Vol 4 Chapter 33: Handling the Greek debt crisis

It is easy to send people away from the island. Except for a little more population on Crete, most of the other islands have only one thousand and eight hundred people. One boat can handle it. More than two hundred islands add up. Less than 100,000 people!
But the Greek peninsula is a difficult problem, and even Ferdinand in the Peloponnesian Peninsula 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. Who claims that the Greek government has owed huge extra debt? If everyone runs away, who will pay the debt?
Unless the Bulgarian government can pay the entire foreign debt of the Greek government in one go!
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 prerequisite for the withdrawal of the powers!
Simply put, the debt of the Greek government has now been pressed on Bulgaria, and the Bulgarian government has guaranteed their repayment ability!
Of course, this guarantee is limited. It is limited to the annual payment amount of the Greek government. It will not be lower than it is now, and it will give priority to meet the major powers!
I'm not saying that Bulgaria must guarantee that the Greeks can pay off the loans immediately. After all, the Greeks' loans have basically expired. To support so much money at one time, the Bulgarian government cannot get it!
So the Greek government must exist. No matter what method is used, Ferdinand must let the Greek government stand on its own. It is impossible to pay the debts for them!
Twenty-eight million pounds is not a small number, it is equivalent to Bulgaria's fiscal revenue for one year, so it can only be Greeks who bear it!
Alas, this is also a measure by the powers to restrict Bulgaria's annexation of the Greek peninsula. After all, if you take out so much money at one time, the development of Bulgaria will also be interrupted. If you can interrupt the rapid development of Bulgaria, you will make a lot of money!
Uh ...
The problem now is that Ferdinand wants to pack the Greeks away. After all, the location of the Greek peninsula is very important to Bulgaria, and Ferdinand cannot give up!
Especially in the future, whoever installs several missile launchers in the upper part of the peninsula, then the whole Bulgaria will be covered by firepower and there will be no national defense security at all!
It is easy to annex the Greek peninsula, and 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 launches a killing ring and kills 1.8 million, ethnic integration is a dream!
It is very contradictory to have both the Greeks get out of the way and the Greek government to repay the debt! Unless Bulgaria helps them relocate across the country and they are looking for a good place, they will not be able to afford the debt!
This is obviously impossible. Such a good place in this era has long been divided up by the powers. Even if Ferdinand owns it, where can it be given to the Greeks?
His Majesty, "What about the Greek government's loan?" Constantine asked in a dilemma
In fact, this issue has been discussed by the Bulgarian government for a long time, but there has been no result!
After thinking about it, Jeff Ferdinand sneered and said, "Let the Greek government announce that it is a debt settlement! We just promise to provide guarantees for the loans of the powers, but the debt issued by the Greek government has nothing to do with us!"
Alas, this is the most effective way that Ferdinand can come up with! Of course, once this news is announced, the credit of the Greek government is completely gone!
But what does this have to do with him? Anyway, money owed to individuals and money to consortia is not a concept at all!
At least the consortium has a spokesperson in the government, which can influence politics and have the ability to collect debts! But ordinary people? There is no right to speak in this era!
国际 Originally international debt was a risky investment. Although the return is high, it may be lost at any time!
Alas, in this case, the capitalists in Greece are the worst! The debts owed by government departments are not a small number. White bars are not only in the Eastern world, they also exist in the Western world!
Something like arrears of construction funds, payment of part of the purchase materials is paid in advance, and the payment is delayed for a few months, or the official goes out for nothing, the IOU written down afterwards, and the debt issued by the Greek government. It's gone!
一 As soon as this news comes out, it is estimated that many interest groups in Greece are going crazy for this!
After listening to Ferdinand's words, Constantine looked very happy. In this way, the debts of the Greeks can be reduced by at least one-third. For the Bulgarian government, the risks have undoubtedly been reduced!
As for the Greek government's credibility, and interest groups whose interests have been damaged as a result, what does this matter to him? Does Bulgaria have to take care of their feelings?
Ferdinand added: "Oh, the Greek government can still reduce expenditures. After all, if they do n’t work hard, how can they be paid off?
As a sovereign country, we are also obliged to help them pay off their debts as soon as possible! Their national defense security, we will bear for them first, this cost can be remembered first, when they have money to pay back slowly!
Let ’s do that, except that the Guards of George I can retain 500 people, the Greek army will be dissolved!
In this way, how can you save 1.8 million pounds of expenses every year!
In addition, the government can also abolish some unnecessary departments. You can see that they are so difficult to finance now. Non-critical departments like the Ministry of Foreign Affairs, the Ministry of Education, and the Ministry of Agriculture can be eliminated first!
Anyway, you take care of it! As long as it is not an indispensable institution, it has been abolished first. The assets owned by the government can also be sold as soon as possible, and cash can be withdrawn as soon as possible to strive to pay off the debt as soon as possible! "
Alas, the powers are already fierce enough to reduce the Greek military expenditure to a very low point, only the cost of a Bulgarian infantry division, Ferdinand this time is even more fierce, and directly lost them!
If it was not to maintain the sacred nature of the monarchy and preserve the face of George I, it is estimated that Ferdinand would not even leave the five hundred guards to the Greeks!
When I saw Ferdinand's righteousness, it was a complete expression of my goodness for you. Constantine was a little embarrassed!
However, Constantine is also an old churros in politics, and soon reacted. He knew very well that the Greek government had to pay off its foreign debts by itself, and it was necessary to do so!
Even for individual creditors, if they choose to rely on debt, the debt of the Greek government is still as high as 50 million to 60 million pounds, and the fiscal revenue of the Greek government before the war is only about 4 million pounds. Except for the daily expenses of the government, even interest is not enough!
Not to mention after the war, so much land was cut off by Bulgaria and affected by the war. Thank you for being able to keep 3 million pounds of financial revenue!
The unscrupulous Constantine proposed: "His Majesty, in addition to reducing expenditures, I think the most important thing is to help the Greek government open source. The Greek tax system is too scattered, and we need to help them straighten out.
If they work hard, the fiscal revenue may double! "
斐 Ferdinand's turn this time wondered. As far as the Greeks are now, can fiscal revenue increase significantly? Are you sure you are not joking?
After thinking about it, Ferdinand decisively rejected Constantine's proposal: "No, if the expropriation is overwhelming, the situation on the Greek peninsula will soon be in chaos. Originally, after the signing of the armistice treaty, the Greek peninsula was a bit unstable. We can't add fuel to the fire! "
Constantine said with a smile: "Your Majesty, the situation may not be so bad! The ordinary Greek people have no money, but there are many rich people in Greece!
If it is only aimed at them, plus the suppression of our army, it will not cause much trouble!
And we can adopt a sitting system, one person commits crime, and the whole family is exiled! If a big riot occurs, we estimate that hundreds of thousands of people can be exiled! "
After listening to Constantine's words, Ferdinand nodded. If it was only targeted at one percent of the people, it is estimated that most of the Greek people will be happy!
After all, the bourgeoisie and landlord class in this era really have few good things. Under normal circumstances, the hatred of the Greek people against them is still above Bulgaria!
After all, these people have squashed them for a lifetime, and although the Bulgarian army occupied Greece, they neither robbed them nor received their taxes!
There is no pain in the skin. In the hearts of ordinary people, the hatred of national justice is really not so unforgettable!
Jeff Ferdinand thought for a while and said, "Well, tax collection is OK! But it must be done by the Greek government itself. We can't intervene directly. In addition, we mainly take the opportunity to crack down on those who oppose us and find partners who can cooperate to support it!
It is even possible for the Greeks to resume the tax package system ~ EbookFREE.me ~ Divide the area and directly contract the tax collection task to the capitalists, who are professionals in this regard!
At the same time, we must pay attention to the social developments in Greece, and especially pay attention to the supervision of public opinion. Any unfavorable speech must be put out immediately!
All involved persons, all executed! And one person must be involved in the case, all possible relatives and friends, all exiled to Syria!
Also, once a large number of civilians go bankrupt, immediately find a way to let them migrate to Syria! "
重 Repeals for troubled times!
Jeff Ferdinand has thought about the tragic days for the Greek people in the future, because these policies are designed to reduce the population on the Greek peninsula as much as possible and force them to migrate to Syria!
Especially after the implementation of the tax package system, everything can be done for the benefit of capitalists. It is estimated that a large number of Greek labor will be added to the mines in Bulgaria in the future!
After thinking about it, Constantine said with a look of righteousness: "Okay, Your Majesty! I have taken note of all this, and the Cabinet will help the Greek government to formulate a practical policy plan to help them get out of the debt crisis as soon as possible!"
Well, Ferdinand would like to say: Everyone is his own, so there is no need to continue acting!
I forgot that he was acting himself!

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