Chapter 1028 Abnormal Commercial Loans

Every huge loan cannot be finalized in a few words. In addition to the exchange of political interests, it is also accompanied by a series of risk assessments and detailed negotiations.

Commercial loans are different from pure policy loans.

Pure policy loans are completely covered by the government, and banks only lend money on their behalf without considering risks and returns; commercial loans are different, even if they are guaranteed by the government, they are limited to the principal part.

The specific benefits and risks still need to be assessed by commercial banks themselves. In theory, as long as the bank believes that the risks outweigh the benefits, the loan will fall through.

From this point of view, even if the Vienna government agrees to grant the loan, it is still unknown whether the Spanish government can finally get the loan.

Of course, things are not negotiable. Capital seeks profit, as long as the return is high enough, risk is no longer a problem.

Junior was naturally very disappointed that he failed to get the full support of the Vienna government and had to bargain with the bankers.

Based on his past experience dealing with bankers, Junior knew that it would be impossible not to bleed this time. Thinking of Spain's current financial situation, Junior is in a bad mood.

"Borrowing money is difficult, and paying it back is even harder!"

If there is no accident, after the loan is obtained, the Kingdom of Spain will surpass the Confederate States of America and become the third largest debtor country in the world after the United States of America.

The ones ahead of them were, of course, the Russians. Being able to owe huge debts these days is also a skill, who else but the tsarist government?

Although the Vienna government also carried huge debts, the Holy Roman Empire was still a creditor country.

Just like a company, it owes money to upstream raw material suppliers, and at the same time, accounts receivable from downstream distributors have not been collected.

The payment for goods should be included in the cost, and the accounts receivable should be included in the profit. If the profit exceeds the cost, it is a profit, otherwise it is a loss.

Although the Vienna government owes a lot of money to others, there are more people who can't help but owe them money. On a comprehensive basis, the creditor's rights are still greater than the debts.

Just look at the debts of the Tsarist government next door, most of which were borrowed from here. In addition, there are a bunch of younger brothers who are also large accounts receivable accounts.

There is no way, banks also need to assess risks.

Like European countries that have declared bankruptcy, no commercial bank dares to lend them money, even if there is a guarantee.

It also takes time to collect debts. With a nearly 100% default rate, no one is willing to do it on anyone!

In the end, only a compromise solution could be adopted. The bank lent money to the Vienna government, and the Vienna government lent money to them.

As a result, the Vienna government, which has been reducing its debt holdings, has not only not reduced its own debts, but has increased a lot.

Originally, Junior also wanted to obtain this special loan. After all, the Vienna government has taken over the risk, and the interest rates on loans given by banks are usually very low.

It's a pity, just think about such a good thing. How could the Vienna government act as a fool without offering enough benefits in exchange?

What's more, Spain is not unable to provide collateral. Compared with those poor and white boys, the Spanish government is relatively rich.

Whether it is the right to issue banknotes, or colonies, or tariffs, or even territory, they can all be mortgaged.

The fact that the Vienna government is not interested does not mean that no one is interested. In the eyes of many people, these are high-quality assets. As long as you sell to the right customers, you will be able to gain a lot.

"Extracting oil" is still suitable for professionals. In this regard, bankers are definitely the most professional, none of them.

As for the risk of default, who wants to make a fortune without taking risks? As long as the Vienna government is willing to guarantee, the risk is within the controllable range.

...

"Have you checked it out?"

Junior asked.

Although he reached an initial agreement with the Vienna government on the loan issue, he still did not abandon the line of Jewish capital.

"Money" is never too much. If possible, Junior still wants to get as many loans as possible.

After all, war is full of uncertainties, and no one can be sure of the final cost until the last moment.

If it weren't for the fact that there was no way, it would be impossible for the Ministry of War to propose to recruit "French mercenaries" to fight. The military has no confidence in its own soldiers, and Junior has even less confidence.

Just look at the Philippine War. Spain's most elite troops also have an absolute advantage in firepower, and they can't even deal with a group of Japanese natives.

Although the Spanish army has an advantage in the exchange ratio, after comparing the performance of the French mercenaries, it is a comparison of goods.

In fact, the problem of insufficient combat effectiveness of the Spanish government forces was exposed in a more important period. If you go deeper, you can go all the way back to the last century, or the last century.

But now the problem is more serious. Everyone knows that the Spanish Army must be reformed, but now is a time of war, and the Spanish government doesn't know how to start.

Since their own army is not strong enough, they can only rely on "krypton gold" to make up for it. Without preparing some money, Junior was really worried that there would be insufficient funds again.

Minister Bullard: "The time is too short. We only found out their identities on the surface. Whether they have colluded with other forces secretly is not yet certain.

You may not believe it, the stories of these guys are sorted out into a legendary novel

Say.

If you want to choose a name, I think it can be called "The Struggle of Jewish Capitalists", or "The Resilience of Jewish Capitalists".

According to the information we found, these guys have a glorious family history in their predecessors, and their fathers once dominated the largest financial consortium in Germany.

It was just because he was too greedy and wanted to extend his tentacles into politics. He secretly supported the Revolutionary Party during the Vienna Rebellion in 1848.

Afterwards, these financial consortiums were liquidated by the Vienna government. However, these people reacted quickly enough, seeing that the momentum was wrong, they immediately ran away.

People run away and the foundation is gone. Either destroyed by the rebels, or confiscated by the Vienna government. In short, after 1848, the power of Jewish capital in Austria was severely damaged.

After the turmoil, the lucky ones who escaped a catastrophe, relying on the capital transferred in advance, made a comeback again.

It's just that they were unlucky this time, and they happened to catch up with the major anti-corruption case of the Vienna government. The Jewish capitalists involved in the case were taken care of by the Vienna government. Hundreds of them were hanged, and thousands of them were exiled overseas.

After the incident, the power of Jewish capital in the Austrian financial circle was basically wiped out and declined.

Although the Jewish consortium was destroyed, there were always a few fish that slipped through the net. The people who are in contact with us now are the descendants of the fish that slipped through the net, and now they are pushed to the surface and become the talkers.

At present, it is only found that it is related to the Jewish capital in the German region. Originally, they had very close ties with Austrian Jewish capital, and the actions of the Vienna government also harmed their interests.

Driven by interests, these people have always been the most opposed to rebuilding Shinra. It's just that the back arms can't hold back the thighs, so they can only accept the reality.

After the establishment of the Holy Roman Empire, in order to avoid being liquidated, these Jewish capitals also restrained a lot.

On the one hand, reduce the sense of presence as much as possible; on the other hand, strengthen the establishment of contacts, and strive to make friends with powerful people.

I just don't know why, but suddenly found us. "

Knowing that the financial control of the Vienna government is strict, it is not suitable for capital speculation. Jewish capital still did not run away, but stayed in the Holy Roman Empire, which can already explain many problems.

Perhaps in the eyes of the outside world, Jewish capital is one family. In fact, the competition among Jewish capitals is equally fierce.

"You cheat me today, and I cheat you tomorrow" is the normal state of capital operation.

The so-called brotherhood only exists among ordinary people. Capitals all over the world are the same, and their essence is all-profit-seeking.

The market is not infinite, and competitors are not welcome to join. It is easy to leave the Holy Roman Empire, but changing places does not mean that you will have a good life.

The anti-Semitic movement is no joke, and outsiders who have nothing to do with it are fat sheep delivered to their door. To test the will of a wolf with a fat sheep is simply...

In comparison, the Holy Roman Empire fared fairly well. Although the government is relatively lenient, the Vienna government abides by the rules!

Within the scope of the rules, although it is difficult to obtain huge profits, it is better to be safe. You don't need to worry about being clicked when you wake up.

For ordinary Jewish people, the impact is even smaller. In addition to strict education control, there is no Jewish school, and they can only study in public schools, a stable social environment is already their favorite.

However, compared with the ups and downs of life, these small flaws are not incompromising. After all, ordinary Jewish people have to be busy with three meals a day every day, and they simply don't have time to take care of so much.

Against this background, although there have been many Jewish immigrants into the Holy Roman Empire in recent years, the concept of the Jewish nation has gradually been weakened.

National integration is in the interests of ordinary people, but it hurts the interests of Jewish capital.

Without the cover of these ordinary people, they are like lights in the dark night, and they are the brightest cubs wherever they go.

Forced to do so, many Jewish capitals in the Austrian region did not regard themselves as Jews, and started to lurk.

So that on the surface, the Jewish capital in Austria has indeed declined, and now it is dependent on the Jewish consortium in North Germany to survive.

There wasn't a lot of content found, but the things on the bright side gave Bruniol a headache.

Politics is brutal. Based on past experience, Junior knew that the simpler the background, the bigger the problems behind it.

A few Jewish capitalists who have been severely beaten by society, if they have no support, why would they dare to accept such high-risk loans?

"If we agree to their conditions, when will the loan be released at the earliest?"

I don't know who is behind it, it doesn't matter, anyway, real money can't deceive people. As long as he can get the loan, Junior doesn't care who is behind the scenes.

"Calculations" must also be based on strength. If it's just a few dignitaries, Junior doesn't mind letting them know what social cruelty is.

Minister Bullard: "These people promised that after signing the contract and releasing it to the public, they would start disbursing the money within a month.

They also put forward the condition that they should send someone to monitor the use of funds. To ensure that funds are not misappropriated, they make weekly releases.

The first batch of loans is 1 million Aegis, and then the weekly loan amount is determined according to the actual situation. "

"something wrong!"

This was Junior's first reaction. Although it is an international practice to lend money in batches, once a week is released, it seems too frequent.

After wandering a few steps indoors, Junior said slowly: "

Promise them, but the first batch of loans cannot be one million Aegis.

According to international practice, the amount of the first batch of loans should not be less than 10% of the total loan amount. And the loan time cannot be one month, but must be within one week. "

...