Chapter 1271 Loans

Chapter 1271 Loans

The Earl of Derby frowned. This seemingly joking proposal was not out of consideration.

In fact, Britain was the largest creditor of the Austrian Empire at this time, but the latter was most likely not going to pay back the money. But the latter had already recovered the cost so many years ago.

The two sides did not even tacitly agree, but signed an agreement to repay only a certain percentage of interest.

Now, of course, a new agreement must be signed to lend to the Austrian Empire, but the relationship between the two countries is very bad at this time.

Especially in the competition for colonies, although the Austrian Empire has no direct competitive relationship with Britain, its allies and the so-called German Confederation colonies have many frictions with Britain.

In addition to the Mediterranean naval war and the hatred of Greece, the French problem, the Balkan problem, the Polish problem, and the fact that the Austrian Empire is an ally of Russia, the two sides have accumulated deep resentment.

In addition, the Austrian Empire has already had a precedent of threatening Britain with debt. If it lends money to the Austrian Empire at this time, will it be suspected of being a sheep walking into the tiger's mouth?

However, the armistice agreement between Britain and the Austrian Empire will expire in 1853. During this period, it is unlikely that the two sides will go to war, and the latter is already deeply mired in the quagmire of Spain.

Today, Britain is already deeply in the economic crisis, and the main problem of the financial industry is that it dares not spend money.

Although the financial crisis caused by the insurance industry has been resolved, a large number of insurance companies still go bankrupt or apply for bankruptcy protection.

If the funds in the financial industry are not moved, they are dead money, and if they are not moved, they are equal to losses.

These are the ideas that those financial families have instilled in Earl Derby. Although he has not thought about becoming a helper for these people, he has been influenced by them in a subtle way.

So both the Baring family and the Rothschild family are willing to spend a lot of money to make friends with the powerful.

As long as there is a slight policy tilt, they can use their advantageous position to make a lot of money.

As a British, Earl Derby is very superstitious about financial alchemy. He thinks this may be a good opportunity to save the British economy.

"Gentlemen, perhaps this proposal is worth our consideration. But we need professionals to analyze it for us."

Chancellor of the Exchequer Disraeli looked confident. In fact, he also thought this proposal was good, because the people affected by the City of London were not only Earl Derby.

If the money could be lent to the Austrian Empire, it would certainly greatly alleviate the crisis of excess capital in the British financial industry.

In fact, the financial crisis did not occur because the wealthy people in Britain had no money. On the contrary, these people were too rich. They invested in railways and factories everywhere, and ordinary people could not afford to consume.

The economic bubble burst, and these people ran away with buckets, and cut another wave of leeks. Unfortunately, the leeks were cut off, so the financial crisis was triggered.

It was expected that the war between Britain and Austria could stimulate demand and transfer the debt to the government.

However, the Irish issue and the restlessness of the Charters, as well as the successive failures of the Mediterranean naval war, made the British government dare not go all out.

France faced a similar situation, so some people thought of the United States.

However, the storm of 1848 also swept North America. The revolution broke out in France, Texas was isolated and helpless, and the United States, Mexico, and Austria were ready to join forces to divide the French land.

It was thought that the French would give up resistance when surrounded by powerful enemies and without foreign aid.

However, the Americans suffered a Waterloo in Dallas. Under the desperate resistance of the local French army, the US military failed to break through Dallas until the Texas colonial government announced its surrender.

Dallas, the most important strategic hub in northern Texas.

The US military suffered nearly 20,000 casualties in the Battle of Dallas, but failed to capture the Dallas Fortress, which had less than 10,000 garrisons, so only a small amount of spoils were obtained when the spoils were divided after the war.

The fortress that had been unable to be captured for a long time was transferred to the hands of the German Confederation, which made the Americans feel ashamed, but they also knew that the US Army at this time was no match for the German and Mexican coalition forces.

Based on the principle that a good man does not suffer a loss in front of him, the United States chose to compromise. This may be the wisdom of politicians, but in the eyes of businessmen, this is a sign of weakness.

In the 19th century when ferocious beasts were rampant, the weakness of a country was the original sin, and businessmen would not choose a country that could not protect their own interests.

Only a small number of people transferred their property to the United States, but it was a timely rain for the United States.

Without further ado, in the case of insufficient demand, the British can only look overseas, and the Austrian Empire is undoubtedly the best choice at this time.

The Austrian Empire is large enough and has enough troubles. The most important thing is that its credibility and repayment ability are much stronger than Russia.

Thinking of this, the Minister of Finance Disraeli was about to step forward, but he only heard Earl Derby say.

"Let's ask Councillor Lionel from the Rothschild family to speak."

The crowd applauded. The British are not unfamiliar with the name Rothschild. Everyone wants to hear what the current head of the Rothschild family has to say.

In fact, Lionel Rothschild has always been anti-Austrian, and his uncle Solomon Rothschild's family is still missing.

More importantly, the Rothschild family's intelligence network in the Austrian Empire and the huge assets that may exist are also missing at this time.

These hatreds make Lionel extremely hostile to the Austrian Empire, but as a businessman, he will not go against money.

The economic crisis that occurred in the UK at this time also led to a financial crisis. The business volume of banks dropped sharply and runs occurred from time to time.

Lionel knew he had to save himself, otherwise it would cause bigger problems than the loss of his assets.

Loans to the Austrians are undoubtedly a good choice. With the current situation in the UK, I am afraid that there will be no improvement in a few years. Loans to the Austrians can at least receive interest.

As for the Austrian Empire's default, Lionel was not too worried. After all, he was a financier of the British Empire, and he was not the one who lent money to the Austrian Empire.

"Gentlemen, although it is emotionally unpalatable to lend our money to our enemies, the great thing about us in Britain is that we do not choose the people we deal with based on our own likes and dislikes.

In order for us to get out of the shadow of the economic crisis as soon as possible and for the sake of peace throughout Europe, we in the UK lend money to the Austrian Empire, but the annual interest rate cannot be lower than 8%.

At the same time, the Austrian Empire needs to use the gold mines of Namibia as collateral. If Austria cannot repay the money on time, then we have the right to take over the gold mines of Namibia and reserve the right to pursue further pursuit. "

The people present were all smart people. They knew what Lionel meant. The Austrians were not fools, and it was impossible to borrow money at usury.

But our British Empire is not engaged in charity. If the annual interest rate is less than 8%, it will not be worth the gain.

At this time of economic downturn, it is better to lend to Austrians than to let your money gather dust at home or pay custody fees in the bank.

Except for Disraeli, the Chancellor of the Exchequer, who was a little dissatisfied, everyone else was very satisfied with this decision. After all, no one present had any money left at home.

Naturally, no one cared about Disraeli's harsh words out of anger. People cared more about profits.