Vol 4 Chapter 59: ,Bond

"Your Majesty, if a large amount of labor is brought into Russia, this cost will be very huge!" Said the Minister of Finance Kennedy in a dilemma.
Kennedy has no comment on Ferdinand's recruitment of "mercurials", and Europe has a tradition of using mercenaries. There is nothing unacceptable to this.
Oh, Ferdinand's idea of ​​finding fur bears as cannon fodder was directly understood by them as recruiting "mercurials". Of course, there is no difference in essence. Even if it is recruited cannon fodder, Ferdinand still has to pay the army. It is nothing more than the restriction of recruiting "mercurials".
The only difference is that the mercenaries are all self-contained, while the cannon fodder recruited by Ferdinand is the Bulgarian officer in charge of commanding them to fight!
According to Kennedy, if Bulgaria can use two or three million "mercurians", then based on Bulgaria's population base, it can also have the same number of troops as the British and French powers. It will also occupy a more advantageous position in the distribution of post-war benefits. !!
At the same time, a large number of mercenaries are used. After the war broke out, Bulgaria can reduce the number of mobilization and maintain domestic industry and food production.
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Although from the perspective of a single person, the cost of introducing labor to Russia is not expensive, the intermediary fee paid is 25o Lev (about 1o pounds), the average travel cost is about 5o Lev, and the employment placement fee is about 2oo Lev. These are all Adding up the cost of a labor is only 5oo Lev.
Anyway, the Bulgarian government pays the advance first, and in the future it will be deducted from their wages in installments without losing money. Therefore, Bulgaria introduced a large number of Russian labor before, and the Ministry of Finance did not have any pressure.
But now it ’s different. Bulgaria was introduced before because of a lack of labor. There are a lot of posts to house them. Now Ferdinand can't afford so many jobs!
There are no jobs, then there are only artificial manufacturing posts, and this expenditure will go big!
And when the European War broke out, we all don't know. If it lasts for three years and five years, then the Bulgarian government must find a way to feed them for three or five years?
Leaving aside, the intermediary fee of the early stage alone costs 1o pounds, and the 1 million yuan of intermediary fee alone is 10 million pounds.
According to Ferdinand's request, how could there be two or three million people in the end? This alone costs 20 to 30 million pounds, and don't expect to recover costs in the short term!
Ferdinand nodded. The number of young people needed this time is too much, and the time is too tight. It is indeed a challenge for the Bulgarian government's finances.
"Let ’s do this. We will build another bond, and use the name of the Greek peninsula to raise funds from all over the world. The focus of this bond roll will be on Russia!"
Kennedy thought about it and said with a smile: "Okay, Your Majesty, the Treasury Department will estimate the funding gap as soon as possible."
There is no doubt that Kennedy thought that Ferdinand's focus on selling bonds to the Russians was to win over Russia's financial community and aristocracy and create a good political environment for the introduction of labor.
Ferdinand knew he had misunderstood, but didn't explain it. There were some things he knew on his own, so there was no need to say it.
"Don't evaluate it, and directly use the 200 million pounds of bonds of the amateur, and use our tariff income as a guarantee, and the interest refers to international standards." Ferdinand said lightly.
The figure of "200 million pounds" directly frightened everyone. Now all countries are preparing for war, and a lot of funds have been consumed in the military, but 200 million pounds can create a British Royal Navy! (For shipbuilding only)
Constantine said hesitantly, "Your Majesty, this number may not be sold, and countries will think we are raising military expenses, this ..."
Ferdinand smiled slightly and said, "If you worry about it, what if they know it? Now that everyone is raising military expenses, we can only do something obvious!
However, for convenience, bonds can also be sold separately, and temporarily announced 50 million pounds, but the actual sales are not limited, the more the better! "
Anyway, the world war is about to explode. Ferdinand is holding a fortune now. Of course, the money will be repaid in the future, but the premise is that these creditors are still there!
It goes without saying that once the war breaks out, the exchanges between the two sides will naturally break. After the end of the World War, I don't know how many financial institutions have gone bankrupt, and how many people's debts have been destroyed in the war!
What's more, the debt roll in Germany was Mark, the Krona in the Austro-Hungarian Empire, and the currencies of these countries were almost a waste paper when the World War ended. Bulgaria can easily pay off its debts!
Unfortunately, in the current international situation, the bonds issued by the Bulgarian government may be difficult to sell in the market of the ally. Ferdinand missed the opportunity to take advantage of the fire!
Although allies are not working, are there still allies?
After the end of the First World War, the franc suffered a great devaluation, from a ratio of 1 pound ≈ 25 francs before the war, to a depreciation of 1 pound ≈ 24o francs in 1926.
This is also the main reason why Ferdinand borrowed a French loan. Now the Bulgarian government owes a huge additional debt of more than 7 billion francs to the French, but after the end of World War I, this debt will shrink rapidly with the depreciation of the franc!
Oh, in fact, the British pound has also depreciated, but the British Empire is supported by South African gold, and the depreciation rate is not so large!
Not to mention the Russians. As soon as the tsarist government collapses, the ruble will immediately become waste paper. Is it too easy to pay off this debt?
It can be said that this is the golden age of borrowing money! Ferdinand can now rely on borrowed money to reserve strategic supplies and enhance Bulgaria's war potential.
Anyway, no matter how high the interest on international borrowing is, it can't compare with inflation. Now the Bulgarian government is in high debt, but after the end of the World War, the actual value of these debts may not even reach one tenth of that before the war!
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After discussing the financial issues, Minister of Foreign Affairs Metiev suddenly said: "Your Majesty, the conditions for annexing the Greek peninsula are now ripe!"
Ferdinand froze slightly and asked conditionedly, "Why?"
He originally planned to annex the Greek peninsula after the outbreak of the World War. By then, both sides would fight, and naturally they would not care about the Greek peninsula!
Metev said with certainty: "Your Majesty, there are now four and a half million Greeks on the Greek peninsula. Our immigration on the peninsula has passed the Greeks. Even if we immediately announced the annexation of Greece, the Greeks would not be able to turn them over. There is a big wave!
And in diplomacy ~ EbookFREE.me ~ we have also obtained the understanding of the allies, and with their support we will not be isolated.
The ally's strength in the Near East is limited, and the only thing that can intervene is Italy, but as long as the Italians are not stupid, they will not fight for the Greeks! "
After Ferdinand pondered for a while, he finally resisted the temptation and shook his head and said, "It's not right, but wait again! Now let's increase the immigration in Greece first. After packing the Greeks away It would be more appropriate to annex the Greek peninsula! "
Anyway, the Greek peninsula is already the meat in the Bulgarian bowl. I wo n’t run away if I eat it later. What if I eat hot food now?
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