Chapter 993： Leopold II (1/2)
At the Vienna Hotel, a touching side appeared, and two hapless guys complained about each other's bitterness. The scene was that the listener was sad and crying.
Then there was no more, and it didn't make any sense how much Massimiliano wanted to help.
In order to rehabilitate the country over the years, Massimiliano has not only exhausted his personal connections, but also owed a lot of favor. Today, his own influence on the Vienna government has infinitely approached zero.
In addition to being good-looking, Massimiliano, the Mexican emperor in exile, is an empty shelf. The only role is probably high enough to be able to help speak at critical moments, but I don’t know if it can play a role.
With such a little help, Leopold II was still unwilling to give up. In any case, it is better for someone to help speak than no one to help.
No matter how low Massimiliano's power to speak in politics, it is also the existence that can directly exert influence on Franz. The best proof is that hundreds of thousands of restoration funds can be obtained every year.
But people will grow up. Although I am very touched and willing to help Belgium, Massi Milano is no longer the boy he used to be.
”Leopold, I personally suggest that you don't have too much hope. As far as I know, the Vienna government is running a deficit again this year.
If you really want to get funds from Vienna, it is best to use private channels for financing. Although the interest on funds to be paid is a little higher, it is not necessary to pay too much politically. ”
This is the true word of Massimiliano. It is too embarrassing for people to assist and obtain interest-free loans. It is no longer the period of the European War. Belgium’s importance to the Shenluo Empire has greatly diminished, and the Vienna government is not taken advantage of.
If the number is small, it might be useful for Belgium to cry and sell badly. The problem is that Belgium's current funding gap is huge, and the benefits involved are too great.
Leopold II naturally wanted these questions, but now there is no way. Ordinary international financing not only has high interest rates, it also comes with a lot of political additional conditions.
The most important thing is that the Belgian government has already mortgaged everything that can be mortgaged in its previous loans. Now it can't provide enough collateral. It is purely guaranteed by the government's reputation and financial consortia will not buy it.
Not only in Vienna, the Belgian government in all major financial markets in Europe has borrowed money. Now all the larger banks and financial companies in Europe are creditors of the Belgian government.
In order to raise enough funds, repeated mortgages and fraud, the Belgian government has done nothing less.
It is a pity that financial institutions are too savvy. They are not at ease with the Belgian government's ability to repay. Every time they charge a lot of collateral, they borrow very little money.
After the war, expenditures for reconstruction greatly exceeded the budget, and normal commercial channels were nowhere to be found. This led to Leopold II's visit to Vienna.
”Maximiliano, don't you know what those vampires are? With the current situation in Belgium, do you think it is possible to get a normal business loan?”
Seeing Leopold II's helpless expression, Massimiliano nodded sympathetically. Anyway, someone who has been an emperor naturally knows what the bank is.
”Borrow umbrellas on sunny days and collect umbrellas on rainy days.” It's not just for fun, when he was the emperor of Mexico, Massimiliano suffered a lot of trouble.
On the surface, loans that look very conscientious are just used to fool ordinary people. The real interest rates are always terribly high.
So far, Massi Milano has cleanly remembered the first time he got the loan. I took a silver mine in Mexico as a mortgage and got a seemingly generous loan.
The apparent annual rate is only 2.5%. In fact, there are a lot of various handling fees. Even more boring loans are still issued in installments, but the interest has to be calculated in full. The final real interest rate is as high as 14.62% a year.
This is the conscience loan given by Napoleon III after personally communicating with the French consortium out of his support for him.
If there is no government intervention and the banks are allowed to play freely, that is real usury. The highest is how many people don't know. Anyway, Massimiliano borrowed a 50% discount on the principal. The interest rate is as high as 46.9%. There are a lot of international loans with various additional conditions.
Of course, Massimiliano is not a disadvantage either. Although the interest rate is a bit higher and the additional conditions are more than 100 million points, this is a high-risk loan. With the collapse of the Mexican Empire, these debts became bad debts.
The sequelae is that when Massimiliano wanted to finance the restoration of the country, no bank was willing to lend money to the government in exile. Even if he borrowed in his own name, no bank was willing to lend.
Government debt is not equal to the emperor's debt, and there is no joint liability between the two parties. Theoretically speaking, as a direct member of the Habsburg family, Massimiliano is still a high-quality customer in the eyes of the bank, and it is no problem to borrow more than 1.8 million.
It's a pity that Franz told the financial world early that whoever dared to lend money to Massimiliano would be unable to live with the Habsburgs.
Capital is profit-seeking and weak, and no bank is so ironclad that it has to fight the Habsburgs for a little interest income.
As a result, the unknowing Massimiliano repeatedly hit the wall, thinking that he had become a downright phoenix, and was hit by the vampires.
After hesitating for a while, Massimiliano said slowly: ”Leopold, on this issue, I can only help you convey the difficulties your country has encountered.