Chapter 46, Loans
Medical problems, Ferdinand has no intention of solving it now, as long as the manufacturing cost cannot be reduced, it is nonsense to talk about this problem, you can't learn from the future generations, and get an insurance company to deal with it, right?
Economic experts have long calculated that if the insurance company is used to solve the problem of medical treatment, this insurance premium will not be considered less than one hundred and fifty leva, which is almost a month's income of the average worker in Bulgaria!
How is it possible to add up so many mouthfuls of their family, and all the income of a worker who does not eat or drink for a year is used to pay insurance premiums, which may not be enough?
The cost of medical care is too high, which is the focus of the contradiction! If you can't solve this problem, you can't succeed no matter how you do it, and you can't let the insurance company operate at a loss, right?
On the contrary, pension insurance can be carried out, but now the pension problem in Bulgaria is not serious, the average life expectancy is only more than 50 years old, and it is rare to live to be over 65 years old.
Coupled with the fact that the number of children is large now, the shared maintenance obligation is not heavy, and this social problem has not yet been stimulated.
In the Hermitage in St. Petersburg, Nicholas II was worried about the loan, and it was difficult for Ferdinand to relent, but what to convince the Bulgarian government was difficult for him.
Due to the intervention of the British and French governments, international consortia have closed the door to loans to Russia, and it cannot be said that at least the Moscow government and the new tsarist government have received a lot of international loans, and only the government of Nicholas II has been restricted!
It has to be said that John Bull is playing smoothly, and now all three Russian governments have supporters behind the scenes, the British are supporting the new Tsar, the French are supporting the Moscow government, and Bulgaria is on the side of Nicholas II.
Nicholas II called for Paul, a retired diplomat who was well versed in Bulgarian affairs, and asked: "Marquis Paul, what conditions do you think we have to offer in order for the Bulgarian government to approve this loan!" ”
The Marquis of Paul, who is already over eighty years old, is also very difficult, and the question is almost to ask again, how much profit must be sold to satisfy Bulgaria's appetite!
In the end, he was still a diplomatic ambassador in Bulgaria for twenty years, and Marquis Paul did not disappoint Nicholas II, but he said with some hesitation: "Your Majesty, Bulgarian political power is still concentrated in the hands of the king, as long as you can convince Ferdinand I, this problem can be easily solved!" ”
Nicholas II nodded and continued to ask, "What about exactly?" I have dealt with Ferdinand and know that he is very face-loving, very reputational, and on the surface his moral integrity is impeccable.
But in fact, he is the lord who does not see the rabbit and does not scatter the eagle, and there is not enough interest, and he has an excuse to refuse this loan!
Even if I ask my sister Xenia to do his work, it will not succeed in the end, and it is estimated that he will be very angry and throw hundreds of millions of leva over and announce that he has given it to us! ”
In the end, Nicholas II laughed at himself a little, when did the Russian Empire fall to the point where it needed to let relatives give money to live?
I have to say that as time goes by, everyone has studied Ferdinand's personality very much. Although the Bulgarian government supported them very little after the outbreak of the Russian Civil War, the Bulgarian royal family's approach left the whole world speechless!
Every year, humanitarian donations were made to the Russian Empire, and over the past few years, seven or eight donations have been made, with a total amount of more than 100 million leva, which made Nicholas II embarrassed to open up to him.
Of course, Nicholas II also knew that Ferdinand's actions were also aimed at appeasing the Russian immigrants at home, or rather, the scientists who had been poached.
Most of these funds were used for war relief, and in a few years, Ferdinand, who had a good reputation in Russia, became even more prestigious!
Even though he knew that Ferdinand was buying people's hearts, Nicholas II still had to thank him, and without the money he had invested, his rule would not be as stable as it is now!
Marquis Paul became embarrassed, he didn't expect that Nicholas II already knew Ferdinand so well, so he couldn't get away with it.
"Your Majesty, there are a lot of collaterals that we can take out now, but there are not many that can tempt the Bulgarian government, so if you can't do it, let's sell Bessarabia (Moldova)!"
Originally, he wanted to talk about Western Ukraine, but seeing the gloomy face of Nicholas II, he decisively chose to say only half of the words.
Sure enough, after hearing that it was Bessarabia, Nicholas II's face looked much better, this land was seized from the Ottoman Empire in 1812, and the greatest value for the tsarist government was that it could threaten the Romanian region militarily.
Now Nicholas II naturally won't think about how to threaten the Romanian region anymore, he can't be busy with his own affairs, how can he go to peep into the Romanian region again?
Nicholas II did not hesitate to say: "Well, if Bulgaria is willing to approve this loan, it is not impossible to sell Bessarabia, but do you think they will be able to agree?" ”
Marquis Paul really wants to say that it is a ghost to be able to agree, although the territory of Bessarabia Province in this era is as high as 44,000 square kilometers, it is still not worth 10 billion leva!
Now lending money to the government of Nicholas II has a risk rate of more than 90 percent, not because they are afraid that they will default on their debts, but because they simply cannot afford to pay back the money!
The loans of the French and the British alone add up to billions of pounds, but fortunately the Americans did not have to pay back their money, otherwise the debt crisis of the tsarist government would have been worse.
Because of the war, as early as 1915, the tsarist government announced a moratorium on the repayment of international loans, counting on them to repay the money, God knows which year of the monkey and the month of the horse?
Ten billion leva in this era is not cheap, this is equivalent to 400 million pounds, which is also equivalent to 2,928 tons of gold!
Considering that the risk value is too high, this is almost equivalent to buying 44,000 square kilometers of land with 10 billion leva, which is an average of 227,300 leva per square kilometer.
In this era, such a sky-high price has not yet been born in international land transactions, so Nicholas II is also worried that this deal will not succeed!
Paul thought for a while and said, "Your Majesty, it's really not possible, let's mortgage some more land in the Ukrainian regions, and use these places as collateral is always okay!" ”
This is very subtle, "mortgage land" is much more acceptable than selling it directly, and he has not said the specific place, everything is negotiated by the negotiators, anyway, he is not responsible for what kind of result is negotiated!
Well, Marquis Paul is very worried about the repayment ability of the government of Nicholas II, rather than taking out a large amount of land as a mortgage, and finally not being able to repay the money and being frozen, it is better to sell it directly, at least at least pay some price!
For any loan, the collateral has to be discounted, and this kind of international loan, if you are lucky, you may get a six or seven discount, and if you are unlucky, you may get a three or four discount.
The civil war has been fought so far, and Nicholas II has recovered a lot of lost territory, including the western Ukrainian region, so there is no problem for them to take it out as a mortgage now.
Even after the mortgage, Bulgaria must support them to hold these places, otherwise if they are lost, these collaterals will be wasted, and the other two governments will not recognize the treaty signed by Nicholas II!
After a moment of silence, Nicholas II still chose to agree, the Russian Empire is now truly vast, with a territory of 22.8 million square kilometers, larger than the Soviet Union, and a mere Bessarabia is only less than two-thousandths of the total land area!
The mortgaged land was directly ignored by him, anyway, these lands are still under his control, as long as the loan is paid off in the future, there is no risk of loss!
……