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Chapter thirty-four, the fog is heavy

It's okay to pretend to be confused, but it's not enough to be confused. Junior is unwilling to investigate in depth, mainly because he is worried that the final result will be the enemy they least want to face.

If you don’t uncover the lid, you can still pretend to be confused. Let’s continue this political game together. Once you find something out, you won’t be able to restore it to the present.

Marquis Taboyada nodded thoughtfully, his expression a little sad. The former Empire of Sun-Downset actually fell to the point where it was conspired to be conspired and had to pretend that nothing had happened.

It’s just okay to pretend to be deaf and dumb, but the problem still needs to be solved.

An additional hidden enemy means that the Spanish government must devote more energy to prevent emergencies.

This is undoubtedly a torture for the Spanish government, which is already very troubled.

Seeing that the indoor atmosphere became quiet, Antonio decisively chose to change the topic: "Okay, the colony issue, everyone should be vigilant. Let's talk about the loan first!

Unlike last time, there is no incense accumulated in the anti-French war now, so it is probably not easy to get an interest-free loan.”

As an old empire, although Spain has declined, Antonio is still skilled in the rules of the political game between the great powers.

Frankly speaking, Antonio was already very surprised to be able to obtain a large amount of interest-free loans from the Vienna government.

At the normal pace, the Vienna government should take advantage of the Philippine War. Unexpectedly, the Vienna government gave up just because of a previous promise.

It is indeed good to be with a credible boss, but he also wants to eat meat. The Holy Roman Empire can have the great territory today, and the Vienna government is definitely not as harmless as human and animal.

The last time I was willing to help was perhaps out of credibility, or perhaps it was because the Holy Roman Empire became the overlord of the European continent, and a political show was needed.

Similar things will never happen twice. Even if the Vienna government is willing to help free of charge, Spain cannot afford it.

Based on past political experience, Antonio is very aware that in this world, “the more you want, the more you need to pay.”

It is absolutely difficult to take advantage of the overlord country. Once it is affected, it may be possible to lose half of Spain's life when it is repaid in the future.

For example, the conflict between Britain and Austria escalates, and Spain, which has gained benefits, must act as a pawn.

Don't expect to be able to pay the debt. Spain doesn't have that capital at all. Just a France cannot block Shenluo's revenge.

Without wanting to become cannon fodder in the struggle for hegemony in Britain and the Austrians, Spain must maintain sufficient autonomy while embracing Shenluo's thighs.

This is what European governments do. Despite the existence of the continental Union, the Vienna government still has no coercive binding force on all countries. If you want to do something, you still need to exchange interests.

Secretary of the Finance Minister Sigfried: "Don't think about interest-free loans, Austrians are not charitable.

Unless we can give enough benefits to exchange, this loan will be an ordinary commercial loan.

The Ministry of Finance has communicated with domestic banking consortiums, requiring the government to use salt tax as collateral and can only provide a loan of up to 50 million in the competition tower.

The loan handling fee is 8%, the annual interest is 8.9%, and it is repaid for 30 years. The principal and interest are paid per month for 398,700 yuan.

I calculated that the loan of 50 million yuan was actually obtained. The total principal and interest required was 143.532 million yuan.

This is already the most preferential commercial loan we can get. For ordinary private commercial loans, the interest rate will be doubled.

Even the government cannot afford such high interest rates, let alone ordinary people. All the money has been made to be lost by these vampires, so it is no wonder that our economy cannot develop.

We need to fight two wars at the same time, and the 46 million race tower is only enough to pay two months of soldiers' salary. If used for war, it is a miracle to be able to support one month.

According to the most optimistic estimate, if we quell the Philippine rebellion within half a year and suppress the Cuban rebellion within the year, the government will still have a funding gap of 880 million.

If converted into Aegis, it will be about 70 million. If calculated at an interest rate of 8.9%, the interest on funds that need to be paid every year will be almost one-quarter of our fiscal revenue.

The actual situation will be even more serious. With our current financial situation, no commercial bank dares to borrow so much money to us.

Even if there is a greedy vampire who dares to take on this business, the interest rate will be terrible. A profit of only 8.9% is not enough to make them lend at the risk of losing all their money."

(1 game tower is about 0.29 grams of gold)

Since the outbreak of the Philippine War, the Spanish government has lived a life of debt. To this day, Spain's total debt has reached an astonishing 330 million ASUS.

The debt has caught up with one-fifth of Shinra's total debt, but Spain's fiscal revenue is far less than one-fifth of Shinra's, and even less than one-twentieth.

There is no way, this is the difference between a semi-industrial country and an industrial country. Spain, which has one-seventh of the population of Shinra, has less than one-twentieth of Shinra's fiscal revenue.

To this day, more than half of the Spanish government's annual fiscal revenue is used to repay domestic and foreign debts.

Against this background, the Spanish government's finances naturally couldn't be better. From the first day of becoming the Minister of Finance, Sigfried lived a life of demolishing the east wall and repairing the west wall.

This is still the background of establishing a large number of interest-free loans, otherwise the interest on funds alone could crush the Spanish Kingdom.

At this time, the biggest problem facing the Spanish government is no longer the level of loan interest, but its own debt repayment ability.

The richer you have, the easier it is to borrow money. The same applies to the country. Spain, which has lost its ability to repay debts, will naturally not be easy to borrow.

If you can’t get a loan, you won’t even think about issuing bonds. The capital market has always been the most realistic, and no one is willing to lend money to a poor man.

Antonio rubbed his forehead: "We will discuss the issue of high domestic financing costs later. Now we should find a way to raise funds first and overcome the current difficulties.

What price would it cost if we were to get this loan from Shinra?”

Obviously, these problems have not been the first time. In fact, high financing costs are also a common phenomenon in this era, not an isolated case in Spain.

The interest rate for commercial loans of more than ten or twenty points seems to be very high, but in this era, it is really nothing.

Behind the high interest rate is high overdue and high risk. It is common for default and run away. Once the debtor leaves the local area, the bank cannot pursue the investigation.

Even if there are assets as collateral, it often occurs many times, and repeated mortgage loans are relied on. Due to poor information exchange, even if bank institutions are cautious, they will inevitably step on the mine.

"High risk" cannot scare bankers. Just raise the loan interest rate and allocate the default losses to other debtors.

This is also the reason why the cost of government borrowing is far lower than the interest rate for commercial loans. After all, lending money to the government has a lower risk of default.

Of course, the Spanish government is obviously not a high-quality customer. Therefore, even if you have to give collateral, the interest on the loan cannot be lower.

Sigfried shrugged and said humorously: "It depends on what the Vienna government wants. Maybe they are in a good mood and suddenly have kindness and lend us the money directly."

Sigfried himself didn't believe this, and everyone wouldn't believe it.

70 million ASUS is not 7,000 ASUSUS. Unless the top leaders of the Vienna government are collectively involved in the brains, such charity will definitely not be done.

...

Franz's mood was the same as that of the British. Explanation was impossible to explain, and such things could only become darker and darker as they were.

From the perspective of pure interests, the Vienna government's motive for taking action against Spain is too strong.

Spain, where "a child holds gold bricks in a downtown city", is originally the object of everyone's attention. As long as you have the strength, you have motivation.

No matter how unhappy it is, Franz can't do anything. The Spaniard just secretly doubts and doesn't even look down. What else can he do?

After suffering this mute loss, Franz also became resentful to the mastermind behind the scenes.

This method is so familiar with the same recipe and the same routine. Franz really didn't expect to apply it to him one day.

It can only be said that there are still many people in this world who are interested. While provoking the Cuban independence movement, they not only hide themselves, but also find several scapegoats.

If it weren't for intentional calculations, Franz would not believe that if the British took the blame, the Spaniards would find that other international forces were involved.

...

Franz asked, "Have you found the mastermind?"

The Spanish government is worried that the truth that it does not want to be found will not end, and is unwilling to investigate it below, which does not mean that the Vienna government will not investigate it below.

Although I wouldn't make a big fuss about such a small matter, it is necessary to find the mastermind behind the scenes and take precautions.

Prime Minister Carl shook his head: "No! This black hand is too deep, and after provoking the Cuban independence movement, he quickly hides.

The clues left behind are all messy, some pointing to us, some pointing to the British, the United States, and the Union. There is no way to distinguish between true and false.

However, it is mostly the British who directed the sight of the Spanish government to us. In order to disintegrate the continental alliance, the London government is almost in a hurry.

But the British did not expect that the Spanish government was so cowardly that they would not investigate it at all, so that their arrangements were useless."

If you can't find out, it means that the Vienna government has taken the blame. There is no need for evidence for this kind of thing, as long as you think it is, it is enough.

Just as Prime Minister Carl believed that the British were framed by Shinra, Franz still took the conclusions he had just guessed out of thin air.

"It's fine if you can't find it out. However, the government's emphasis on the United States and the Union countries must be increased by a certain level.

Especially, there may be British people in between.

The current international situation is very unfavorable to Britain. In the context of the inability to break up the continental alliance, it is inevitable that the British will not run together with the Americans in panic to keep warm.

The best way to stop the merger of Britain and the United States is to raise the conflict between the United States and the Union. As long as the relationship between the two countries has not eased, the British can only choose one of them."

Frankly speaking, Franz is not too worried about easing relations between the United States and the Union. Giving up hatred is simple to say, but not so easy to do.

The resentment of the southern states in the original space-time and space towards the north continued until the 21st century and could not be completely eliminated.

Not to mention now, not to mention the blood flowing from the north and south, the key is that the two have already separated.

To this day, hating the other party has become a kind of political correctness.

Unless external forces oppress too much and threaten their survival, there is no possibility of easing relations before this generation dies.

There is no doubt that such pressure does not exist at all. Neither Britain nor the Holy Roman Empire had the strength to destroy the United States or the Union.

The vast ocean is their best line of defense, limiting the deployment of European powers.
Chapter completed!
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