Bulgarian Empire

The biggest problem is solved, and it will be easy to deal with later. The rest is the issue of war reparations. The interests of the three big bosses have been allocated, but shouldn't the interests of a bunch of younger brothers also be considered?

In this regard, it is not Konstantin's turn to worry. Bulgaria has no younger brother to participate in the world war, and has not made promises to anyone, so there is naturally no pressure.

There is no doubt that, as one of the main forces in the world war, the Russians still have to take a large share, otherwise it is really unreasonable, even though it is already unreasonable!

Now there are only seven points of indemnity share, and there are only six points that can be allocated. Before Constantine said that the one point that Bulgaria gave up was for the Russians, they would naturally not mention it again.

In terms of closeness and closeness, Belgium is undoubtedly the first to be valued by Britain and France. This loyal younger brother has followed the boss firmly until the country is subjugated. Obviously, he cannot be treated badly.

Poincaré took the lead in fighting for his younger brother: "According to the contributions made by various countries in the world war, after our three countries are the Russian Empire and Belgium. I personally suggest that the Russians take a 4.5 share of indemnities, and Belgium take a little bit." Two's share of reparations, and the extension of Belgium's border to the west bank of the Rhine River, can be regarded as compensation for their contribution in this world war!"

After hesitating for a moment, Constantine said, "Is the share of the Russians too small? I suggest giving them five points. Everyone should look better. In addition, they can be allowed to use Germans." The ports on the Baltic Sea, of course, this specific issue needs to be coordinated with the Germans themselves!"

This was requested by Ferdinand. Although he wanted to cheat the Russians, everyone was still an ally on the surface. The Tsarist government also helped Bulgaria back then, and now this favor must be returned!

This has nothing to do with interests. Although the tsarist government had ulterior motives back then, Ferdinand still had to accept this, so that people could not feel that Bulgaria owed the tsarist government.

Constantine's proposal surprised the two of them. Out of the need to balance the power of the three parties in Russia, they needed to limit the strength of Nicholas II. How could they help him?

Lloyd George asked in surprise: "Mr. Constantine, has your position changed on the issue of Russia?"

Constantine said frankly: "No, Bulgaria's attitude on the issue of the Russians has always been very clear, but you know the relationship between Bulgaria and Russia, and we have to come forward to fight for their interests!

Due to the problem of balancing the forces of various parties in Russia, I don't think this is a problem. Don't the Russians owe you foreign debts? Just let them use this compensation to repay your debts first, and the result will be the same! "

The two did not object again, as long as the balance of the three forces in the Russian country was not broken, even if the Russians took a little more, everyone said that anyway, the money still went into their pockets in the end.

Then Nicholas II was forced. He thought that he could use the indemnity obtained in this world war to start the war of unification, but now he has lost it before he got it. Even the indemnity may not be able to bring Russia The foreign debts owed to Britain and France have been paid off!

In the end, Belgium received a point of German war reparations, and also received a part of territorial compensation. Their homeland was equivalent to expanding by nearly a quarter. Presumably they would not have any objections. For the Germans, thousands of square kilometers are gone. It will be gone, and there will be no injury to the muscles and bones.

The remaining dozen or so countries share the last point of compensation together. The three big bosses have no interest in fighting for this specific amount, so let the people below handle it!

Poincaré thought for a while and said: "Now we can determine the exact amount of compensation paid by the Germans. According to the economic situation of the Germans, their gross national income in 1914 was 51.1 billion gold marks (about 2.5 billion pounds).

After precise calculations by financial experts, if we can receive compensation in kind,

After deducting basic needs and government administrative expenses, the Germans' annual repayment ability is 2o.5 billion gold marks (about 1 billion pounds).

Therefore, their highest debt bearing capacity is 41 billion gold marks. Now the Germans still have some heavy industrial equipment and high-tech products overseas assets that can also be used to pay off debts. Let’s discount these real estates by 8 billion gold marks. They are still in mines every year It is also easy to take out another 50 million tons of coal, as well as their domestic gold reserves, etc. In summary, we think that it is a reasonable figure for the Germans to pay 6000 million gold marks! "

Is Poincaré's calculation method correct? Constantine didn't even think about it. He only noticed 6,000 million gold marks (approximately 29.34 billion pounds), which is equivalent to 214,000 tons of gold. God knows how the Germans can afford it !

Before Constantine could speak, Lloyd George sneered and said, "Mr. Poincaré, are you sure your calculations are correct? I don't think the Germans have the ability to repay such a huge sum of money!

Of course, if your country can guarantee that the Germans will be able to pay, we have no objection, if there is a gap, your country will make up for it! "

Poincaré's expression changed, asking the French government to guarantee the Germans' war reparations, how is this possible? If he dares to agree, the angry citizens will not tear him up!

Besides, this number is nonsense. The number calculated by experts is based on the premise that Germans distribute living materials equally. In fact, everyone knows that no country can really distribute living materials equally. Class waste is inevitable!

This also means that the Germans will not be able to pay this huge sum of money at all. Poincaré, who was stared at Mao, said again: "Let the Germans pay 48 billion gold marks (about 23.472 billion pounds, which is quite 171,300 tons of gold), this figure is always within their acceptable range, right?"

Constantine's thoughts were already wandering. He was already stunned by the big money of the usury empire, so he simply chose to shut up. Anyway, the bottom line Ferdinand set for him was 800 million pounds, even if the compensation amount was 50% off, They are all big bids, so just watch the excitement, anyway, the more the Germans pay, the higher the Bulgarian debt can be sold!

Without the unremitting bargaining of Americans in history, it is still a mystery how much a John Bull can cut down. Of course, since German Poland did not have independence, the Germans’ ability to pay their debts is stronger now than in history. .

Lloyd George thought for a while and said, "Mr. Poincaré, don't the experts in your country take into account the actual situation? Don't you know what Germany is like now?

This war also brought a large number of casualties and huge economic losses to the Germans. Their actual repayment ability was not at its peak at all, and even if they were given another ten years, they might not be able to recover to the economy in 1914. Level!

According to the calculations of our economists, the highest solvency of the Germans is only 9.8 billion pounds, which is 2000 million gold marks.

If your country can take out an extra penny from the Germans, we have no objection, provided that you can guarantee the Germans, otherwise, please come up with a sincere price from your country! "

"Humph?"

Poincaré snorted coldly, and then said: "It is impossible for us to guarantee our enemies, you should give up your mind!"

After speaking, the two started to stare at each other again, refusing to give in to each other. This situation basically happened many times a day, and in the end it was Constantine who came forward to make peace.

With the conscience of heaven and earth, Constantine can guarantee that Bulgaria has not calculated the maximum solvency of the Germans, but he can still judge from the disputes between Britain and France that the Germans cannot afford this huge sum of money!

Even the shrunken version of the 2,000 million gold mark they can't get out, unless someone gives them a blood transfusion to keep their lives alive, or God bless the German economy after the war if it doesn't collapse!

After contemplating for a while, Constantine said: "The two of you should make a compromise, considering the current economic situation of the Germans, I doubt how many years it will take before they can afford the interest!

If we insist, we have to extend their repayment period, otherwise they really can't afford it! "

After another two days of wrangling, everyone finally reached an agreement. The final German compensation figure was determined to be 318.6 billion gold marks, an increase of 49.6 billion gold marks compared to history.

This astronomical figure is equivalent to 15.58 billion pounds, which is about 114,000 tons of gold. Anyway, Constantine said that he could not afford to be hurt. Bulgaria has developed for so long, and the sum of the gross national product from the founding of the country to the present may not be able to Over this number!

Given the current economic situation in Germany, they have to work without food or drink for ten years, and they still have to pay off the loan. Constantine asked hesitantly: "How do you two let the Germans pay the compensation? If it is gold Or in terms of foreign exchange, I think we will still be collecting money in the next century!"

Poincarai said calmly: "We can pay it off in installments over 99 years, and let the Germans hand over 200,000 tons of new ships every year; 44 million tons of coal, 400,000 cows, and all industrial products produced in Germany. Half, almost enough!

The interest still refers to Italy's standard monthly interest rate of 4.5 per thousand, and a late fee of 1 per thousand of the total compensation will be charged every day if it is overdue! "

Is the interest high? In this era, it can't be considered too high. Everyone's interest rate level is here!

If you look at it in another time, the interest standard is really not high, at least much lower than the bank loan interest in a certain country in the later generations, and the late payment fee is not even comparable to that of a credit card, which is really conscientious!

Lloyd George also nodded, and said very cooperatively: "Mr. Poincaré's proposal is good. According to this requirement, the Germans will probably pay off the loan in advance!

In recent years, the Germans need to restore their economy. We can not rush to collect so many supplies. The Germans have a lot of overseas assets. We can freeze their industries first to offset the compensation.

In addition, Germany still has many colonies, we can also deal with them at a discount, and their merchant ships are no longer needed if they want to come, so we will requisition them first.

There are also German military enterprises and heavy industries. If you are interested, you can also buy them back at a discount. The total value of these real estate is estimated to be 40 to 50 billion gold marks, but now the discount is at most 50% off!

Now all companies in Germany, as long as you have something you like, you can buy it back at a discount, and I think you can raise another 18 billion gold marks! "

Constantine nodded. It was nothing more than selling the assets of the Germans at a low price. Naturally, he would not object. Whether he could find a buyer now is a problem. Besides, the Germans are the ones who suffer, so what does he care? Besides, maybe Bulgarian companies can take the opportunity to make a fortune?

Constantine thought for a while and said, "Well, let's set up a German property appraisal committee in our three countries to sell these redundant properties for them!"

Undoubtedly, this profitable business fell into the bowls of the three big bosses again. Don’t be surprised if the factory worth 10 million gold marks was sold for 1 million gold marks. If it was a little bit, perhaps a hundred thousand gold marks could be sold!

This is the future of German companies. It can be said that the Germans fell this time, and the capitalists of the three countries are full!

Everyone tacitly did not mention the specific distribution of benefits. Anyway, the people below will do a good job. With the size of the German industry, it is impossible for any one of them to be able to finish it, and even three of them may not be able to swallow it all at once!

...

In the palace of Sofia, Ferdinand was dumbfounded when he saw the negotiation result of Constantine’s return. It was not a question of the amount of compensation. This number has already greatly exceeded Ferdinand's estimate.

It is not a matter of selling German industries. Selling German companies at a low price can benefit everyone, so there is no need to quit! What he couldn't figure out was that Britain and France dared to ask the Germans to spend half of their industrial products every year to pay off their debts!

What is this doing? From Ferdinand's point of view, this is completely supporting the enemy! This is equivalent to the fact that the Allies saved the German industrial system for the benefit of indemnity!

Even if some companies are split by the three countries, this will only be a small part of high-tech industries or heavy industries. After all, the three countries are all industrial countries and have formed their own systems. They cannot be connected with the German industrial system. !

As long as the Allied countries take over half of the German industrial products, it is conceivable that German goods will be flooded in every corner of the world in the future. This is equivalent to promoting them for free, and also imperceptibly promoting the German industrial development. upper limit!

Even the colonial market that the Germans desperately wanted to be opened by Britain and France before is now being opened to them by Britain and France. Anyway, as long as the Germans hand over the industrial products to them to pay off their debts, the problem of sales is the problem of Britain and France themselves!

At the same time, when the Allied countries used cheap German goods, they also squeezed the living space of domestic manufacturing industry. Ferdinand now understands why the industrial exhibitions of Britain and France after World War I all went forward, and they were all cheated by their own people. died!

It’s no wonder that after Hitler came to power and stopped war reparations, the German economy ran wildly, easily surpassing the sum of Britain and France. This is entirely the fault of Britain and France!

After knowing the serious consequences, Ferdinand made up his mind that German industrial and commercial products must never fail to enter Bulgaria, and the stupidity of squeezing their own domestic manufacturing industry should be left to Britain and France!

No matter how cheap it is, Ferdinand will not take it. After all, he himself occupies more than half of Bulgaria's domestic manufacturing industry. If German industrial and commercial products are allowed in, it will not only damage the national interests, but also his Personal interests are also damaged!

It is simply unbearable! Ferdinand immediately made up his mind that even if Bulgaria needed German products, it would dismantle the factory and make them by itself!

Even if these debts are sold at a low price, or exchanged with Britain and France for a German colony at a high price, it is absolutely impossible to let this kind of disaster happen in Bulgaria!

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