Vol 5 Chapter 46: ,loan

Ferdinand has no plans to solve the medical problem now. As long as the manufacturing cost cannot be brought down, talking about this problem is all nonsense. You can't learn from future generations, right?
Economic experts have calculated it a long time ago. If the insurance premium is less than 150 levs according to the use of insurance companies to solve the medical problem, don't think about it. This is almost a month's income of ordinary workers in Bulgaria!
Adding up so many mouths of their family, a worker's income from eating or drinking for a year is not necessarily enough to pay insurance premiums. How is this possible?
The high medical cost is the focus of the contradiction! This problem cannot be solved. No matter how it is done, it is impossible to succeed. You can't make the insurance company lose money, right?
On the contrary, pension insurance can be implemented, but the pension problem in Bulgaria is not serious now, the average life expectancy is only more than 50 years old, and there are very few people who can live to over 65 years old.
Coupled with the large number of children now, the burden of maintenance is not heavy, and this social problem has not yet been stimulated.
In the Winter Palace in St. Petersburg, Nicholas II was worrying about the loan, and finally let Ferdinand let go, but he was embarrassed by what he could do to convince the Bulgarian government.
Due to the intervention of the British and French governments, international consortia have closed the doors of loans to Russia. It cannot be said that at least the Moscow government and the new tsarist government have obtained a lot of international loans, and only Nicholas II is restricted. World government!
I have to say that John Bull's balance strategy is smooth. Now the three Russian governments have supporters behind the scenes. The British are supporting the new tsar, the French are supporting the Moscow government, and Bulgaria is on the side of Nicholas II.
Nicholas II asked Paul, a retired diplomat who was proficient in Bulgarian affairs, and asked: "Marquis Paul, what conditions do you think we have to offer before the Bulgarian government can approve this loan!"
The Marquis Paul, who is over eighty years old, is also very embarrassed. This question is almost to be asked again, how much benefit must be sold to satisfy Bulgaria's appetite!
After all, he had been a diplomatic ambassador in Bulgaria for 20 years. The Marquis Paul did not disappoint Nicholas II. He only hesitated to say: "Your Majesty, Bulgaria’s political power is still concentrated in the hands of the King. As long as he can convince Ferdinand I, this problem is easy to solve!"
Nicholas II nodded and continued to ask: "What about it? I have dealt with Ferdinand, knowing that he loves face and respects reputation. On the surface, his moral integrity is impeccable.
But in fact, he is the one who does not see rabbits and hawks, and does not have enough interest. He has an excuse to refuse this loan!
Even if my sister Xenia was asked to do his work, it would be impossible in the end. It is estimated that he would be very angry to throw hundreds of millions of levs over and announce that it was given to us! "
In the end, Nicholas II was a little bit self-deprecating. When did the Russian Empire fall to the bottom and need relatives to pay for it?
I have to say that over time, everyone has studied Ferdinand’s character more or less. Although the Bulgarian government gave them little support after the outbreak of the Russian Civil War, the practice of the Bulgarian royal family left the world speechless!
Humanitarian donations are provided to the Russian Empire every year. In the past few years, they have donated seven or eight times before and after, and the total amount has reached more than one billion levs, so that Nicholas II was embarrassed to speak to him.
Of course, Nicholas II also knew that Ferdinand's actions were also to appease the Russian immigrants in the country, or to appease the scientists who were dug up.
These funds were not used in the war, and most of them were used for war aid. As a result, in a few years, Ferdinand, who was already well-known in Russia, became more prestigious!
Even though he knew that Ferdinand was buying people's hearts, Nicholas II still wanted to thank him. Without the funds he invested, his governance would not be as stable as it is now!
The Marquis Paul became embarrassed. He didn't expect that Nicholas II knew Ferdinand so well, so it would be impossible for him to get through.
"Your Majesty, there are a lot of collaterals we can take out, but not many can fascinate the Bulgarian government. If it doesn't work, sell Bessarabia (Moldova)!"
Originally, he wanted to talk about Western Ukraine, but seeing the gloomy face of Nicholas II, he decisively chose to speak only half.
Sure enough, after hearing that it was Bessarabia, Nicholas II's face looked much better. This land was captured from the Ottoman Empire in 1812. The greatest value for the tsarist government is that it can threaten the Romanian region militarily. .
Now Nicholas II will naturally no longer think about how to threaten the Romanian region. He is too busy with his own affairs. How can he go to spy on the Romanian region anymore?
Nicholas II said without hesitation: "Well, if Bulgaria is willing to approve this loan, it is not impossible to sell Bessarabia, but do you think they can agree?"
The Marquis Paul really wanted to say that there are ghosts if you can agree. Although the territory of Bessarabia in this era is as high as 44,000 square kilometers, it is still not worth 10 billion lev!
Now lending money to the government of Nicholas II, the risk rate is as high as 90% or more. It is not that they are afraid that they will default on the account, but that they will not be able to repay the money at all!
The French loans and the British loans add up to billions of pounds. Fortunately, the Americans don’t have to pay back the money, otherwise the tsarist government’s debt crisis will become more serious.
Because of the war, as early as 1915, the Tsarist government announced the suspension of the repayment of international loans, expecting them to repay the money. God knows which year of the monkey to wait until?
Ten billion levs in this era is not cheap, which is equivalent to 400 million pounds, which is also equivalent to 2,928 tons of gold!
Taking into account that the risk value is too high, this is almost equivalent to buying 44,000 square kilometers of land with 10 billion levs, with an average of 227,300 levs per square kilometer.
In the international land transaction of this age ~EbookFREE.me~, there has not been such a sky-high price, so Nicholas II is also very worried that this transaction will not succeed!
Paul thought for a while and said, "Your Majesty, it's really impossible. Let's mortgage some of the land in Ukraine. We can use these places as a guarantee."
This is very subtle, "mortgaging the land" is more acceptable than selling it directly, and he hasn't mentioned the specifics yet. Everything is discussed by the negotiators. Anyway, what kind of results will he come to? No responsibility!
Well, the Marquis Paul is very worried about the repayment ability of the Nicholas II government. Instead of taking out a large amount of land for mortgage, and finally being unable to repay the money and being frozen, it is better to sell it directly, at least at some price!
For any loan, the collateral is discounted. For this kind of international loan, if you are lucky, you may get a 40% discount. If you are not lucky, a 30% to 40% discount is normal.
Now that the civil war has hit, Nicholas II has regained a lot of lost ground, including Western Ukraine, so it is no problem for them to use it as a mortgage now.
Even after the mortgage, Bulgaria must support them to hold these places, otherwise if they are lost, the collateral will be lost, and the other two governments will not recognize the treaty signed by Nicholas II!
After a moment of silence, Nicholas II still chose to agree. The Russian Empire is now a real vast territory, with a territorial area of ​​22.8 million square kilometers, which is larger than the Soviet Union. It is a mere Than Sarabia, which only accounts for the total. Less than two thousandths of the land area!
The mortgaged land was directly ignored by him. Anyway, the land is still under his control. As long as the future loan is paid off, there is no risk of loss!
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