful people, Junior does not mind letting them know what social cruelty is.
Minister Brad: "These people promised to start lending money within one month after signing the contract and releasing it to the public.
They also put forward conditions to send someone to monitor the use of funds. In order to ensure that funds are not misappropriated, they release funds once a week.
The first batch of loans is 1 million Aegis, and then according to the actual situation, the weekly loan amount is determined. "
"something wrong!"
This was Junior's first reaction. Although it is an international practice to lend in batches, it seems too frequent to lend once a week.
After wandering for a few steps indoors, Junior slowly said: "Promise them, but the first loan amount cannot be a million Aegis.
According to international practice, the first batch of loans should not be less than 10% of the total loan amount. And the loan time cannot be a month, it must be within a week. "
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