The biggest problem is solved, and it will be easy to deal with later, and the rest is the issue of war reparations, the interests of the three bigwigs have been distributed, but there are still a bunch of younger brothers' interests, isn't it necessary to take into account?

In this regard, it will not be Konstantin's turn to worry, and Bulgaria has no younger brother to participate in the world war, and it has not promised anyone, so naturally there is no pressure.

There is no doubt that as one of the main forces of the world war, the Russians still have to take a large share, otherwise it is really unreasonable, although it is now very unreasonable!

Now there are only seven points of the share of the reparations, and there are only six points that can be matched, and Konstantin has already said that one point ceded by Bulgaria is for the Russians, and they will naturally not mention it again.

In terms of proximity, there is no doubt that Belgium was the first to receive the attention of Britain and France, this loyal little brother, who has been firmly following the boss directly to the country, obviously cannot be treated badly.

Poincaré took the lead in fighting for the younger brother: "According to the contributions made by various countries in the world war, after our three countries are the Russian Empire and Belgium, I personally suggest that the Russians take a share of 4.5 indemnity, Belgium take 1.2 share of indemnity, and move the border of Belgium to the west bank of the Rhine, which can be regarded as compensation for their contribution in this world war!" ”

After a moment's hesitation, Konstantin said: "Is the share of the Russians too small, I suggest that they make up enough five points, everyone's face should be better, and they can be allowed to use the ports of the German Baltic Sea, of course, this specific problem needs to be coordinated with the Germans themselves!" ”

This is what Ferdinand requested, although he wanted to pit the Russians, but on the surface, everyone was still an ally, and the tsarist government also helped Bulgaria back then, and now this favor must be returned!

This has nothing to do with interests, although the tsarist government also had ulterior motives back then, but Ferdinand still has to admit this situation, and it cannot make people feel that Bulgaria owes the tsarist government.

Konstantin's proposal surprised the two of them, for the need to balance the strength of the three Russian parties, they needed to limit the strength of Nicholas II, how could they help him?

Lloyd-George asked in surprise: "Mr. Konstantin, has your position changed on the Russian question?" ”

Konstantin said frankly: "No, Bulgaria's attitude on the issue of the Russians has always been clear, but as you know, we have to come forward to fight for their interests!"

For the sake of balancing the forces of Russia, I don't think it's a problem, don't the Russians owe you a foreign debt? Just let them pay off your debts with this indemnity first, and the result will be the same! ”

The two did not oppose again, as long as they did not break the balance of the three forces in the Russians, even if the Russians took a little more, everyone said, anyway, in the end, the money still went into their pockets.

Then Nicholas II was forced to do so, thinking that he could use the reparations obtained in this world war to start a war of unification, but now he has lost it before he gets it, and even this indemnity may not be able to pay off the foreign debts owed by the Russians to Britain and France!

In the end, Belgium received a point of German war reparations, and a part of the territorial compensation, and their homeland was equivalent to nearly a quarter of the expansion, presumably they would not have any opinions, for the Germans a few thousand square kilometers would be gone, and there would be no broken bones.

The remaining dozen or so countries jointly divide the last point of reparations, and the three bigwigs have no interest in fighting for them in this specific amount, so let's leave it to the people below to deal with!

Poincaré thought for a moment and said: "Now we can determine the exact amount of reparations to be paid by the Germans, whose gross national income in 1914 was 51.1 billion gold marks (about 2.5 billion pounds), according to the economic situation of the Germans."

According to the precise calculations of the financial experts, if we were to receive compensation in kind, the Germans would have been able to repay 20.5 billion gold marks (about £1 billion) a year, after deducting basic necessities and government administrative expenses.

Therefore, their highest debt-bearing capacity is 410 billion gold marks, and now the Germans also have some heavy industrial equipment, high-tech products, overseas assets can also be used to pay off debts, these real estate we discount 80 billion gold marks, they are still in the mine to take out another 50 million tons of coal every year, it is also easy, as well as their domestic gold reserves, etc., together we think that the Germans pay 600 billion gold marks is a reasonable figure! ”

Whether Poincaré's calculation was correct or not, Konstantin didn't even think about it, he only noticed 600 billion gold marks (about 29.34 billion pounds), which is equivalent to 214,000 tons of gold, and God knows how the Germans could pay for it!

Without waiting for Konstantin to speak, Lloyd-George sneered and said, "Mr. Poengaré, are you sure that there is no error in your calculations?" Such a huge sum of money, I don't think the Germans have the ability to pay it back!

Of course, if your country can guarantee that the Germans will be able to pay, we have no opinion, if there is a shortfall, your country will make up the shortfall! ”

How is it possible that Poincaré's face changed and asked the French government to guarantee the war reparations for the Germans? If he dares to agree, the angry people will not tear him apart!

Besides, this figure is nonsense, and the figure calculated by experts is based on the premise that the Germans distribute the living materials equally, in fact, everyone knows that no country can really distribute the living materials equally, and the waste of the food class is inevitable!

This also means that the Germans will not be able to pay this huge amount of money at all, and Poincaré, who was staring at his hair, said again: "Let the Germans pay 480 billion gold marks (about 23.472 billion pounds, equivalent to 171,300 tons of gold), this figure is always within their affordability, right?" ”

Konstantin's thoughts had already drifted, he was already stunned by the magnanimity of the usury empire, and simply chose to shut up, anyway, Ferdinand set the bottom line for him is 800 million pounds, even if the amount of this indemnity is discounted by 500 million, it is a big exceedance, just watch the excitement, anyway, the more the Germans lose, the higher Bulgaria's claims can be sold!

Without the persistent bargaining of the Americans in history, it is also a mystery how much a John Bull can cut down now, of course, because German Poland did not have independence, and the Germans are now more solvent than they have historically.

Lloyd-George thought for a moment and said, "Mr. Poincaré, have the experts of your country not taken into account the actual situation?" Don't you know what Germany looks like now?

The war also brought a large number of casualties and huge economic losses to the Germans, and their actual ability to repay was not at its peak at all, and even if they were given another ten years, they might not be able to recover to the economic level of 1914!

According to the calculations of our economists, the maximum solvency of Germans does not exceed 9.8 billion pounds, or 200 billion gold marks.

If you can get an extra penny from the Germans, we have no objection, provided that you can vouch for the Germans, otherwise ask your country to come up with a sincere price! ”

"Huh?"

Poincaré snorted coldly, and then said, "It is impossible for us to vouch for our enemies, so you should die of this heart!" ”

After saying that, the two began to stare at each other again, and they didn't give in to each other, and this situation basically happened many times a day, and in the end it was Konstantin who came forward and diluted the mud.

With a conscience of heaven and earth, Konstantin could guarantee that Bulgaria had not calculated the maximum solvency of the Germans, but he could still judge from the dispute between Britain and France that the Germans could not afford to pay this huge amount!

Even a shrunken version of 200 billion gold marks they can't take out, unless someone gives them a blood transfusion to continue their lives, God forbids that Germany's economy will not collapse after the war!

After pondering for a moment, Konstantin spoke: "Let's give way to each of you, considering the current economic situation of the Germans, I doubt how many years it will be before they can afford to pay the interest!"

If we insist on it, we also have to extend their repayment period, otherwise they really can't afford to pay it back! ”

After two more days of arguing, everyone finally reached an agreement, and the final reparation figure for the Germans was determined at 318.6 billion gold marks, an increase of 49.6 billion gold marks over history.

This astronomical figure is equivalent to 15.58 billion pounds, about 114,000 tons of gold, anyway, Konstantin said that he can't afford to hurt, Bulgaria has developed for so long, and the sum of the GDP from the founding of the country to the present may not be able to exceed this figure!

With the current economic situation in Germany, let them work without food or drink for ten years, and they can't pay off the loan, Konstantin asked with some hesitation: "How can the two Germans pay the reparations?" If it's gold or foreign exchange, I think we'll still be collecting it in the next century! ”

Poincaré said calmly: "We can pay it off in 99 installments, and let the Germans hand over 200,000 tons of new ships every year; 44 million tons of coal, 400,000 head of cattle, half of all industrial products produced in Germany are handed over every year, and that's almost enough!

The interest is still based on the standard monthly interest rate of 4.5 thousandths for Italy, and a late fee of one thousandth of the total compensation will be charged every day that it is overdue! ”

Is the interest rate high? In this era, it can't be considered too high, and everyone's interest rate level is here!

If you look at it in another time, this interest standard is really not high, at least it is much lower than the bank loan interest of a certain country in the future, and the late fee is not even comparable to the credit card, which is really conscientious!

Lloyd-George also nodded, and said very cooperatively: "Mr. Poincaré's proposal is good, according to this request, the Germans are likely to pay off the loan early!"

In recent years, the Germans need to recover their economy, we can not rush to collect so many materials, and the Germans have not a few assets overseas, we can freeze their industries to offset the reparations.

In addition, Germany still has many colonies, we can also deal with them at a discount, and their merchant ships are not needed if they want to come, so we will requisition them first.

There are also German military industrial enterprises, heavy industry, if you are interested, you can also buy it back at a discount, the total value of these real estate is estimated to be four or five billion gold marks, but now the discount is at most five percent!

Now all the enterprises in Germany, as long as everyone has something to look at, can buy them back at a discount, and I think we can also raise another 18 billion gold marks! ”

Konstantin nodded, it was nothing more than selling the assets of the Germans at a low price, he naturally would not object, now it is a question whether he can find a buyer, and besides, it is the Germans who suffer losses, what does it matter to him? Besides, Bulgarian companies might be able to take advantage of the opportunity to make a profit?

Konstantin thought for a moment and said, "Well, let's just set up a German asset appraisal committee in our three countries and sell these surplus properties for them!" ”

There is no doubt that this profitable business has fallen into the bowl of the three bigwigs, and it is not surprising that the factory worth 10 million gold marks was sold by 1 million gold marks, this is already very conscientious, if it is a little more ruthless, maybe 100,000 gold marks may be sold!

This is the future of German business, it can be said that this time the Germans fell, and the capitalists of the three countries ate enough!

The specific distribution of benefits, everyone tacitly did not mention, anyway, the people below will do a good job, with the industrial volume of the Germans, it is not at all which of them can eat it all, and even the three may not be able to swallow it in one bite!

……

In the palace of Sofia, looking at the negotiation results sent back by Konstantin, Ferdinand was directly dumbfounded, it is not a matter of the amount of compensation, the amount of compensation that Bulgaria received this time is 35.046 billion gold marks (about 1.714 billion pounds), this figure has greatly exceeded Ferdinand's mental estimate.

It's not a question of selling German industry, everyone can make a profit by selling German companies cheaply, there is no need not to do it! What he couldn't figure out was that Britain and France dared to let the Germans take out half of their industrial products every year to pay off their debts!

What's going on? In Ferdinand's opinion, this is completely an enemy! This is equivalent to the Entente preserving the industrial system of the Germans for the benefit of the reparations!

Even if some enterprises are split up by the three countries, it will only be a small part of the high-tech industry or heavy industry, after all, the three countries are all industrial countries, and they have their own systems, and they can't connect with the industrial system of the Germans!

As long as the Entente countries take over half of the industrial products of the Germans, it is conceivable that German goods will be flooded in every corner of the world in the future, which is equivalent to promoting them for free, and also invisibly promoting the ceiling of the industrial development of the Germans!

Even the colonial market that the Germans desperately wanted Britain and France to open up before is now opened by Britain and France, anyway, as long as the Germans hand over industrial products to them to pay off their debts, the problem of sales is the problem of Britain and France themselves!

At the same time, when the Entente used cheap German goods, they also squeezed the living space of the domestic manufacturing industry, and Ferdinand now understands why the industrial development of Britain and France after the First World War is advancing at a rapid pace, and they are all killed by their own people!

It is no wonder that after Hitler came to power and stopped the war reparations, the German economy ran wild as if it was on the hook, easily surpassing the sum of Britain and France, which was completely caused by Britain and France!

Knowing this serious consequence, Ferdinand made up his mind that the industrial and commercial products of the Germans would never be able to enter Bulgaria, and that the stupidity of squeezing their own domestic manufacturing industry should be left to Britain and France.

Even if it is cheap, Ferdinand will not take it, no matter how he says that Bulgaria's domestic manufacturing industry himself occupies most of the country, if the industrial and commercial products of the Germans are brought in, this will not only damage the national interests, but also his personal interests!

It's just unbearable! Ferdinand immediately made up his mind, even if Bulgaria needed German products, it would have to dismantle the factory and come back and make it himself!

Even if these debts were sold cheaply, or exchanged with Britain and France for the Germans' colonies at a high price, they would never have been able to let such a catastrophe happen in Bulgaria!