Bulgarian Empire

"Your Majesty, if a large number of laborers are imported to Russia, the cost will probably be huge!" said the Chancellor of the Exchequer, Kennedy, in embarrassment.

Kennedy has no objection to Ferdinand's recruitment of "mercenaries". Europe already has a tradition of using mercenaries, and there is nothing unacceptable to everyone in this regard.

Oh, Ferdinand's idea of ​​finding Mao Xiong as cannon fodder was directly understood by them as recruiting "mercenaries". Of course, there is no difference in essence. Even if it is recruited cannon fodder, Ferdinand still has to pay the military salary, which is nothing more than more restrictive conditions than recruiting "mercenaries".

The only difference is probably that the mercenaries are all self-contained, while the cannon fodder troops recruited by Ferdinand are Bulgaria responsible for sending out officers and commanding them to fight!

In Kennedy's view, if Bulgaria can use two to three million "mercenaries", then based on the population base of Bulgaria, it can also have the same number of troops as the British and French powers, and it will also occupy a more favorable position in the distribution of benefits after the war ! \u00261t;i\u003e\u00261t;/i\u003e

At the same time, a large number of mercenaries were used. After the war broke out, Bulgaria could reduce the number of mobilized people and maintain domestic industry and food production.

...

Although from an individual point of view, the price of introducing labor to Russia is not expensive, the intermediary fee paid is only 250 Levas (about 10 pounds), the average travel expenses are about 50 Levas, and the employment placement fee is about 200 Levas. Adding up the cost of a labor is only 500 leva.

Anyway, the Bulgarian government paid in advance, and later it will be deducted from their wages in installments without losing money. Therefore, before Bulgaria introduced a large number of Russian laborers, there was no pressure from the Ministry of Finance.

But it’s different now. Bulgaria was brought in because of the shortage of labor force before, and there are a lot of jobs for them. Now Ferdinand can’t find so many jobs! \u00261t;i\u003e\u00261t;/i\u003e

If there are no jobs, then there will only be man-made jobs, and this will cost a lot!

And no one knows when the European war will break out. If it drags on for three to five years, wouldn't the Bulgarian government have to find a way to feed them for three to five years?

Aside from other things, the agency fee in the early stage alone costs 10 pounds, and the agency fee for a million people is 10 million pounds.

According to Ferdinand's request, there will be two to three million people in the end, right? This alone has invested 20 to 30 million pounds, and don't expect to be able to recover the cost in the short term!

Ferdinand nodded. The number of young adults needed this time is too tight, and the time is too tight. It is indeed a challenge for the Bulgarian government's finances.

"How about this, let's issue another construction bond, in the name of opening the Greek peninsula, to raise funds from all over the world, and this time the focus of the bond release should be on Russia!" \u00261t;i\u003e\u00261t;/ i\u003e

After thinking for a while, Kennedy said with a smile, "Okay, Your Majesty, the Ministry of Finance will estimate the funding gap as soon as possible."

Undoubtedly, Kennedy thought that Ferdinand's focus on selling bonds to the Russians was to win over the financial circles and aristocrats in Russia and create a good political environment for the introduction of labor.

Ferdinand knew that he had misunderstood, but he didn't explain it. There are some things that he alone knows, and there is no need to say them.

"Don't evaluate it anymore, just use our customs revenue as a guarantee for the bond of 200 million pounds, and the interest will be based on international standards." Ferdinand said lightly.

The figure of "200 million pounds" terrified everyone. Now that all countries are preparing for war, a lot of money has been spent on military affairs, but 200 million pounds can build a British Royal Navy! (shipbuilding only)

Constantine said hesitantly: "Your Majesty, I'm afraid this figure will not be sold, and countries will think that we are raising military expenditures, this..." \u00261t;i\u003e\u00261t;/i\u003e

Ferdinand smiled slightly,

Said: "I think you are worrying too much, so what if they know? Now everyone is raising military expenses, we just do it more obviously!

However, for the sake of convenience, the bonds can also be split and sold. Temporarily announce 50 million pounds to the public, but there is no limit to the actual sales, the more the better! "

Anyway, the world war is about to break out, and Ferdinand is now counting on making a fortune. Of course, the money will still have to be repaid in the future, but the premise is that the creditors are still there!

Needless to say about the Allies, once the war broke out, the communication between the two sides would naturally be cut off. By the end of the world war, I don’t know how many financial institutions have gone bankrupt, and I don’t know how many people’s debts have been destroyed in the flames of war!

What's more, the bonds issued in Germany are marks, and the bonds issued in the Austro-Hungarian Empire are krona. When the world war is over, the currencies of these countries will almost become waste paper, and Bulgaria can easily pay off its debts! \u00261t;i\u003e\u00261t;/i\u003e

It is a pity that in the current international situation, the bonds issued by the Bulgarian government may be difficult to sell in the market of the Allied countries. Ferdinand missed the opportunity to take advantage of the fire!

Although the Allies can't do it, isn't there still an Allied Power?

After the end of the First World War, the franc depreciated greatly, from the ratio of 1 pound ≈ 25 francs before the war to 1 pound ≈ 24o francs in 1926.

This is also the main reason why Ferdinand borrowed loans from the French. Now the Bulgarian government owes the French a huge foreign debt of more than 7 billion francs, but after the end of World War I, this debt will shrink rapidly with the depreciation of the franc!

Oh, in fact, the British pound has also depreciated, but the British Empire is backed by South African gold, so the depreciation rate is not that great!

As for the Russians, let alone, once the tsarist government collapsed, the ruble would immediately become worthless paper. Wouldn’t it be too easy to pay off this debt? \u00261t;i\u003e\u00261t;/i\u003e

It can be said that now is the golden age of borrowing money! Ferdinand can now rely on the borrowed money to reserve strategic materials and enhance Bulgaria's war potential.

Anyway, no matter how high the interest on international borrowing is, it cannot compare to inflation. Now the Bulgarian government is heavily in debt, but after the end of the world war, the actual value of these debts may not even be one-tenth of the pre-war value!

...

After discussing financial issues, Foreign Minister Megev suddenly said: "Your Majesty, the conditions for annexing the Greek peninsula are now ripe!"

Ferdinand was slightly taken aback, and asked reflexively, "Why?"

Originally, he planned to annex the Greek peninsula after the outbreak of the World War. At that time, both sides will fight, so naturally they will not care about the Greek peninsula!

Megev said with confidence: "Your Majesty, there are only 40,000 to 50,000 Greeks left on the Greek peninsula, and the number of our immigrants on the peninsula has already surpassed the Greeks. Even if we announce the annexation of Greece immediately, the Greeks will not be able to escape." There is a big wave!

And in terms of diplomacy, we have also obtained the understanding of the Allied Powers, and with their support, we will not be alone.

The strength of the Allies in the Near East is limited, and the only one capable of interfering is Italy, but as long as the Italians are not stupid, they will not go to war with us for the Greeks! "

After pondering for a while, Ferdinand finally resisted the temptation, shook his head and said, "No, we have to wait! Let's increase the immigration rate in Greece first. After packing up the Greeks and sending them away, we will It is more appropriate to annex the Greek peninsula!"

Anyway, the Greek peninsula is already the meat in the Bulgarian bowl, so if you eat it later, you won’t run away. What if you eat it now and it’s hot?

...

Please remember the first domain name of this book: . Miaoshuwu mobile version reading URL: