European companies confirmed Egypt's ambitions for the Mediterranean, and Ali made an agreement with the Ottomans to help suppress the Greeks.

European companies began to negotiate with the Ali dynasty in the hope of gaining trading privileges in Crete and establishing a commercial base where they could provide military assistance to Ali.

However, Ali did not want the European company to break away from Egyptian control, so Ali refused and demanded that the European company remain neutral, threatening to remove the European company's management of the canal.

The business, military, and politically privileged corporations of a powerful empire would not be supposed, and they felt that Egypt, which was becoming more and more powerful, was already a great threat.

Therefore, despite Ali's warning, they began to communicate with the Greeks secretly, and exported a large amount of weapons and equipment to Greece. Anyway, the canal is in their hands, and the Ali Dynasty has not supervised it, and the Egyptians don't know what supplies they want to transport.

The Greeks were also saving themselves at this time, and their resistance became fiercer in the face of the murderous Ottoman army. And the main force was not the regular army of the uprising, but the resistance of the local peasants. The reason is that the military discipline of the Ottoman Empire is too poor, and the army has long been uncontrolled in the Ottomans, but frequently dares to be political.

The Ottoman army invaded the island of Kaios, and the local army and civilians, a total of 100,000 soldiers, were bloodied by the Ottoman army at one time, and 23,000 were bloodied, and 47,000 were sold into slavery. This inevitable fear forced more Greeks to rebel, and under so many favorable conditions, the Greeks were really a dou who could not afford it, and there was internal strife within their borders.

The Commander-in-Chief of the Army was at odds with the Government, which announced that he would be relieved of his post and that the Commander-in-Chief would not recognize the legitimacy of the National Assembly and that a military government would be established. The two Greek governments had their own troops, the Western commander-in-chief who had entered Greece from abroad, and the feudal warlords who had grown up during the Ottoman rule, and there was a civil war between the two sides, which began in the Peloponnese, an independent region of Greece, and the result of the war was that the localists were victorious, but the military power was greatly damaged, and the Egyptian naval and army landed from the southern part of the Peloponnese and began to help the Ottoman Empire suppress the Greek uprising.

The Greek army was not at all the Egyptian army in its heyday, and it was defeated one after another, and soon almost all of Greece was controlled by Egypt.

The Anglo-French-Austrian forces and the Ottoman armies were allied to launch an onslaught against the Russian army, and at this time, Britain and France could not sit idly by and watch Greece be suppressed, and made representations to the Ottoman Empire, asking them to allow Greek autonomy, but still retain their subordination to the Ottoman Empire, and pay annual tribute to the Ottoman Empire.

The Ottoman Empire did not want to see Egypt's expansion in Europe, and the contradictions with the Ali Dynasty began to grow, and with Russia, a sworn enemy, as a common goal, the Ottoman Empire agreed to the mediation of Britain and France, and formally formed an alliance with Britain, France and Austria, stipulating that neither side would make peace with Russia alone until the end of the war, which was the real Crimean War.

The Quadruple Alliance, which controlled the Black Sea, soon opened up a new battlefield, with the Austrian army as the main force fighting the Russian army on the Danube line, and the Anglo-French Ottoman army landing on the Crimean Peninsula, and the scale of the war was greatly expanded. The Russians were already in a difficult position to ride a tiger, and at this time they would lose too much in the peace talks, not only in the lower reaches of the Danube, but also in the vast amount of land along the Black Sea coast that they had previously seized from the Ottoman Empire. The Allies also did not want an armistice until Russia was completely defeated, because they wanted to settle Russia's ambitions in the Mediterranean once and for all.

There is no shortage of armies in all countries, France during the Napoleonic Wars, a large number of soldiers were injured, but most of the armies were not killed, but were defeated, plus France inherited the military service system during the Revolution, and new soldiers will enter the conscription ranks within a year, and the huge national strength makes it relatively easy for France to provide 100,000 troops. Austria had no less population than France, and its manpower losses in the Napoleonic Wars were not much higher than those of France, so it was not too much of a problem to provide 150,000 troops.

Not to mention the Ottoman Empire, this country has no shortage of population, what is lacking is organizational and management capabilities, weapons and equipment are relatively scarce, but after receiving British support, more armies have been formed, although the combat effectiveness is limited, there is no problem in cooperating with the battle, and the Black Sea area is the territory of the Ottoman Empire, and the residents here generally believe in Islam, and they can get the support of local armed forces here.

Russia is a country that does not lack manpower, their total population is close to 40 million, twice that of Austria, and they mobilized 300,000 troops to participate in this war, and they fought on their own soil, transported through the Volga and Don rivers, and the supply conditions were better than those of the Central Powers.

The quality of the Allied army was very high, and although a large number of veterans of the Napoleonic Wars had retired, the trained junior officers were excellent. The quality of the Russian army is not bad, even slightly stronger, the officer class has been baptized by the Napoleonic wars, and the ordinary soldiers are all veterans who have just come out of the civil war, and relatively speaking, the war experience is even stronger than that of the Central Powers.

Under the condition that the technical equipment, organization and management, and operational concepts are all at the same level, and the two sides are on equal footing, and neither of them thinks that they will lose, this kind of war is the most terrible, because both sides have the hope of victory, and they have reasons to persevere, and the cost of defeat is relatively high, so this kind of war often forms a protracted war.

Originally, the protracted war was unfavorable to Russia, because the Russian production capacity of serfdom was limited, and Russia's expansion had always relied on short-term tactical victories.

Food Russia can be self-sufficient, cotton cloth and medicine are scarce, weapons and ammunition are also somewhat unavailable in wartime, if this war was fought two years ago, Russia still could not hold on, but the Chinese built the Zhangku railway, and extended from Kulen to Kyakhta, from Beijing to Tianjin, so that the materials of southern China can be sent to Russia through Tianjin after landing, and then enter the Volga River basin through the Siberian waterway, although the speed of Siberian waterway transportation is not fast enough, However, the volume of water transport is considerable.

A large amount of supplies flowed into Russia from here to support Russia's front-line battles, so that they could hold on to Britain, France, Austria and other countries all the time, and not fall behind.

As far as China is concerned, China's financial sector has made huge profits by issuing bonds to Russia, and China's industrial conglomerates have made huge profits by selling strategic materials to Russia.

An economic growth rate of 3 or 4 percent is not the same as 5 or 6 percent.

The Chinese financial groups, which have eaten the dividends of the war, have a high degree of overlap with the management of China's overseas companies, and there are a large number of financiers on the boards of directors of European companies, many of whom have slowly developed from traditional pawnshops and money banks, learned the modern banking business model from the bank, and made a fortune through depositing loans, and a new financial class has emerged in China.

The British, French, and Austrian government bond markets were monopolized by the British, and Russia could not satisfy their appetites at all, so they wanted to open up new markets with the help of European companies, and Egypt and the Ottoman Empire were good targets among the belligerents, and they began to underwrite the bonds of both countries.

Chinese financial groups have provided financing services for almost all sides of the fighting, and even the Greeks want to borrow money from China and send people to contact European companies, but they can come up with too few guarantees, no collateral, and too much risk. It is difficult to say whether they will be independent in the future, and if the Ottoman Empire still rules them in the future, it is basically impossible to recover the loan lent to Greece.

As a result, the business of the Greeks was robbed by the British.

In recent years, the development of British industry has not had enough stamina, but the development of the British financial industry has encountered a storm. A large amount of capital in the industrial and commercial sectors was not invested, but precipitated and finally pooled into the banks, which had large reserves.

As a result, they opened up a large number of overseas markets and provided a large amount of money to the Americas and the European continent, which caused an outflow of gold, which made the British government feel the crisis, so it began to raise interest rates and limit the outflow of gold.

The yield on 10-year government bonds in the UK began to fall due to the Bank of England's regulation, which was lowered from 5% to 3.5%. The financial industry immediately suffered from an asset shortage, and the princes and nobles who held a large amount of gold, gold, silver and jewelry were at a loss, and many of the propertied classes were looking for projects to invest in.

British financiers took advantage of this opportunity to find the leaders of the rebels and persuade them to raise military funds by issuing bonds. At the same time, they declared to British investors that if the rebels won the war with the money from the bonds, the debt would become a national debt. The yield on the 10-year bond in Britain is 3.5%, and the financiers are ready to issue a 10-year bond with a coupon of 5% for the Greek rebels, which is a profitable investment.

But because the Greek rebels had little credit, financiers started the sale, selling bonds at a 59% discount, with an effective interest rate equivalent to more than 10 percent. They then made an agreement with the Greek rebels to pay in instalments, and the 100 bonds, which were actually worth £59, were paid over 48 months, and could be traded on the day they were listed.

At that time, the British small middle class earned between £20 and £25 a month, and for them, they could buy a £100 bond with just over a pound a month. If you don't want to hold it, you can sell it in the secondary market, the installment payment can be paid by the person who takes the order, and the bond may become a treasury bond in the future, so this bond is very popular. In the end, after deducting intermediate costs such as distribution, the Greek rebels received 300,000 pounds.