Chapter 652： Continuation of the hegemonic struggle (1/2)

The atmosphere in the parliament of the British Foreign Office was extraordinarily weird. One side of the negotiation was extremely nervous, but had to hang a smile. The other side was obviously uninterested, but also pretended to listen carefully.

This weird scene was the scene of negotiations between Britain and the United Kingdom. From the moment the negotiations began, the two sides were in an unequal position,

Just like ordinary people have no money in their pockets and are hungry, they have to borrow money to eat. To borrow money, that's ...

The British Foreign Secretary Edward waved his hand: ”I'm sorry, Count. This is something I can't do. Loans are the business of banks. You should talk to bankers.”

Just by attitude, it is clear that money cannot be borrowed. Without enough profit, how could John Bull pay for it?

Friedman, Pope ’s Minister of Foreign Affairs: ”Sir, we have passed the bank and need your government's endorsement. Please be assured that this time we are very, very sincere.

Interest can be increased by 30% on the basis of the average international interest rate. We can also use fiscal revenue, colonies, railways, mines, and ports as collateral. ”

Although international loans are very profitable, the risks are also huge. In the absence of government ”endorsement”, whoever dares to make international loans is a fool.

There is a government ”endorsement”. Once a debt default occurs, the government will intervene in the collection. Although it cannot be guaranteed to be recovered, it also increases the counterparty's cost of default.

If there is no ”endorsement” by the government, then go to the account yourself! There are a lot of similar lessons learned, for example: the previous tsarist government defaulted on debt.

Governments provided ”endorsement” of debts, which were finally settled through negotiations, and some of them could be recovered. Debts that were not “endorsed” by the government were directly erased.

The victory of the Prussian-Russian war is unpredictable. It is still unknown whether there will be a Prussian federation after the war. Without the endorsement of the London government, bankers will naturally not dare to take over this business, no matter how high the interest is.

In recent years, the government has hardly supervised the financial market. However, it is impossible to raise hundreds of millions of pounds from the financial market without government support.

The British Foreign Minister Edward shook his head: ”Her Count, I feel your sincerity, but this has no effect.

Everyone knows how destructive the war is. Now that the Russian-Prussian War is about to begin, only if your country wins, can the debt be fulfilled.

This is only possible. The Russian Empire is not so easy to deal with. Even if your country can defeat them again, it will pay a small price. What will your country pay for these debts after the war?

War reparations?

IMHO, if the Tsarist government is rich, the war will not end.

The spoils that your country can obtain are nothing more than land, population, and factories. These things are indeed precious, but unfortunately they cannot be realized.

Even because of the war, your country has to invest a lot of money in reconstruction. It will be a financial burden for a long time to come.

This is still the ideal state. If the war becomes anxious and becomes a long-term confrontation, the situation will be even worse.

If one day your country is really unable to fulfill the contract, can you let everyone live with these collaterals?

Your earl, you should be aware that for bankers, the collateral offered by your country has no substantial effect. ”

Edward's words have been very restrained. He did not talk about the defeat of the Commonwealth, but in reality it must be considered.

If you win the war, you will not be able to guarantee the normal performance of your debt. If you lose the war, you will have to pay.

Friedman is confident of this war. However, he has confidence, which does not mean that the British also have confidence.

Whether they accept it or not, the comprehensive national strength of the Russians is above the Popo Federation.

They were able to win the last war because European nations wanted the Russians to lose, and the Tsarist government really invested half of it.

This time is different from the past. The weakened Russian empire is not so jealous of everyone. If countries want to contribute money to help them, they must speak with their interests.

After hesitating for a moment, Friedman asked directly: ”Sir, what does your country want?”

The Commonwealth does not have the confidence to talk about conditions. Instead of wasting time in negotiations, it is better to directly showdown. Anyway, as long as the British are willing to pay for it, everything is negotiable.

The British Foreign Minister Edward waved his hand: ”Her Count has misunderstood. We have no intention of gaining anything. You must believe that the friendship between our two countries can stand the test, but the bankers need a guarantee.

If your country can deposit its reserves in the Bank of England as a guarantee, everyone's confidence in you will be greatly increased, and your country will get at least 60 million pounds of loans. ”