Bulgarian Empire

As soon as the run took place, it caused a sensation in Vienna and began to spread in all directions. The stock market reacted immediately, and Austro-Hungarian Bank's share price began to plummet.

At this time, Vickers was in a hurry. No bank is not afraid of a run, especially in an economic crisis. Immediately, a general meeting of shareholders was held to seek help from the major shareholders behind the scenes.

Vickers' decision is correct, and the shareholders behind the Austro-Hungarian Bank are all powerful and powerful people in the Austro-Hungarian Empire. As soon as these big men acted, the Austro-Hungarian government came forward to refute the rumors, guaranteed the Austro-Hungarian bank, and Vickers borrowed a sum of funds from other colleagues for emergency.

At the same time, they used the relationship, persuaded the good media, and started a public opinion offensive in an attempt to reverse the adverse impact.

Austro-Hungarian Bank would have survived the crisis by now, if no one interfered. However, Fuhu will definitely not give up. Ferdinand's purpose is to make the Austro-Hungarian Bank's vitality badly damaged, and it is best to go bankrupt directly.

The biggest problem with the Austro-Hungarian Bank right now is "credit." As long as the people continue to spread the bad news about the Austro-Hungarian Bank, no one can save it.

At the end of the 19th century, government regulation of public opinion was minimal, and the freedom of the media was extremely high. Fuhu still chooses the old method - with rhythm, for example: last month Tianwei Rui Textile Factory went bankrupt, and owed a loan to the Austro-Hungarian Bank, which became a bad debt; Also owed, a loan from the Austro-Hungarian bank, another bad debt and so on.

Reporting bad debts is a small problem. How can there be no bad debts in opening a bank? However, the specific amount is not mentioned, and it is all described as "huge loan". The amount of this "huge amount" depends on the people's brains.

For ordinary people, a loan of 10,000 kronor is also a huge amount, and a loan of one million kroner is still a huge amount. Any number is possible, and ordinary people make guesses based on what they think is reasonable.

Then the more I thought about it, the more I felt that there was a problem with the Austro-Hungarian Bank. Recently, bad debts have always been reported. This is only made public. I don’t know how many secretly there are. No, the Austro-Hungarian Bank is afraid that it is dangerous, and you have to withdraw the money quickly! The run crisis intensified.

The current direction of public opinion in Vienna is very strange. Most of the mainstream media are calling on everyone to calm down and stand up for the Austro-Hungarian Bank; while other tabloids report the bad debts of the Austro-Hungarian Bank one after another, fighting each other.

In general, Vickers' public relations were effective, and the Austro-Hungarian Bank gradually reversed the negative impact on public opinion, but the number of people who took money did increase.

Vickers must not know that there is a kind of "hype" in the future. It does not need to show evidence to convince everyone. As long as some people doubt it, the goal can be achieved.

There is a war of words between the media, and now the topic of the Austro-Hungarian bank crisis has been copied, and it is difficult for ordinary people to distinguish between true and false.

For the sake of safety, many people chose to withdraw money from Austro-Hungarian banks in advance, and seeing the crowd in the queue strengthened their determination, and then affected more people.

Vickers panicked, the Austro-Hungarian bank run crisis broke out, and now millions of cash are being withdrawn every day, and the number is still increasing. Even some big customers are starting to wait and see, and once these people join in, then Austro-Hungarian Bank is really finished.

Vickers decided to completely reverse public opinion. He is very aware of the shit and urine nature of newspapers, and no matter how they report it, it is for a word of money. There may be newspapers that really exist for the sake of justice, but they are not worth mentioning in the face of money.

The Austro-Hungarian Bank has stepped up its money offensive, but Vhu will not sit still. Ferdinand's intelligence organization in Vienna was the first to operate, and its power is definitely not what it seems on the surface.

Soon, Fohu had evidence that the Austro-Hungarian Bank had bought the newspaper. A picture of the money transaction between the Austro-Hungarian bank and the newspaper was published on the front page of the next day.

There is also a small photo of a bullet attached to the photo, as well as the passionate explanation of the editors, justice will not yield in front of money, justice will not compromise with bullets... It is bound to expose the despicable methods of the Austro-Hungarian Bank.

There are pictures and the truth. This time, the reversal caused is much bigger. The people of the Austro-Hungarian Empire are angry, and they join in the denunciation of the Austro-Hungarian Bank.

Now it's too late for Vickers to do anything. The people all believe that there is a problem with the Austro-Hungarian Bank. Otherwise, why would they spend money to buy off the newspaper, and why would they threaten people?

Vickers wants to cry but has no tears now. That's right, he did it with money to bribe it. It's a very common thing. It's normal to bribe public opinion.

But sending bullets, this kind of rubbish method really has nothing to do with him, it is not easy to deal with a street tabloid, does it need to be taught?

But now any explanation is futile. Except for the newspapers they control themselves, other Vienna media dare not speak for them anymore, which really affects their credibility.

Vickers has not broken, in fact, there is no need to think of other ways now, and it is the right way to deal with the run crisis.

As a qualified banker, Vickers knew that getting through this difficult time was a matter of money, and his top priority was to do his best to raise money.

But another bad news came, Wiesen Czech Bank went bankrupt!

"The rain is coming and the wind is filling the building"

Although Wiesen Czech Bank is not as good as Austro-Hungarian Bank, it can also be ranked in the top ten of the Austro-Hungarian Empire. Such a large bank is finished.

On the eve of the financial crisis, Wiesen Czech Bank was ambitious and aggressively expanded its financial territory. Then, the pace was too big, and it caught up with the financial crisis.

Quietly transferred some high-quality assets, and then suddenly declared bankruptcy, giving another blow to the precarious Austro-Hungarian Bank.

The financial world of the Austro-Hungarian Empire is now in a state of turmoil, and the tide of runs has begun to spread. The people seemed to have lost confidence in the banks and took to the streets one after another, forming long queues.

The Austro-Hungarian government could not sit still either, announcing that it would save the world, and asking for help from the German financial community.

Bankers also began to rescue themselves. Vickers took the lead in announcing a moratorium on lending, and then began a tearful sale, selling the assets of Austro-Hungarian Bank to deal with the credit crisis.

When Ferdinand in Bulgaria received the news, he knew it was almost time to close the net. The financial crisis of the Austro-Hungarian Empire was caused by the economic crisis that led to the lack of confidence in the bank.

When the Austro-Hungarian government reacts, the crisis of joining the Salvation will almost pass. Besides, it is impossible for Germany to watch the financial collapse of Austria-Hungary. The economic ties between Germany and Austria are very tight. Unless they feel that the economic crisis in Germany is not big enough, they must save Austria-Hungary.