Chapter 172: £7,250,000

In the face of Spain's good intentions, Hungary had no reason to refuse.

Andráhi immediately promised that, in exchange, Spain would enjoy most-favored-nation status in Hungary and its other dependent countries, and that Spain would receive significant tariff reductions on all kinds of fruits, as well as coal, olive oil, textiles, etc.

Prior to this, in order to prevent foreign coal from impacting Bohemia's coal production, Austria had negotiated with Hungary to impose high tariffs of more than 18% on foreign coal.

After Hungary granted the reduction, Spain finally has more places to go for the inexhaustible coal.

Although the quality of the local coal in Spain is low, it is a good way to take advantage of the price, after all, not every piece of coal is used in steel production, and the demand for low-cost coal is also very high.

Not to mention the rest of the fruits, textiles and the like, as a traditional European fruit exporter, Spain is already quite strong in related trade, and is Hungary's third largest supplier of fruits and fourth largest supplier of textiles.

Every cent of this tariff reduction, that's real money.

Emperor Franz soon learned about this, and he was a little upset that Hungary had violated the tariff protection regulations, but in the end it was only against Spain, and the impact was not very great.

It just so happened that Austria-Hungary could take the opportunity to reduce its economic dependence on the North German Confederation, lest it really start fighting and find out that it was lacking.

Trade with North Germany accounts for 48% of Austria-Hungary's total exports and 41% of its total imports, making it the largest trading partner.

The economic bundle of this scale is already fully capable of influencing politics.

Fortunately, Austria-Hungary was still dominated by the agricultural economy for the time being, and it was barely self-sufficient in food and various living materials, which gave it the confidence to turn against North Germany.

Nevertheless, Austria-Hungary had to take precautions to ensure that in the event of a war with Prussia, someone could fill the vacated market as soon as possible.

Therefore, Emperor Franz, instead of stopping it, promised Alfonso that Austria could enter into similar preferential tariff regulations with him.

Even further, it would be possible to eliminate tariffs.

The condition was that Spain would have to give a reciprocal response, that is, they would also have tariff reductions for Austria-Hungary.

As soon as Alfonso heard this, he wanted to agree immediately, the market of Austria-Hungary is much larger than that of Spain, and if the market is open to each other and compete fairly, Spain will definitely take advantage.

But this is a big deal, once Theo shares the market at this stage, counting the colonies, it will be a supermarket with a population of 100 million, second only to the United Kingdom.

The impact of such alliances is multifaceted, and companies need to be prepared to face new competitors.

Alfonso said he was fine, but the signing of a formal treaty might be delayed for some time.

Emperor Franz expressed his understanding and generously promised to wait until the end of the Franco-Prussian War and related wars to discuss them.

Alfonso was naturally grateful for this, but he also wondered why the emperor was so lenient with Spain.

At first, he thought it was the reason for the marriage, but he quickly reversed this idea, not to mention that he had never even met Gisela in person, and even if he was officially married, it was not worth making such a concession.

For this reason alone, I can't even pass the parliamentary hurdle.

The following evening, when the members of the delegation talked about the matter, Foreign Minister Cruze said: "This could be a move by Austria-Hungary against the German Customs Union, which has been looking for suitable members for decades, but has not had much success because it is unwilling to concede too many benefits."

It just so happened that Hungary had given us a preferential treatment, and His Majesty Franz brought it up with the water. ”

This conjecture was accepted by the majority, and Austria-Hungary, since it was interested in regaining the leadership of Germany, of course had to show its strength in all respects first.

Alfonso didn't think the reason was very good, but it didn't matter, it wasn't a bad thing.

After ordering Cruz to keep an eye on it, he stopped dwelling on it.

On the third day of the meeting, the parties who had reached an agreement privately no longer disputed how Italy would be cut, and the only question was Spain's economic interests.

The peace treaty between Spain and Italy stipulated that Spain enjoyed unilateral freedom of immigration and preferential treatment, and that Italian customs duties were to be negotiated with Spain.

Now that Italy has dissolved, it does not mean that the treaty is over.

Seeing that everyone was tacitly preparing to rely on it, Cruze was able to sit still and said solemnly: "This is the legitimate interest of Spain, recognized by the former Italian government, and must be respected." ”

"This ......" Boist was a little embarrassed, Spain didn't mention this matter two days ago, he thought he had avoided it once, and he was still a little happy in his heart, but he didn't expect to be waiting for him here.

The attitude of the participants was very different, and the representatives of Italy and Austria did not agree, which was tantamount to assigning the independent countries after the disintegration to the Spanish economic circle.

Although it is not a puppet state, but the political influence is affected by the economy, and the power gap between these small countries and Spain is so large, I am afraid that in a few years it will be all pro-Western.

The representatives of Hungary and France were quite supportive, and France was purely for fun, and in their view, it was better to strengthen Spain than to strengthen Austria-Hungary, at least the relations between Spain and France were much better than those between France and Austria.

Hungary had just reached an agreement with Spain, and in the past two days, Austria had been a little unhappy on the issue of the financial issue handed over to the central government, so they naturally voted with their feet.

Besides, over-strengthening Austria was by no means what they wanted to see, and it would weaken Hungary's position within the empire.

The support of the two sides was almost unanimous, and Hungarian Prime Minister Radwig took advantage of this rehash to talk to Boist about financial obligations again.

Before Spain could speak, Boist and Radwig quarreled first.

"Ahem." Seeing that the situation was becoming chaotic, Emperor Franz coughed heavily.

After everyone's eyes were attracted, the emperor slowly said: "Spain's legitimate interests should be supported. ”

"Your Majesty!"

Franz motioned for Boist to shut up, and continued: "But in view of the present situation, I hope that the two kingdoms of Austria-Hungary, as well as Genoa, will be able to redeem this power through financial compensation." ”

Alfonso has nothing to do, the Kingdom of Lombardy, the Kingdom of Venicia and the Kingdom of Romagna are all part of Austria, is it possible for Spain to manipulate Austria's tariffs?

The rest is a discussion of the amount of financial compensation.

It took a day to finally decide that the Kingdom of Lunwe, the Kingdom of Romagna, and the Kingdom of Croatia would need to pay £4.5 million, £2.3 million, and £450,000 respectively to buy back Spain's privileges.

Repayable within three years at the latest at the rate of 7% per annum.

As for Genoa, it will be resolved by the two sides after the meeting.

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