Vol 5 Chapter 64: European Depression

Germany
The huge war reparations have already wiped out the pockets of the German people. Nowadays, not only ordinary people have a hard time, but even Junker's nobles have a bad life.
Twenty-five percent of industrial products are used to pay off debts, and the remaining industrial products have to be exported in exchange for industrial raw materials. In order to reduce foreign exchange consumption, the Weimar government has banned the use of luxury goods in China.
Inflation has turned Mark into waste paper. Many people ’s wealth has been swept away. Sixty percent of the German people owe a large amount of debt to the bank. The bankers behind the scenes have become the only winners!
If it was not for Ferdinand to increase food aid to Germany, the Weimar government had food to fill the stomachs of the people, and they would have collapsed long ago.
The influx of aid food has also harmed the interests of a class, namely the Junker aristocracy based on land. The Weimar government's rule has begun to be unstable.
The German food deficit is now over 3 million tons, which means that after deducting Bulgaria ’s food aid, they still have to import at least 2 million tons of food every year in order to fill the domestic food gap.
Moreover, the main producers of the food, Juncker aristocrats do not want the government to continue to import food. They think that as long as the domestic food price increases, we can mobilize everyone's enthusiasm for production and fill the domestic food gap.
当然 Of course, the Weimar government cannot agree. It is estimated that no ruler dares to agree. If the import of food is stopped, the German people will rebel!
The First World War was because of food problems. German talents surrendered. As one of the leaders, the Weimar government also knew that there was one thing that must be done, and that was to ensure the domestic food supply!
Compared with the instability of the German central government, the development of several major kingdoms in the country is actually better. Take the Kingdom of Bavaria as an example. They vigorously develop domestic agriculture. The income of the people has not improved, but their living standards are lower than in other regions. But it's a lot higher!
Without comparison, there is no harm. In the area of ​​local governance, the Weimar government without any ruling experience naturally lost.
资本 Under the banner of freedom, the capitalists quickly became larger and exerted more and more influence in the government.
Similarly, matching them is that they are increasingly oppressing the domestic population.
Many people know that there is no future in the development of industry in Germany. Fifty percent of industrial and commercial products are used to pay war compensation.
Capitalists are not philanthropists, how can they do such stupid things? Therefore, they have put their eyes on the financial field one after another, instead of usury!
In this context, the contradiction between the German central government and the major kingdoms also began to be planned. The Weimar government hopes that the economic recovery of the several kingdoms can bear a larger proportion of debt. Obviously this is not acceptable to the major kingdoms. of.
Now these kingdoms are not afraid of the central government. In order to bury the nails in Germany, the French insisted on delegating the four powers of the army, diplomacy, finance, and personnel to all kingdoms.
除了 In addition to the nominal unification of Germany, in fact, it is already independent, and you ca n’t count on one king to support a republic?
Especially in the past year, with the deterioration of the world economy, the Great Depression has spread to the entire European continent, and everyone's life has been difficult. German industrial and commercial exports have not been so easy.
Looking at the information gathered from Germany, Ferdinand rubbed his forehead, and European history has been changed beyond recognition by him.
Judging from the current situation, if the Great Depression continues, the foreign exchange obtained by German artificial commercial products exports will no longer be able to purchase the industrial raw materials they need.
So the debt becomes an inevitable result. Without enough industrial raw materials, what do they use to produce so many products to pay off the debt?
No money to import industrial raw materials, naturally no money to import food. Even with the one million tons of Bulgarian aid each year, that is a sloppy salary!
"Prime Minister, tell the Germans that we agree to give them a batch of food on credit, but to do so in accordance with commercial rules!"
Jeff Ferdinand made the final decision to continue to export food to Germany. After the World War, Bulgaria was the largest grain exporter to Germany.
This is also a political business. After the war, Germany desperately wanted to improve relations with the big powers and get rid of the impasse in diplomacy. Bulgaria also wanted to get along with Germany so as to recruit talents, so the two sides hit it off.
Now the Germans have no money to buy food, but the problem is in the short term. Can't find new buyers for agricultural products produced in Bulgaria?
So I know that now that we are exporting food to Germany, it will be difficult to receive money in the short term. Ferdinand will continue to do this business!
His Majesty, "Your Majesty, this may be too indulgent to the Germans. There is a lot of foreign exchange flowing from Bulgaria into Germany every year. We didn't say anything, but now we dare ..."
的 Constantine is naturally clear about the problem of grain exports. But the hundreds of thousands of Germans who work in Bulgaria also repatriate 700,000 levs to Germany every year, and this money can basically offset the export of food.
Bulgaria didn't say anything about such capital flowing into Germany every year. Now that the German government has announced its inability to pay for their food, Constantine is naturally dissatisfied!
"It must not be too cheap for Germans, then set the interest rate higher. For example, the monthly interest rate of three cents is very suitable for them. Anyway, they have no choice now. I don't believe anyone else is willing to give them credit!" Fei Dinant said coldly
How is it possible not to get angry?
Now the two countries of Baode and Germany can be regarded as having their own needs. Bulgaria has acquired talents from Germany, which has accelerated the pace of national development. Germans have also obtained Bulgarian food to feed their people.
The two sides can also be considered as a balanced trade. The Germans obtained funds through export of labor services, and then imported Bulgarian food, which returned to Bulgaria again.
Now Bulgaria still needs these Germans to work hard. It is not necessary for both sides to completely rip off their faces, but it is not excessive to collect usury in business talks, right?
These have nothing to do with the Bulgarian government's dime. The capitalists are so dark. To be on credit is a high amount of late payment fees.
Germans do n’t, it ’s a big deal to help the Russians, just look for opportunities to retaliate back, now the Germans can't get angry!
After hearing Ferdinand's words, Constantine did not continue to struggle with this issue. If the Germans dared to bear a late payment of 3% per month, then everything would be negotiable.
His Majesty, "What about the Italians?" Constantine asked.
Speaking of Italy, Ferdinand can only smile bitterly. If it is said that the Germans may be in debt in the future, then the Italians have already begun to incur debt.
It's not that their government doesn't work hard, but it really can't afford it! If it is still available for sale, it is estimated that the Italian government has sold it!
From the signing of the Treaty of Versailles to the present, the Italian government has done everything to repay the debt. Industrial and commercial products, this does not have the competitiveness of the Germans; agricultural products are not enough for their own use, and human resources do not need everyone!
No, right now there are labor teams organized by the Italian government in Bulgaria. Simply put, organizing criminals and sending them over to work hard to earn money.
There is also a vigorous development of the service industry. Of course, this is not organized by the government. It is the capitalists who have learned the advanced experience of Japan. Well, they're kind of a bit virgin, at least not forced.
It's just that they combine sales with it and use this special channel to sell Italian luxury goods to European countries!
Of course, these things can't let the Italian government be blamed. It is really a downturn in the domestic economy and it has to bear huge debts. Many are forced to live on this road!
这样 "Let ’s tell the Italians that if they want to reduce their debts, they should talk to the British consortium. We have already issued all the claims, as long as they agree!" Ferdinand said indifferently.
"Your Majesty, the Italians also demanded a suspension of payment of compensation, and they will not continue to perform their contracts until their economy has recovered. We have reached an agreement with the consortium and are responsible for dunning!" Constantine reminded
La Ferdinand laughed and said, "Yes, we promised to collect money, and also ensured that the Italians could not lie on their books!
However, the Italians paid it off in a hundred years. As long as they did not give them a late fee, wasn't it a bad thing? The consortium asked us to urge payment, so go with the countries! "
Constantine was shocked. He didn't expect that Ferdinand had the idea of ​​passing the border, but now the Italians really have no money and can't really treat them!
Your Majesty, the Great Depression in Europe has affected our export industry. If nothing else, exports to the European continent will fall by 20% this year!
The government has decided to transform the enterprise and change the export to domestic sales. Now that the Italian economic crisis has erupted, we plan to dig a group of talents in the past. Their designers are still very good, just too lazy! Constantine continued
Ferdinand nodded ~ EbookFREE.me ~ and said, "Let ’s just do this. We have just launched a ten-year plan. The market there is huge. If we calculate the supporting industries and create jobs, I'm afraid it will exceed five million.
The domestic human resources market is difficult to provide. When it is necessary, you can set your sights on European countries and look for cheap labor! "
For the current German and Italian governments, Ferdinand is a little speechless. Although the cards in his hand are bad, you can't play them!
The domestic economic crisis is so serious that they still maintain a high-welfare social system, but most of these benefits are not available to them, and they are under-funded and occupied by a small number of privileged classes.
Lu Guang ’s expenditure accounted for 23% of German fiscal revenue and 27% of Italian fiscal revenue. It is also well-known for protecting people ’s livelihood.
That's all. The economic situation is not good. The government must find a way to take active measures to deal with it. At least, it will crack down on domestic capitalists and let the people breathe. Nothing!
When encountering such two wonderful governments, it is no wonder that future generations will be able to develop, but to this day, their shadow has not yet appeared. Is it because of the butterfly effect?
Uh ...

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