Chapter 1401:
The current economic situation in Europe is not optimistic, including Russia. After the post-war reconstruction cannot be carried out, economic recovery will be too much constrained.
Why did the World War I cause a large amount of wealth from Europe, especially the governments of the participating countries, who did not have half a single hand, but instead owed a lot of debts. Russia is relatively a bachelor and directly chose to pay for debts, but it also has to bear the cost of collapse of international credibility and reputation, and is also subject to sanctions from the whole world.
The situation of Britain, France, Germany and Austria is also not good. If possible, they also want to learn from the Russians who directly pay the debt. So the most troublesome thing now is the United States, the largest creditor country in the world. As the saying goes, the old man owes money, so the United States really needs to put some effort into how to recover Europe's debts.
November 23, 1923.
The first League of International Conference was officially held, and mainstream countries in the world were basically invited. In addition to discussing the post-war situation, world economic recovery, anti-Labor and other issues, debt issues are also one of the key points.
So, after discussing the reconstruction of the post-war order in Europe and how to deal with problems such as the European Labour Party.
"The post-war reconstruction work in Europe is progressing slowly, and production and living facilities have been severely damaged, which means that Europe is now unable to repay too much debt, so countries such as the United States, East Africa, Japan, etc. should understand the difficulties of European countries today." At the League of Nations meeting, the British representative first attacked.
Among the three countries named, the representatives of the United States and East Africa looked ugly.
Although East Africa and the United States are not sure whether to join the League of Nations, they also sent special personnel to attend the League of Nations' first meeting.
Regarding the debt issue, the United States Commissioner Smith responded without hesitation: "As an important civilization center in the world, Europe should have a spirit of contract. After all, the wealth of our American people is not blown by a strong wind."
"As the richest country in the world, Britain should not say such things. Your efforts in the first battle may not be much greater than that of the United States, and the local area has not been affected by the war at all. How can the post-war reconstruction be said?"
"And, Britain's social wealth is definitely the world's first. Britain itself is the economic center of the world, occupying the largest colonies and the vastest world market share. "
"As the world's largest country, Britain should take the initiative to assume its own responsibilities, rather than just enjoying the rights brought to Britain by the international system, which is unfair to other countries in the world."
The Americans refuted the idea that Britain wanted to pay owes debts. Among the European powers that provoked the war, Britain itself had the strongest economic strength and had the least losses.
Although I borrowed a lot of dollars from the United States to support the war, objectively speaking, this is the blame for Britain itself, and the United States will not be polite because of Britain.
East Africa Representative Geles also said: "As His Excellency Smith said, European countries should pay more attention to the spirit of contract, otherwise this will be a great damage to the existing social order and international rules. Obviously, no country can bear the consequences of this practice."
In fact, Europe does not owe much money to East Africa, at least compared with the United States, it is almost negligible. It was not until the middle and late stages of the war that East Africa truly made a profit from it. After all, before the war, East Africa owed Europe a lot of money.
However, although Europe's debt ratio to East Africa is small, it definitely does not mean that East Africa can ignore the debt. After all, no one will think that it is too much money, and East Africa has never been a rich country in nature. In terms of national income level, East Africa can only rank in the middle among the great powers.
So, it is a joke to make East Africa, a country that is not rich, take responsibility for the rich European countries such as Britain, France, Germany and Austria.
The British representative continued: "Our United Kingdom is a country that is of course a credibility, but you should see the difficulties of Britain and Europe."
"So, the debt repayment period should be postponed, and even a part of non-essential debt problems should be greatly reduced."
Of course, the UK cannot overturn the current international order. After all, Britain is the biggest beneficiary, so it should do its best to maintain the old international order, but this does not conflict with the UK's desire to owe debts.
And, without overturning the old international order, the United States and East Africa both have no choice but to use the British rulemakers.
To overturning the old international order requires strong military strength, and the gap between East Africa and the United States on European issues is still quite significant. Of course, this is a comparison with the entire Europe.
If Europe is a country, there is no doubt that Europe can still hold its position as the world hegemon and maintain it for at least one hundred years.
But Europe happens to be not a country, and it is divided into various parts and mixed things. But even so, the strength of Britain, France, Germany, Austria and Russia cannot be underestimated if it comes out alone.
Take Germany as an example. If Germany's performance in World War I was alone against the United States and East Africa, the final result is likely to be Germany's failure, but what if it suddenly joins a European power in the late stage of the war?
So, whether it is the United States or East Africa, I am still very afraid of the entire Europe, and it is even more impossible to allow Europe to truly move towards unity.
In dealing with European issues, East Africa and the United States still have some common topics, but it is obviously impossible to cooperate closely with the two countries like European countries. After all, in terms of national strength, it is difficult to determine who is the leader and who is the second.
In the past life, outside Europe, there was no country stronger than the United States, so the United States eventually became the world hegemon. There was no big problem. Now there is more East Africa, which makes the future direction of the international landscape blurred. "I think the words of the British representative are still very reasonable. Now Europe, especially our France, has suffered a huge loss in the war. Before the national economy is restored, even if you want to repay the debt, you are completely powerless." The French representative said.
Compared with Britain, France is really "poor". France itself is one of the biggest victims of World War I, and its losses are second only to Russia. Its own population and industry have been hit hard by the war.
In addition, France was also detained by the Russian Labor Party for inadvertent investment. The evaporation of this wealth had no less impact on France than the impact of World War I on France.
So, France is now even more slacking off when facing debt issues, or simply not even wanting to face it, not asking for money, not wanting to die...
France's "poverty" is more reflected in government finances. In fact, France's country is strong, and its overseas colonies and social wealth are still considerable. However, if we want to hand over these, France can only "eat braised vegetables".
In fact, in the last century, France's debt repayment ability has been reflected. Therefore, if France has the "heart" to repay its debts, it is still possible to do a cattle and horse for the United States and East Africa, but this is absolutely impossible unless the US military and the East African Defense Forces enter Paris and put a knife on France's neck. Germany naturally supports the actions of Britain and France: "Europe does need time to recuperate, and we have to face the pressure from Russia and the European Labour Party."
"If the European economy collapses due to debt problems, I think the last beneficiary is the Labor Party. At that time, compared with Labor, it was undoubtedly the best choice to help Europe overcome the current economic difficulties."
"If you forced too hard and caused a color revolution in Europe, I think not to mention debt, your own safety will also be threatened by the Labor Party."
The Labour Party’s approach is very simple, directly banning all debts, so that the economy can be reopened directly like a game. Of course, this also means that the so-called “wealth” evaporates directly, just like gold coins, skills and experience in the game.
The German representative is not alarmist. The situation in Europe is indeed the case. Under such difficult economic conditions, the European Labor Party's activities are becoming more and more frequent, especially the people at the bottom, and even began to take the initiative to accept the ideas of the Labor Party.
This is also the fundamental reason why the European Labour Party has not only not disappeared with the suppression of governments, but has become stronger. As long as the people in Europe are forced to join the Labor Party, they will really join the Labor Party. After all, compared to being unable to survive, joining the Labor Party is a very good option.
It seems that the "difficulties" of European countries finally convinced the East African representatives. Gers said: "Labor is indeed an international issue. If Labour is allowed to proliferate in Europe, it will be a disaster for the whole world."
Let Labour integrate Europe, which means the rise of a superpower across the Eurasian continent, and this power is naturally in opposition to imperialist countries such as East Africa and the United States. Even if it is isolated overseas, this superpower will not let the two countries go.
The discoloration of Europe is not groundless, but it is really possible that this situation may occur. Take the UK for example. The support rate of the British Labor Party has soared in recent years. Although the "Labor Party" in the UK is not purified enough and is not recognized by the Russian Labor Party, it is also very telling.
In fact, this type of "Labor Party" also has a very good market in East Africa, because East Africa itself is a special country that has implemented a planned economy. Some people in the international community have long said that Emperor Rhine Ernst is suspected of "working".
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Of course, East Africa is obviously not a so-called "Labor" country, but is just drawing on some of the special economic and national governance practices of this type of political party.
However, for those European and American free economists who doubt that East Africa is engaged in "working" are completely conclusive. After all, Roosevelt only learned 30% of the imaging in his previous life, and some Americans were labeled as "Labor Party". Before that, East Africa had almost reached more than 70% of the similarity with the Labor Party. If the Soviet Union appears in the future, it would probably be more than 90% of the similarity.
Of course, two people look like each other, but they do not mean they are the same person. East Africa and the Labor state are examples of this, even in nature, completely opposite.
As for the national system in East Africa, it is actually not pleasing to both sides, and the Labor state dislikes it, and capitalist countries also dislike it.
In addition, East Africa has never exported ideology to the outside world, especially to Europe and the United States. With the shift in East Africa's economy in recent years and the improvement of East Africa's national strength, most people will not focus on these small problems.
Gells continued: "We in East Africa are concerned about world security, and of course, more importantly to curb the proliferation of Labor, and we can make some compromises on the debt issue in Europe."
"However, this kind of compromise is more a responsibility that our East Africa must bear based on a world power. Therefore, debt cannot be eliminated, but the repayment period and scale can be relaxed."
The "betrayal" of East Africa instantly caused the Americans to explode on the spot. Smith just pointed at Gers' nose and said, "You East Africa are actually traitors!"
After all, European countries are now a group of "deadbeats" for the United States and East Africa. As creditors, the two countries should unite, but now East Africa is taking its own initiative and compromising with these European deadbeats, which is obviously an embarrassing situation for the United States.
Yes, East Africa deliberately puts together the United States. After all, although East Africa is also a creditor country, Europe's debt to East Africa is almost negligible.
The logic of East Africa and Europe's debt can actually be described as borrowing first and then borrowing. Before World War I, East Africa borrowed heavily from Europe, and even did not pay attention to economic laws at all at that time. How much can be borrowed depends entirely on ability. After the war broke out, East Africa repayed its debts to European countries through commodities and industrial products, and East Africa followed the trend and completed the leapfrog development of industrialization.
This is not the case with the United States. Although they owe Europe a lot of money before the war, a large part of it was reflected in the form of investment in the United States by European countries.
During the war, because of the developed and mature financial system of the United States, European countries were able to borrow from the United States very smoothly. To a certain extent, East Africa became the foundry factory of the United States. European countries borrowed from the United States, and the United States paid a deposit to purchase goods from East Africa and transported them directly to Europe.
This is also an important reason why the United States became the world's number one creditor country after the war. To put it simply, it is that in the free market of the United States, it can continue to install without risks. East Africa is able to step on the brakes because of its immature financial industry and strong government supervision.
In fact, East Africa's foreign lending business was basically concentrated in South America and other regions in the later period, rather than Europe, which had the highest profits at that time.
During the war, in order to achieve the final victory, European countries naturally borrowed a large amount of money from abroad without any scruples. After all, compared with borrowing money, if they die, it is of no significance.
The total amount of their loans will undoubtedly exceed their own repayment ability, which is destined that many European countries will become deadbeats after the war.
It is obvious that East Africa and the United States cannot "armed debt collection" from Europe, so in the middle and late stages of the war, East Africa knew that Europe's debt problem was a huge trouble, and American financial institutions had no such concerns at all.
After all, business and financial industries have always been brave and timid. For the sake of wealth, these businessmen and financial institutions in the free market will continue.
This approach cannot be said to be wrong. After all, all successful large enterprises are each one who has achieved success. Behind their success is the fall of countless entrepreneurs.
From this point, East Africa's businessmen are far less pure than American businessmen, but this is normal. After all, East Africa's completely opens its free market just over a decade ago, and it lacks a long-term and stable business atmosphere.
In short, the most troublesome thing to deal with the debt problem in Europe now is the Americans. In my previous life, there was a German named Adolf. Like the Russian Labor Party, he did not want to repay the debt, so he chose to kill the creditor, but the final outcome was very bad.
But if the whole of Europe follows Adolf's approach, with the current overall strength of Europe, no country can do anything to him.
(This chapter ends)