Chapter 349: The Struggle for Funds (Part I)

After inspecting the results of the operation, Eder returned to the palace.

As for Milok and Caust, naturally they need to go about their work. They still have a lot of finishing touches to deal with in this gold operation, and the current situation in Europe also needs attention, which they are busy with.

However, shortly after Eder returned to the palace, a guard came to report that the Prime Minister and the Minister of Finance had requested a summons.

Upon hearing this, Edel smiled, this must have come for this windfall.

This is also understandable. After all, Romania was also wealthy before, and accumulated a lot of wealth completely by neutrality in the early stage of this war, and this was basically made up for many debts for industrial development. For example, investment in higher education, construction of primary medical facilities, improvement of transportation, and so on. These are all gold-swallowing beasts, and no matter how big the investment is, they can be swallowed.

And when Romania was preparing to enter the war, it had only a balance of 1.6 billion (more than $300 million) in its finances. This is still the result of Eder's early greeting, otherwise there is not much left. Of course, as the head of the government, Prime Minister Brettianu also knew the importance of this war for Romania, so the government was very supportive of the kingdom's entry into the war.

But as the war began, the money slipped away from the government like a tidal wave. The purchase of weapons and ammunition, the pension of the army, the repair and construction of the newly seized territory, etc., all made the government feel that the funds in its hands were completely insufficient.

And most importantly, for the support of Romanian industry, it also costs a lot of money. Because of the rapid change in Romania's diplomatic attitude (from proximity to the Allies to neutrality and then declaration of war), a large number of enterprises engaged in exporting to the camp of the Central Powers suffered a lot of losses. The losses of these affiliates account for 70% of the total number of enterprises in Romania.

This can also be seen how much Romania, a country with close economic ties with the Central Powers, suffered in order to join the Entente camp.

Although the Entente gave Romania some economic compensation and preferential policies, Britain and France, which had relied on American loans for many benefits, could give much benefit. The United States, which has no immediate pressure, has mainly provided material aid to Romania. As a result, large and small enterprises, which are accustomed to eating alone in the camp of the Allies, have limited benefits in the face of fierce competition in markets such as Britain and France.

Fortunately, Romania's entry into the war has eased this downward pressure on the economy. A large number of laborers were incorporated into the vast machine of war, allowing these enterprises to survive for a while.

The government, on the other hand, can be selective in supporting this situation, and the technical and capable enterprises can develop and grow, so that Romania can minimize the post-war depression.

So after Eder inspected the gold, Prime Minister Brettianu immediately came to the door with the Minister of Finance.

It's all in one sentence, money is a mess.

So within a few minutes, Eder met Prime Minister Brettianu in his office, and Lord Albert, the Chancellor of the Exchequer who accompanied him.

Lord Albert succeeded the old Chancellor of the Exchequer who retired due to illness in 1916. His experience was also very inspiring, his father was a well-known banker in Romania at the time, and he showed extraordinary financial ability from an early age.

However, when his father went bankrupt due to a financial fraud case, Albert's life changed dramatically. A rich and elegant life was far from him, and he had to drop out of school to work as a helper in order to live in a difficult situation.

However, this did not dispel his thirst for knowledge, and he helped others to study on his own and get admitted to university. Among them, his efforts to study allowed him to be sponsored by the family where he worked. After graduating from university, he worked as a clerk in a bank and then as a branch president. He was then introduced to the Ministry of Finance because of his outstanding performance, and then began a career in the Ministry of Finance that lasted for nearly 20 years.

Through his own efforts, he successively served as Director of the Budget Division of the Ministry of Finance, Assistant to the Chancellor of the Exchequer and Director of the Financial Service. Among them, he is in charge of the establishment of the Reserve Bank, and it can be said that there is nothing he is not clear about in the area of finance and finance.

"You two, what's the matter with this visit?"

In his office, Edel leaned back in his chair and smiled as he asked what the two important ministers were about.

In response to the king's inquiry, Prime Minister Brettianu first took a document from himself and handed it to Eder. "Your Majesty, this is a report on the reconstruction of northern Moldavia."

Eder took the document, and he knew about the reconstruction of the northern part of Moldavia. In this matter, it all starts with Admiral Courtois's reconquest of lost territory.

As a territory occupied by the German army, the fall of several cities and vast rural areas in northern Moldavia caused Romania a lot of losses. Moreover, because of the occupation, there was also a large flow of war refugees in Romania. More than 200,000 people who were unwilling to be disturbed by the war rushed to the rear with their families, dispersing the fleeing people, maintaining order, and receiving supplies put a lot of pressure on the government.

Now, with the old general leading the Moldavian Army Group to regain lost territory one after another (mainly the German army in the face of the return of the main Romanian force and the Allied troops reinforced after the defeat of Bulgaria, the initiative to retreat and occupy the majority. The reconstruction of the German-occupied territories was also on the agenda.

On the urban side, Suceava, which was largely destroyed by the fighting, needs to be rebuilt. The cities of Hohmann and Iasi, which did not break out in heavy fighting, were also plagued by the German army. Even the city of Bakwu has many buildings that have been damaged by German artillery.

And the countryside, for the Germans who were seriously short of food, could not be spared, and countless villages were forcibly expropriated with food. In the face of heavily armed soldiers, a large number of villagers who were reluctant to give up their property or could not leave had to obediently hand over their food stocks. However, these robbers dressed in military rotation have some conscience and did not collect the villagers' rations. Looking at the German grain collection team that was fully loaded, the villagers could only look at the Deutsche Mark in their hands and cry without tears.

Before the Germans planned to evacuate, many of the grain that was about to ripen in the countryside was forced by them to be harvested and transported away in advance. This phenomenon also reflects the extent of food shortages in Germany. At the same time, it has also increased the relief materials of the Romanian government a lot.

All this adds up to a loss of about 800 million lei for Romania, and the current government can only provide it with about 50 million lei in material aid first.

So when the prime minister took out the document, Eder read it a little and signed the word "agree".

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