Bulgarian Empire

Chapter 78, Interim Economic Policy

The future Nicholas II and the Japanese are bad things, Ferdinand can't control it, and he will forget about it after lighting a fire.

Due to Ferdinand's early warning of the economic crisis, the Bulgarian government specially sent people to monitor the financial market, and now some economists have noticed the crisis.

Ferdinand did not expect that the economic crisis would spread to Bulgaria so quickly. According to economists' expectations, the crisis should have spread to the Balkans by the end of 1892.

The response plans made before were all prepared in accordance with the economic crisis that broke out at the end of this year, which cannot be ignored by Ferdinand.

As a financial novice, Ferdinand can only choose to listen to experts. As for the other travelers who made a fortune through the economic crisis, Ferdinand said: Without the aura of the protagonist, they would not dare to die.

At the end of the 19th century, it was a paradise for monopoly, and the economy of all Europe was controlled by large and small conglomerates. If you want to make a big deal in the stock market, people can modify the rules in minutes and ask you to lose money.

Of course, there are no big moves, but there are still a lot of small moves. No matter how Ferdinand is also a member of the rule-makers, it is still possible to get a piece of the pie.

The most loyal butler Karl, this time took on the heavy responsibility and went to Germany, where the crisis first broke out. Ferdinand is not good at doing finance, but it is easy to buy a bargain. Buying a bankrupt company at a cabbage price can still be done without technical content!

How is the harvest, Ferdinand has no energy to care, and now he has to deal with the economic crisis in Bulgaria.

The Royal Palace of Sofia, and now the Bulgarian government is gathered together, one by one, all of them are frowning, what a terrible word "economic crisis".

Especially Chekov, who has just returned from abroad as a diplomatic representative, has seen the tragic situation in Germany's economic crisis. Tens of thousands of factories have gone bankrupt, and nearly 10 million unemployed people. There are human tragedies happening every day.

Ferdinand was the calmest one. He knew that in this economic crisis, the damage to the vast colonies of Britain and France was not serious; Russia's industrial backwardness itself did not break out an economic crisis.

This means that the economic crisis is not global, so the crisis in the Balkans is mainly influenced by Germany.

"Gentlemen, cheer up, on the issue of the economic crisis, let's listen to the opinions of experts from Rennes first!" Ferdinand said confidently

Ren-Holman, an Austrian, one of the well-known economists in the Austro-Hungarian Empire, was dug up by Ferdinand at a great cost, and this time it was he who asserted that the economic crisis had spread to Bulgaria.

As soon as Ferdinand finished speaking, Ren-Holman said without courtesy: "This economic crisis was initially caused by Germany, mainly because capitalists blindly invested in railways, and the repeated construction of railways in many areas exceeded the market demand. , the German railway bubble burst in 1890.

Then the stock market plummeted. Since then, the stock price has continued to fall. A large number of companies have gone bankrupt, and they have just encountered a lack of food harvesting, which has aggravated the crisis.

After the economic crisis broke out, in order to survive, German companies urgently needed to seek out markets, and there are now signs that they are eyeing Bulgaria!

But this question is a bit strange. Under normal circumstances, regions with backward economies and limited markets like the Balkans should be the last choice! "

After speaking, Ren-Holman still had a puzzled expression and was surprised by the performance of the German capitalists.

However, Chekov's face is ashen now, and the co-authorship of the crisis is also related to his visit. At that time, Germany was in an economic crisis, and many industrial products were sold with tears. Of course, the delegation bought and bought. Obviously, the big purchase of the delegation attracted the attention of German capitalists.

Now that it has happened, it is too late to regret it. Ferdinand saw that everyone's expressions were a little weird, and said with a wry smile: "Okay, things have happened, and our strategic goal has been achieved. Now let's find a way to deal with the next crisis!"

"Mr Ryan,

I wonder what the worst would be if the economic crisis hits full-blown? "

Ren-Holman thought for a while and said: "Your Excellency, the Grand Duke, Germany is a big industrial country. If we do not take measures, the domestic processing and manufacturing industry will face brutal competition. Moreover, the financial market will affect each other, and this crisis will definitely spread. To other countries, the worst we could possibly face is dumping by big powers.”

Ren didn't say the result, but after analyzing the situation, everyone understood. This time, Bulgaria's processing and manufacturing industry is going to be in bad luck.

"So what can we do now? Is the government going to pay to bail out the market?" Prime Minister Constantine asked uncertainly

"Issued an economic crisis warning to let the capitalists prepare to reduce production, but it is forbidden to lay off employees! If a company wants to lay off employees, the company must first file for bankruptcy, and all shareholders of the company are not allowed to engage in this industry in the future!" Ferdinand said coldly

Everyone sucked in a breath of cold air, this is to cut the flesh of the capitalists. However, this is also the best way to maintain social stability in the most effective way.

It is estimated that the Bulgarian government dared to do this. If it were other countries, the capitalists would have fallen out.

In fact, the Constantines are also very puzzled why the big capitalists in Bulgaria are very disciplined, and the laws issued by the government have always been cooperative and never contradicted. Basically, it is the small capitalists who commit crimes. The mercenary capitalists of other countries are not creatures at all.

Can't figure it out, they can only be attributed to simple folk customs, strong patriotism, and know the overall situation.

Only Ferdinand knew that it was his own vest, and of course he would not come out and sing opposite him.

"Your Excellency the Grand Duke, in addition to this, can we take financial control to limit the outflow of funds!" Constantine took Ferdinand's words

"Yes! In addition, we can also start some government projects in advance to absorb the unemployed! And during the economic crisis, we can try to dig a group of engineers from abroad." Ferdinand thought for a while and said

...

Then in just a few hours of discussion, the Bulgarian government came up with a set of temporary economic policies, ready to be activated.

Ferdinand still has some self-knowledge. Although many measures are copied from later generations, he still has no idea whether it will work or not. He asked: "Mr. Ryan, you are an economic expert, how feasible do you think our strategy is? ?"

After listening to the discussion, Ren-Holman was stunned. He dared to think about these measures. Did all the capitalists in Bulgaria change to vegetarianism?

Hearing Ferdinand's question, he hesitated for a moment before reacting, and then he reminded prudently: "Your Excellency, these measures are theoretically feasible, but they seriously damage the interests of the capitalists. Cause trouble!"

Ferdinand smiled and said: "As long as it is feasible, the capitalists in Bulgaria are of high quality, and they will take care of the overall situation! Our government will also explain in the newspapers, I believe they will understand!"

Rain Holman was a little dumbfounded when he heard Ferdinand's explanation. Could it be that the Grand Duke is so naive to believe that the capitalists will sacrifice their own interests for the sake of the overall situation?

No, you have to find a way to stop it, otherwise it will spread out and let people know that I participated in the formulation, and the fame of my life will not be destroyed. Then he turned his eyes to the cabinet for help, and everyone showed an expression of approval.

Ren was puzzled, were the senior members of the Bulgarian government going crazy? Or is the quality of Bulgarian capitalists really so high? ?

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