Bulgarian Empire

Chapter 33 Dealing with the Greek debt crisis

It is easy to send the people off the island. Except for Crete, which has a slightly larger population, most of the other islands have only one thousand or eight hundred people, and one boat can handle it. The total number of more than two hundred islands There are less than 100,000 people!

But the Greek peninsula is a problem. Even Ferdinand of the Peloponnese peninsula did not dare to act rashly. After all, there are hundreds of thousands of people on it?

If there is too much movement, it is estimated that the big powers will not agree. Who told the Greek government to owe huge foreign debts? If everyone runs away, who is responsible for repaying the debt?

Unless the Bulgarian government can pay all the foreign debts of the Greek government in one go!

Since Bulgaria took over Greece, the forces of the major powers have also begun to withdraw from the Greek peninsula, but the rights and interests of the great powers must be guaranteed, which is a prerequisite for the withdrawal of the powers!

To put it simply, the debt of the Greek government has now fallen on Bulgaria, and the Bulgarian government has guaranteed their repayment ability!

Of course, this guarantee is limited, and it is limited to the annual payment amount of the Greek government, which will not be lower than it is now, and it will give priority to satisfying the major powers!

It’s not that Bulgaria wants to guarantee that the Greeks can pay off their loans immediately. After all, the loans of the Greeks are basically due. If they want to support so much money at once, the Bulgarian government can’t afford it!

Therefore, the Greek government must exist. No matter what method is used, Ferdinand will let the Greek government bear it by itself. It is impossible to pay their debts!

Eighty to ninety million pounds is not a small sum, which is equivalent to Bulgaria's annual fiscal revenue, so the Greeks can only bear it themselves!

Oh, this is also a measure by the great powers to limit Bulgaria's annexation of the Greek peninsula. After all, if so much money is spent at one time, Bulgaria's development will also be interrupted. If it can interrupt Bulgaria's high-level development, it will make a lot of money!

...

The problem now is that Ferdinand wants to send the Greeks away. After all, the location of the Greek peninsula is very important to Bulgaria, and Ferdinand cannot give up!

Especially in the future, if anyone installs a few missile launchers on the upper part of the peninsula, then the whole of Bulgaria will be covered by firepower, and there will be no national defense security at all!

It is easy to annex the Greek peninsula, but it is difficult to assimilate the Greeks on the island! After all, Greece is also an ancient nation with thousands of years of cultural heritage. Unless Ferdinand kills 1.8 million people, national integration will be a dream!

It is very contradictory to let the Greeks get out and let the Greek government repay the debt! Unless Bulgaria helps them relocate the whole country and find a good place, they still cannot afford the debt!

This is obviously impossible. Such a good place in this era has long been divided up by the big powers. Even if Ferdinand has occupied it, how can it be the turn of the Greeks?

"Your Majesty, what should I do with the Greek government's loan?" Constantine asked in embarrassment

In fact, the Bulgarian government has been discussing this issue for a long time, but there has been no result!

After thinking for a while, Ferdinand said with a sneer: "Let the Greek government declare default! We only promised to provide guarantees for the loans of the big powers, but the debt issued by the Greek government has nothing to do with us!"

Oh, this is the most effective way Ferdinand can come up with! Of course, once this news is announced, the credibility of the Greek government will be completely ruined!

But what did it matter to him? Anyway, the money owed to individuals and the money owed to the consortium are not the same concept at all!

At least the consortium has a spokesperson in the government, can influence politics, and has the ability to collect debts! But ordinary people? They don't have the right to speak in this era!

Originally, international debt is a risky investment. Although the return is high, it may lose everything at any time!

Oh, in this way, the capitalists in Greece are the ones who have been tricked the most! Debts owed by government departments are not a small sum, and IOUs do not only exist in the Eastern world, they also exist in the Western world!

Like what is in arrears with the project payment,

Part of the money for purchasing materials is paid in advance, and it takes months to settle the bill, or the IOUs written by officials after they go out to eat and drink for free, and the debts issued by the Greek government are all void!

As soon as this news comes out, it is estimated that many interest groups in Greece will go crazy for it!

After listening to Ferdinand's words, Constantine was overjoyed. In this way, the debt of the Greeks can be reduced by at least one-third. For the Bulgarian government, the risk is undoubtedly reduced!

As for the credibility of the government of the Greeks, and the interest groups whose interests have been damaged because of this, what does it matter to him? Does Bulgaria have to take into account their feelings?

Ferdinand added: "Oh, by the way, the Greek government can also reduce expenditures. After all, they have so many debts. If they don't work hard, how can they pay off?

As the suzerain country, we are also obliged to help them pay off their debts as soon as possible! We will take care of their national defense and security for them first. This expense can be remembered first, and will be paid back slowly when they have money!

Let's do this, except that George I's guards can keep 500 people, all the Greek troops will be disbanded!

In this way, one million and eight hundred thousand pounds can be saved every year!

In addition, the government can also abolish some unnecessary departments. You can see that they are so financially difficult now. Non-essential departments such as the Ministry of Foreign Affairs, the Ministry of Education, and the Ministry of Agriculture can be eliminated first!

In short, you figure it out! As long as the non-essential institutions are abolished first, the assets owned by the government can also be sold as soon as possible to get cash as soon as possible, and strive to pay off the debt as soon as possible! "

Oh, the great powers are already ruthless enough, they reduced the military expenditure of the Greeks to an extremely low point, only the cost of an infantry division in Bulgaria, Ferdinand was even more ruthless this time, and they lost it directly!

If it weren't for maintaining the sanctity of the monarchy and saving the face of George I, it is estimated that Ferdinand would not even leave the five hundred guards to the Greeks!

Seeing Ferdinand speak so righteously, with an expression of "I'm all for your good", Constantine was a little taken aback!

However, Constantine is also a veteran in the political arena, and he quickly realized that he knew very well that the Greek government had to pay off its foreign debts by itself, and it had to be done!

Even if he chooses to default on his personal creditors, the debt of the Greek government is still as high as 50 to 60 million pounds, and the fiscal revenue of the Greek government before the war is only about 4 million pounds. Excluding the daily expenses of the government, even the interest is not enough!

Not to mention after the war, so much land was cut off by Bulgaria, and affected by the war, it is thankful to be able to keep the fiscal revenue of 3 million pounds!

The unscrupulous Constantine suggested: "Your Majesty, in addition to reducing expenditure, I think the most important thing is to help the Greek government increase revenue. The current tax system of the Greeks is too messy, and we need to help them rectify it.

If they work hard, the financial income may be doubled! "

This time it's Ferdinand's turn to wonder, given the current situation of the Greeks, can there be a substantial increase in fiscal revenue? Are you sure you're not joking?

After thinking about it, Ferdinand resolutely rejected Constantine's proposal: "No, if you impose excessive taxes, the situation on the Greek Peninsula will immediately fall into chaos. Originally, after the signing of the armistice treaty, the Greek Peninsula was a little unstable. We can't add fuel to the fire!"

Constantine said with a smile: "Your Majesty, the situation may not be so bad! Ordinary Greek people don't have much money, but there are also many rich people in Greece!

If it is only aimed at them, and our army suppresses them, there will not be much trouble!

And we can adopt the system of consecutive sittings, one person commits a crime, and the whole family is exiled! If there is a big riot, we estimate that hundreds of thousands of people can be exiled! "

After listening to Constantine's words, Ferdinand nodded. If it was only aimed at one percent of the people, most Greek people would gloat over their misfortune!

After all, the bourgeoisie and landlord class in this era really don't have many good things. Under normal circumstances, the Greek people's hatred for them is still higher than Bulgaria!

After all, these people have been oppressing them all their lives, and although the Bulgarian army occupied Greece, they neither robbed them nor collected their taxes!

There is no real pain, and in the hearts of ordinary people, the hatred of national righteousness is really not so unforgettable!

Ferdinand thought for a while and said: "Well, tax collection is fine! But it must be done by the Greek government itself. We cannot directly intervene. In addition, we mainly take the opportunity to attack those who are hostile to us and find someone who can cooperate to support us!

It is even possible for the Greeks to restore the tax package system, divide the area, and directly contract the tax collection task to the capitalists. They are professionals in this regard!

At the same time, we must pay attention to the social dynamics of Greece, especially the supervision of public opinion. Any remarks that are unfavorable to us must be extinguished immediately!

All those involved in the case will be executed! And one person should be involved in the case, and all possible related personnel of relatives and friends should be exiled to Syria!

Also, once a large number of civilians go bankrupt, immediately find a way to let them immigrate to Syria! "

Troubled times with heavy code!

Ferdinand had already thought about the tragic days of the Greek people in the future, because these policies were formulated entirely to reduce the population on the Greek peninsula as much as possible and force them to immigrate to Syria!

Especially after the implementation of the tax package system, the capitalists can do anything for the benefit of the capitalists. It is estimated that a large number of Greek laborers will be added to the Bulgarian mines in the future!

After thinking for a while, Constantine said with a righteous face: "Okay, Your Majesty! I have written all these down. Later, the cabinet will help the Greek government formulate a practical governance plan and help them get rid of the debt crisis as soon as possible!"

Well, Ferdinand really wanted to say: We are all our own people, there is no need to continue acting!

Completely forgot, he was also acting himself!

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