"Your Majesty, at the moment our exports are down 18%, many factories are underworking, and many workers have been laid off. At present, there is a panic in the market about the economy, and the previous government has not been able to calm the people's emotions, so the government wants to ask His Majesty to stand up and support the Romanian economy. ”

In the palace, Prime Minister Karaturi is reporting to Eder on the current economic situation in the country.

"Will it work if I stand up?"

Eder stood up and replied to His Excellency the Prime Minister.

"At the very least, it will reduce the panic in the market, many people are afraid of the situation in the United States, and the number of people withdrawing deposits in Romania's major banks is now twice as high as before. Fortunately, at the prompting of His Majesty, the bank prepared sufficient cash to cope with the situation. ”

The Prime Minister's words made Eder feel speechless, but in fact, in order to deal with the running wave that appeared this time, Eder quietly gave the Prime Minister a move. That is to print a batch of banknotes, as little as it gives people the impression that the bank is trustworthy. At first, the prime minister was a little reluctant, but after seeing the run on the bankrupt banks on the American side, he immediately agreed.

Although Romania's banking sector is largely supported by the government and is quite large, it is better to have the banks stock more banknotes just in case. Those who know the banking industry know that there is not much cash in the bank, and the savings they absorb are basically lent out, or they buy various financial products to maintain their value.

The outbreak of the financial crisis in the United States has made Romanian banks more vigilant, and many loans have been recovered as much as possible, and there are emergency funds provided by the government to withstand the impact of this time.

Although the banking sector has withstood the impact, the economic problems encountered by other countries have caused a setback for Romania's exports. The Prime Minister felt bad about the decline in exports to Europe and the United States, so he approached Eder to discuss how to deal with the economic crisis that affected the world.

"How's that infrastructure plan that you did last time?"

Edel looked like he was asking about the plan he hadn't asked about in a long time.

"Your Majesty is ready, and this time we have learned the lessons of the past and prepared a plan for the construction of infrastructure up to 8 billion lei. It is mainly used in the construction of railways, highways, docks, etc. ”

When the prime minister said what he had planned, Eder frowned.

"It's still too little, not enough."

Eder's words sent Karaturi close to falling.

"Your Majesty, this is already the maximum plan made according to the government's finances."

Karaturi's perception of the economy is now common in Europe, so Eder decided to give him a science on the power of deficit finance. "I know that, but we can invest more in infrastructure construction."

"I think 20 billion lei of infrastructure construction funds are reasonable."

In the face of such a big surprise from Eder, Prime Minister Karaturi said with some horror. "Your Majesty, my country doesn't have that much money, unless it is to put money back from the United States into it. But didn't these funds say that they had already decided to use them for other purposes? ”

Faced with Karaturi's words, Eder replied. "Yes, I plan to put the money into other uses, but it doesn't mean that the government can't get the money. The power to issue money is in the hands of the government. ”

And Eder's words clearly have to manipulate the issuance of money, which makes the prime minister a little difficult to accept. "Your Majesty, you must know that the current monetary policy cannot be easily changed, otherwise it will have too much impact on our country's economy."

The Prime Minister's words are also very reasonable, as all countries are currently implementing a gold standard, while countries that do not have enough capital will issue their currencies in the US dollar or pound sterling. However, at present, the gold reserves of various countries are far from meeting the needs of the economy, so over-issuance of currencies is very common among countries. It is generally 3-6 times the excess gold reserves, and Romania currently maintains this level.

Eder's words clearly intend to depreciate Leu, which is good for exports, but also increases the burden on residents. And after the depreciation of the money in the hands of residents, it will cause some problems in society.

"I know that, but for now, the first thing is to ensure the sustainable development of the economy, and if there is an economic crisis, it will be more costly to the people."

Eder didn't know that this would cause some problems, but Romania was not a Soviet Union and was independent of the world economy. The effects of this Great Depression are destined to come, and if you don't prepare for it in advance, it will inevitably cause social unrest, just like other European countries.

In fact, the over-issuance of money is more like sucking wealth from the hands of the people, and there is definitely dissatisfaction. But at the very least, this will allow the government to raise a sum of money that can be used to forcibly pull the economy up and prevent Romania from falling into the shoes of other countries.

This is also the reason why the population of the Romanian country is insufficient, as well as its resources. Insufficient population does not allow the formation of sufficient domestic markets, and insufficient resources make it necessary to import many raw materials, which are largely affected by the economy. If there were so many people and raw materials in the Soviet Union, Eder would dare to play by himself behind closed doors.

At present, he only has the $900 million in funds he brought back from the United States, and he is still ready to use these funds to buy the bottom, and of course he cannot invest them in domestic construction.

So I can only grieve the prime minister and others, anyway, this is a decision made by the government. Being scolded by the people is also a problem of the government, and Eder is nothing more than a monarch who has been deceived by the government. In the next parliamentary election, a new prime minister will be able to calm the people's emotions.

As for the Prime Minister, who has worked hard, he has served two terms as Prime Minister anyway, and he is destined to step down in the future, so it is better to make his final contribution to the position of Prime Minister.

It's not Eder cold-blooded, it's politics. His Excellency the Prime Minister has also been silent in politics for many years, and he should understand this.

What Eder meant, there is something in Karaturi that he does not understand. His Majesty's efforts to widen the deficit and boost the economy had never been seen before. However, it does not mean that he does not know its role, and it is always useful to invest money in infrastructure. And could he have reversed Eder's intentions? No, then you can only do what Your Majesty asks.

"Your Majesty, I'll go back and do what you instruct, and I'll let the government come up with a construction plan as soon as possible."

At the end of 1929, the government was faced with the public's worries about the future economy. Come up with an infrastructure plan of up to 20 billion lei. In this plan, several major transportation arteries will be built in the country. The first railway from Lviv to Odessa will start next year, and the second, a double line from Constanta to Bekeschobao via Bucharest, will also begin. Thirdly, the construction of the railway through Transcarpathia to Lviv began. The fourth railway from the capital Bucharest to Odessa via Galati was built.

These four railways are also called two vertical and two horizontal trunk lines, and they will play a role that cannot be underestimated in both the economic improvement and the transfer of the army.

In addition to these four railways, the railways currently owned by Romania will also be upgraded and maintained.

In addition, Romania will build three high-level highways, one from Bucharest to Lviv, which will pass through the country's elite areas such as Buzeubaku. A high-speed highway from Galati to Odessa will benefit people on both sides of the road.

There is also a ring road from Bucharest to Constanta to Varna and then through Giuliju back to Bucharest, which will also drive the economic development of the region.

These are asphalt roads with four lanes in both directions, and are designed for speeds of up to 65 per hour. Arguably the best road facilities in Romania at the moment.

The other is the expansion and dredging of two of Romania's most important ports, Odessa Constanta, in order to shorten the detention time of goods in the ports. Then for the river transport that is still important in Romania, the river transport ports such as Gyulijiu, Kolelahi, and Galati will be updated, and the dredging of the Danube will also be increased, and the investment in river transport will also make its transportation volume new.

In addition, the government has not spared it in water conservancy facilities. Romania will build a hydropower plant on the Danube with a total installed capacity of 2.8 million kilowatts, which will not only facilitate irrigation but also reduce the harm of flooding downstream. The power station was selected in Mehdingc County, which borders Yugoslavia, where the terrain is suitable for the construction of hydroelectric power plants.