Chapter 737

In the face of the joint attack of the British and Austrian capital, the French government did not raise its hand to surrender, and Napoleon IV showed his daring to take responsibility.

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

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

No one knows exactly what they talked about. Anyway, after being interviewed by the emperor, people in the French financial circle have a lot of rules.

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

It was already too late at this time, and the attacking party had already hoarded a large amount of francs. Even if the domestic consortium was watched, it would not help.

In general, the Paris government's performance in responding to the crisis was remarkable, and the response measures were considered timely.

It is a pity that the fundamental cause of this crisis is that France's foreign exchange and gold reserves are seriously insufficient.

Theoretically speaking, France has a large amount of investment overseas, and as long as one-fifth of it is withdrawn, it can tide over the difficulties.

However, this is the 19th century, not the 21st century, and withdrawing funds from overseas is simply not something that can be done in a day or two.

Time waits for no one, waiting for the return of overseas funds, the French government's foreign exchange reserves are about to bottom out.

The Paris government is in a hurry. If it goes on like this, it will use its gold reserves to fill the hole in a few days.

Originally, the French government's gold reserves were insufficient, and if there is a large-scale outflow of gold, the value of the franc will definitely collapse. Rather than that, it would be better to surrender now.

...

In the Palace of Versailles, Napoleon IV no longer had the high spirits of the past, and the whole person was a lot depressed.

Obviously, this crisis hit him a bit, and the French Empire was not as strong as he thought.

Economy Minister Elsa: "We have limited the amount of exchange each time, but the number of people who come to exchange every day is still increasing.

Panic has been created, the market is not optimistic about the future of the franc, and there are more and more shorts in the financial market.

According to the current situation, if no other forces join in, it will be a matter of time before the market collapses. "

In the face of the attack of Yingao Capital, is there any force that can compete in this world?

The answer is: yes.

Although the French consortium is slightly weaker than the British Austrian capital, the British Austrian capital has not fully invested in it. If the French consortium joins the guard army, it will be fighting on the mainland. With the strength of the French government, they are completely capable of fighting.

After hesitating for a while, Napoleon IV said slowly: "I will send people to discuss with the domestic consortium. All other issues can be discussed, but the coinage right cannot be discussed.

Tell them that if they still refuse to give in, we will compromise with Yingao Capital, and then no one should think about it. "

The French consortium is willing to cooperate with the British Olympic Capital action, in addition to the benefits in the financial market, it is more to force the Paris government to make concessions.

If the franc really collapsed, it would not necessarily be a good thing for the French consortium.

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

The franc loses its status as an international currency, and the cost of the French consortium to go overseas will increase greatly.

Of course, it didn't scare them. Most capitalists do not think so long-term, and many consortiums rooted in the local area have little interest in internationalization.

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

If the French government compromises directly with Yingao Capital and leads the wolf into the house and puts Yingao Capital in, it will cost people their lives.

Nothing is impossible in the face of interests. What the French government needs is stability, and what Yingao 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 profit is obtained, the franc capitalists don't care if they are defeated or not.

Don't look at the financial turmoil that Franz brought up, in fact, at this time, capital from all over Europe has been gathered, and it has long been beyond Franz's control.

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

Real money has already been invested, and if you don't get any benefits, you just want the capitalists to stop. How is it possible?

...

"Stock Crash + Financial Crisis + Overcapacity = Economic Crisis", this set of calculations may not be 100% accurate, but 99.9% is still there.

First, Yingao dumped its products on France, and then caught up with the stock market crash. Before the French could breathe, Yingao Capital launched an attack on the financial market.

Linking all these things together, we can draw a conclusion - the transfer of the crisis to the outside world.

The most serious excess capacity is the British and Austrian industrial countries. Even if an economic crisis breaks out, these two countries will suffer the most.

Britain and Austria are facing not only excess production capacity, but also excess capital. The war money has just been made, and the capitalists of both countries are very rich in their pockets.

Under normal circumstances, everyone will put these funds out for investment, instead of putting them in the bank for interest.

It is a pity that the whole world is now facing excess capacity and investing in any industry is a disaster.

However, before the crisis broke out between Britain and Austria, the two countries that deserved the most crisis, France had a problem first.

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

gas.

A dead friend is not a poor person. If Austria wants to pass the current stage safely, transferring the crisis is an indispensable part.

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

If you don't take advantage of everyone's failure to react, and pull the British together 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 the Austrian threat theory surpasses the French threat theory. At that time, Britain and France will join forces to fight against Austria.

Now that the French are under attack in advance, this hatred alone can push back the time for Britain and France to move closer for many years.

This time the hatred is too great, if nothing else, the British, French, and Austrian alliance will come to an end after the crisis.

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

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

In particular, it is necessary to focus on the French heavy industry. Now many French steel plants are still struggling to support, we should help them.

Continue to keep high international coal prices, and if necessary, ban domestic coal exports, let the French continue to study charcoal steelmaking technology!

By the way, arrange for someone to release news in France and throw the blame for this incident to the British. "

Heavy industry is the most important and most vulnerable industry in France. Restricted by insufficient coal resources, even in 1881, a considerable number of French enterprises still used charcoal to make iron.

As for "charcoal steelmaking technology", that's a joke. After many improvements by the French, the charcoal steelmaking technology has become stable.

Really stable, the pass rate is more than 10%. Not to mention the quality, anyway, neither Britain nor Austria recognize that the thing is steel.

Knowing that it will not work, French companies can only bite the bullet. There are only a few steel producing areas in Europe that are not under the control of the French.

Originally, the Rhineland region was the most suitable source of raw materials for France. Unfortunately, after the Pude territory transaction, most of the coal mines in the Rhineland region fell into the hands of the British-Austrian consortium.

This year, the consortium has not given up on the physical industry. Both sides have their own factories, so naturally they have to fight against their competitors.

The two sides tacitly controlled coal production and artificially raised the international coal price in order to make huge profits.

If someone counts, they will be surprised to find that the country that exports the most coal resources to France is the humble Belgium.

Against this background, it is not easy for French coal-consuming companies. The easiest way to hit French industry is to raise the price of coal.

It is not wrong to throw the pot to the British. Among the capital army attacking the franc, it is indeed the British capital that has the most capital.

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

No matter how you look at it, the British are the biggest suspects. If they say they are not the masterminds, it is estimated that the French people will not believe it.

As for Austria, although Franz participated very actively, it could not hold back the profound British heritage, and the funds mobilized were far from comparable to that of John Bull.

From the very beginning of the operation, the leadership has been in the hands of the British consortium. The Austrian consortium can only play as an assistant, and its role may not be as good as that of the French consortium. The biggest contribution is probably to organize this round.

...

Franz's decision gave the French economy the final cut.

The first to fall was not the dying steel companies, but the much-anticipated Moore Textile Group.

A big tree attracts wind. Compared with those steel companies that lose money all the year round, everyone still prefers a company with strong profitability such as Moore Textile Group.

Internationally, it was blocked by British textile companies, and downstream sales channels defaulted; domestically, they were spied on by consortiums. Not only did they fail to get loans, but there was a farce in which many sellers defaulted on payment at the same time.

Forced to be helpless, and finally had to go to court with the seller, but before the trial began, Moore Textile Group, which had broken cash flow, 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, and the consortium is eyeing more than just a Moore textile group. Watching international capital gallop in the financial market, the French consortium also wants to eat meat.

Valuable companies were divided up and eroded, and valueless companies could only really go bankrupt. Bankruptcies spread and the economic crisis broke out in France.

...

(Note: There is no electronic equipment, all manual operation, the financial model is very different from the future, especially in terms of transaction speed, it is impossible to hit hundreds of millions on the keyboard)