Faced with the joint attack of British and Austrian capital, the French government did not surrender, and Napoleon IV showed a courageous side.

First, domestic companies were called on to withdraw investment from overseas, increase foreign exchange reserves, and buy francs in the international market.

Then an administrative order was issued, strictly prohibiting domestic banks from lending francs to international hot money, and for this reason, they personally interviewed several domestic consortiums.

No one knows what he had discussed specifically. After being interviewed by the emperor, people in the French financial industry have made many rules.

Many people even symbolically took out funds and joined the resistance army.

It was too late at this time, and the attacking party had already stocked up a large number of francs in his hands. Even if the domestic consortium was caught, it would be useless.

In short, when the Paris government responded to the crisis, it performed remarkably well and its response measures were timely.

Unfortunately, the fundamental reason for this crisis is that France's foreign exchange and gold reserves are seriously insufficient. If this problem cannot be solved, it will not be able to get rid of the crisis.

In theory, France has a lot of investment overseas, and as long as it withdraws one-fifth of it, it can overcome the difficulties.

However, it is now the 19th century, not the 21st century, and it is impossible to withdraw funds from overseas in a day or two.

Time waits for no one, and overseas funds come back, the French government's foreign exchange reserves are about to bottom out.

The Paris government is anxious. If this continues, it will take a few days to use gold reserves to fill the pit.

Originally, the French government's gold reserves were insufficient. If there was a large-scale outflow of gold, the value of the franc would definitely collapse. Instead of this, it would be better to surrender now.

...

In the Palace of Versailles, Napoleon IV no longer had the energy he used to be, and he was much more depressed.

Obviously, the crisis hit him a little, and the French Empire was not as powerful as he thought.

Minister of Economic Affairs Elsa: "We have limited the amount of redemption each time, but the number of people coming to exchange every day has increased.

Panic has been caused. The market is not optimistic about the future of the francs, and there are more and more short sellers in the financial market.

According to the current situation, if no other force joins, the market collapse will be a matter of time.”

Faced with the attack from British and Austrian capital, is there any force in this world that can compete with each other?

The answer is: Yes.

Although the French consortium is slightly weaker than the British and Austrian capital, it has not invested all of it. If the French consortium joins the guard army, it will be local to fight. With the strength of the French government, they will have the power to fight.

After hesitating for a while, Napoleon IV said slowly: "Send people to discuss with domestic consortiums, and other issues are easy to discuss, but the right to mint coins is not to be discussed.

Tell them that if they still refuse to give in, we will compromise with British and Austrian Capital, and no one should think about a good life at that time."

The French consortium is willing to cooperate with the British-Austrian capital action, in addition to the profits in the financial market, it is more about forcing the Paris government to make concessions.

If the francs really collapse, it may not be a good thing for the French consortium.

In the short term, they may be able to make more money by speculation, but this will lose the future.

The francs lose their status as international currency, and the cost of French consortiums that they want to develop overseas will be greatly increased.

Of course, this cannot scare them. Most capitalists will not consider the long-term. Many consortiums rooted in their local areas have little interest in internationalization.

However, no one dared to ignore the threat from Napoleon IV.

If the French government directly compromises with British and Austrian capital and brings British and Austrian capital into the house, it will be a life-threatening person.

There is nothing in front of interests that is impossible. What the French government needs is stability, and what the British and Austrian capital needs is interests.

After ignoring political factors, the possibility of compromise between the two sides is very high.

As long as the goal can be achieved and the expected profits are obtained, capitalists don’t care whether they will defeat the franc capitalists.

Although Franz tinkered with this financial storm, it actually gathered capital from all over Europe at this time, and it had long exceeded Franz's control.

Even if the British and Austrian governments call for a stop together, it may not work.

Real money has been invested in, and I want the capitalists to stop without getting any benefits. How is it possible?

...

"Stock stock market crash and financial crisis overcapacity = economic crisis", this set of calculations may not be 100% accurate, but there are still 99.9%.

First, Britain and Austria dumped products on France, and then caught up with the stock market crash. Before the French could take a breath, Britain and Austria Capital launched an attack on the financial market.

By connecting all these things, you can draw a conclusion - a crisis of external transfer.

The two industrial countries with the most serious overcapacity are the two industrial countries. Even if the economic crisis breaks out, the two countries suffer the most heavy losses.

Britain and Austria are not only facing overcapacity, but also overcapacity. They just made a fortune in war, and the capitalists in both countries are very rich in their pockets.

Under normal circumstances, everyone would invest these funds instead of putting them in the bank to earn interest.

Unfortunately, the whole world is now facing overcapacity, and investing in any industry is a disaster.

However, Britain and Austria, which should have the most crisis, had not yet had a crisis, and France had problems first.

Vienna Palace, looking at the information in hand, Franz breathed a sigh of relief.

If you die, I will not die. If Austria wants to overcome this level safely, it is an indispensable part of transferring the crisis.

Looking at the whole world, is there anyone more suitable than France?

If we don’t take advantage of the fact that everyone has not reacted and dragged the British to suppress France, there will be no chance in the future.

No matter how low-key Franz is, it will be a matter of time before Austrian threat theory surpasses French threat theory. At that time, it will be a situation where Britain and France join forces to fight against Austria.

Now, the French are attacking the French in advance, and this hatred alone can push the time when Britain and France are closer for many years.

The hatred this time is too great. If nothing unexpected happens, the British, French and Austrian league will die after the crisis.

While shifting the economic crisis, it also hit the biggest competitor on the European continent. Franz's evaluation of this magical operation was "perfect".

Putting down the information in his hand, Franz ordered: "Let our people add a fire in secret to make this financial war bloodier.

In particular, we must focus on cracking down on French heavy industry. Many French steel mills are still struggling to support them, so we should help them.

Continue to super high international coal-fired prices, and ban domestic coal exports when necessary, so that the French can continue to study charcoal steelmaking technology!

By the way, we arranged for someone to release the news in France and threw the blame for the incident to the British."

Heavy industry is the most important and fragile industry in France. Due to the lack of coal resources, even in 1881, a considerable number of enterprises in France still used charcoal to smel iron.

As for "charcoal steelmaking technology", it is a joke. After repeated improvements by the French, charcoal steelmaking technology has become stable.

It's really stable, with the pass rate exceeding 10%. It's better not to mention the quality, but neither Britain nor Austria admits that the thing is steel.

Even though they knew it wouldn't work, French companies could only bite the bullet. There were only a few places of steel produced in Europe, and they were not within the control of the French.

Originally, the Rhineland region was the most suitable place for France's raw materials, but unfortunately, after the Pudd territory transaction, most of the coal mines in the Rhineland region fell into the hands of the British and Austrian consortium.

Nowadays, the consortium has not given up on its physical industry. Both parties have their own factories, so they naturally have to crack down on competitors.

Both sides tacitly controlled coal production and artificially raised international coal-fired prices to make huge profits.

If someone counts it, he will be surprised to find that the country with the largest export of coal resources to France is actually the inconspicuous Belgium.

Against this background, France's enterprises that consume a lot of coal are not having a good time. To crack down on French industry, the easiest way is to increase coal-fired prices.

It is not unfair to blame the British. Among the capital army that attacked the Franc, the British indeed had the most capital.

Whoever has more money will be the boss; whoever gets the most profit will be the culprit.

No matter how you look at it, the British are the most suspicious. If they say they are not the mastermind, I guess the French people will not believe it.

As for Austria, although Franz was very active in participating, he could not withstand the British's profound background and the funds mobilized were far from comparable to John Niu.

From the beginning of the operation, the dominance fell into the hands of the British consortium. The Austrian consortium could only play support, and its role may not be as good as that of the French consortium. The greatest contribution was probably to the formation of this game.

...

Franz's decision made the French economy a last blow.

The first ones fell down were not the dying steel companies, but the highly anticipated Moore Textile Group.

A big tree attracts wind. Compared with those steel companies that lose money all year round, people prefer companies with strong profitability like Moore Textile Group.

The international situation was surrounded by British textile companies, and downstream sales channel dealers defaulted; the domestic situation was spyed by consortiums, not only could they not get a loan, but there was also a farce of many sellers owing payments at the same time.

Forced to the point of being helpless, he had to go to court with the seller. However, before the trial began, Moore Textile Group, whose cash flow was broken, had to declare bankruptcy and reorganization.

The famous Moore Textile Group was eaten by a group of giant crocodiles during the reorganization, leaving only a mess.

This is just the beginning. It is not just a Moore Textile Group that is targeted by the consortium. Seeing international capital galloping in the financial market, the French consortium also wants to eat meat.

Valuable enterprises are divided up and eroded, while valueless enterprises can only go bankrupt, the bankruptcy wave spreads, and the economic crisis broke out in France.

...

(Note: There is no electronic device, it is all manual operation. There is a big difference between the financial model and later generations, especially in terms of transaction speed. It is impossible to type a keyboard with hundreds of millions of dollars.)
Chapter completed!