suddenly Austria negotiations had started, Alexander II is not a boorish fellow, repudiating a debt is mainly because is short of money, does not mean that he does not lose the prestige clearly the consequence. 俄奥谈判已经开始了,亚历山大二世不是莽夫,赖账主要是因为缺钱,并不意味着他不清楚丧失信誉的后果。 Even if must repudiate a debt, must as far as possible affecting to minimize, in the future some day of Tsar government must establish the prestige. 就算是要赖账,也必须要尽可能的把影响降到最低,未来某一天沙皇政府还是要重新建立信誉的。 The influence that now has is worse, in the future will be more difficult to wash white. The grain of Russian Empire also needs to export, the relations with various European countries cannot deteriorate completely. 现在造成的影响越恶劣,未来就越难洗白。俄罗斯帝国的粮食还需要出口,和欧洲各国的关系就不能够完全恶化。 Otherwise the white vegetable price, others will not want in the future even. When the time comes on the tragedy, must know that the grain overcapacity also same can cause the economic crisis. 不然未来就算是白菜价,人家都不会要。到时候就悲剧了,要知道粮食产能过剩也一样可以导致经济危机。 Depending on the market of Russian Empire, did not only have strength that maintains an economical circulating ring. Closes time that oneself play, started to finish from the Industrial Revolution. 仅凭俄罗斯帝国自身的市场,还不具备维系一个经济循环圈的实力。关起门来自己玩儿的时代,从工业革命开始就已经结束了。 Austria benefits is not only the Russia person biggest creditor and concurrent job ally, is in the Russia person foreign relations the most important part. 奥地利不仅是俄国人最大的债主、兼职盟友,更是俄国人对外关系中最重要的一环。 If even Austria benefits does not handle, the following work should not be done. In the future activity in continental Europe, will not have the Russia person anything matter. 要是连奥地利都搞不定,后面的工作也就不要做了。未来欧洲大陆上的活动,就没俄国人什么事了。 This age also many people think that Russia is the Asian country, after all seven continents are also the artificial divisions, Asian cent demarcation line had not been recognized by the world. 这个年代还有不少人认为俄罗斯是亚洲国家,毕竟七大洲也是人为划分的,亚欧分界线还没有受到世界公认。 Most territories of Russian Empire in Asia, European part also more than 1/4 a little, said that they are the Asian country do not have the too major problem. 俄罗斯帝国的大部分领土都在亚洲,欧洲部分也就四分之一多一点儿,说他们是亚洲国家也没有太大的问题。 Naturally the Russia person will not acknowledge oneself are the Asian country, Franz will not acknowledge, if according to the land area location divides, he must become „non- earthly branch”. 当然俄国人是不会承认自己是亚洲国家的,就连弗朗茨也不会承认,要是按照国土面积所在地进行划分,他就要成“非酋”了。 Only this name very coarse, which province therefore belongs to be scientific with the capital location division country, cannot divide according to the main land area location absolutely. 光这个称呼就非常的难听,所以用首都所在地划分国家属于哪个州是科学的,绝对不能够按照主要国土面积所在地划分。 Vienna Ministry of Foreign Affairs, Wessenberg noted Minister Russia, the discussion law Austria debt problem. 维也纳外交部,韦森贝格照会了俄国公使,商议法奥债务问题。 „Mr. Szo Reis, your country suddenly announced the finance to go bankrupt, feared that was somewhat excessive! As far as I know although the finance of your country is difficult, but has not been in the situation of immediately going bankrupt.” “索雷斯先生,贵国突然宣布财政破产,怕是有些过分吧！据我所知贵国的财政虽然困难,但是也没有到立即破产的地步。” Truly without the situation of arriving immediately going bankrupt, but will go bankrupt several months later. After the civil war ended, the debt that the Tsar government must pay every year, has been over the present financial revenue half. 确实没有到立即破产的地步,只是再过几个月就破产了。内战结束后,沙皇政府每年要支付的债务,已经超过了现在财政收入的一半。 In this case, repudiates a debt can be said as the necessity. Naturally, if the Tsar bureaucratic group became honest and virtuous suddenly, can perhaps fill in this hole. 这种情况下,赖账可以说是必然的。当然,如果沙皇官僚集团突然变得清正廉洁了起来,没准能够填上这个窟窿。 Obviously, this is not possible. The bureaucrats of this age all governments are not that honest, so-called administrative style and achievements of local officials pure brightness are also only relative. 显然,这是不可能的。这个年代各国政府的官僚都不是那么廉洁,所谓的吏治清明也只是相对的。 Compared with the Russia person, various European countries bureaucrats are honest. Did not mean that their bribery and corruption was short, but evolved, knows that what money can receive, what money cannot bump. 和俄国人相比,欧洲各国官僚算是廉洁的。并不是说他们贪污受贿少了,只不过是进化了,知道什么钱可以收,什么钱不可以碰。 The asking for money reckless fool, is very rare. The European countries basically have the cognizant agency to exist, the restrained bureaucrat, naturally compares not to have the bureaucrat of binding force to display is better. 要钱不要命的傻子,还是很少有的。欧洲各国基本上都有监督机构存在,被约束的官僚,自然比没有约束力的官僚表现更好。 Minister Szo Reis poor-mouths confidently said: „ Minister, you are not clear about our pain. In successive years the unceasing war, our domestic economies came under the destructive attack. 索雷斯公使非常坦然的哭穷道:“大臣阁下,你是不清楚我们的苦。连年不断的战争,我们国内的经济遭到了毁灭性的打击。 To be honest with you, perhaps this year's financial revenue also less than 200 million rubles, a dynasty returned for 20 years ago. 不瞒你说,今年的财政收入恐怕还不足2亿卢布,一朝回到了二十年前。 However, debt that every year needs to repay, actually Gundam/reaches as high as 120 million rubles, the remaining money insufficiently maintain the government to revolve radically. 然而,每年需要偿还的债务,却高达1.2亿卢布,剩下的钱根本就不够维持政府运转。 Erupts from the Prussia war now, our every year financial deficits, surpassed the financial revenue, this is the detailed material your excellency please glance. ” 从普俄战争爆发到现在,我们每年的财政赤字,都超过了财政收入,这是详细的资料阁下请过目。” Reads the thick document, Wessenberg has not put out a hand to meet. These are the open secret, the fiscal situation of Tsar government bad, the Vienna government is clear. 看着厚厚的文件,韦森贝格没有伸手去接。这些都是公开的秘密,沙皇政府的财政情况有多恶劣,维也纳政府是一清二楚的。 The present financial revenue less than 200 million rubles, that is also the normal condition. Threw so many national territory, beat the Moscow area, the financial revenue does not reduce has the issue. 现在的财政收入不足2亿卢布,那也是正常情况。丢了那么多国土,又打烂了莫斯科地区,财政收入不降低才有问题。 „ Mr. Szo Reis, we do not discuss that today your country fiscal issue, this issue you should respond to your country Ministry of Finance, they are the heads. “索雷斯先生,今天我们不是讨论贵国财政问题的,这个问题你应该向贵国财政部反应,他们才是负责人。 Goal that we meet today, but discussed the two countries debt problem. Goes into debt to render back the money, this obtained God approval, your country must give an explicit answer. ” 我们今天见面的目的,只是商议两国债务问题。欠债还钱,这是得到了上帝认可的,贵国必须要给出一个明确的答复。” Belt leaning topic failure, Szo Reis not depressed. Deceived to result for a while, actually could not deceive first. Such big debt, was impossible saying that solved. 带偏话题失败,索雷斯也没有沮丧。糊弄过去得了一时,却糊弄不了一世。这么大一笔债务,不可能说说就解决的。 „ Very sorry, minister. By our current financial conditions, is incapable of continue fulfill the debt, we requested the postponement of payment. “很抱歉,大臣阁下。以我们目前的财政状况,无力继续履行债务,我方请求延期支付。 This deadline establishes provisionally is five years later, simultaneously we hope can avoid the loan interest, as well as debt penalty, otherwise five years later we also taste. ” 这个期限暂定为五年后,同时我们希望能够免除贷款利息,以及债务违约金,不然五年后我们也尝还不起。” Repays principal does not pay interests, the outstanding amount between suddenly Austria reduced half directly, the Russia person needs to pay the fund of shrinks to insufficient original 1/3 actually. 还本不付息,俄奥之间的债务总额直接减少了一半,俄国人需要实际支付的款项更是缩水到不足原来的三分之一。 This surpassed the bottom line of Vienna government obviously, according to this standard honors an agreement, the Vienna government must lose money for the Russia person. 这显然超过了维也纳政府的底线,按照这个标准履约,维也纳政府就要替俄国人赔钱了。 Wessenberg shakes the head, serious saying: „ Sorry, the minister, this condition we are unable to accept. 韦森贝格摇了摇头,严肃的说道:“抱歉,公使阁下,这个条件我们无法接受。 Many loans of your government, we provided the guarantee, otherwise you not possible to loan at that low interest. 贵国政府的很多贷款,我们都是提供了担保的,不然你们也不可能以那么低的利息贷到款。 Now you break a contract, this debt needs us to undertake, cannot cheat as the ally. 现在你们违约,这笔债务就需要我们来承担,作为盟友也不能这么坑人。 We request to defer to the contract promise to carry out, the postponement of payment loan can discuss. The loan interest that we provide is very preferential, cannot continue to reduce. ” 我们要求按照合同约定进行执行,延期支付贷款可以商量。我们提供的贷款利息已经很优惠了,不能够继续减少。” The business of losing money no one does, the Vienna government is naturally impossible to be this fool. The Tsar government does not want the prestige to announce the bankruptcy, that is compelled not to have the means that Austria to benefit by the reality does not dare to imitate. 赔钱的买卖没人干,维也纳政府自然不可能做这个冤大头。沙皇政府不要信誉宣布破产,那是被现实逼得没办法,奥地利可不敢进行效仿。 ...... …… The negotiations are still at a stalemate, both sides want to gain more benefits. This news, benefits the financial circle to Austria, is not a good deed. 谈判还在僵持中,双方都想要争取更多的利益。这个消息,对奥地利金融界来说,可不是一件好事。 Especially continues the Russia bond in secret the securities company, as well as to the bank that the Russia person provides the loan. This folk transnational debt, is always most difficult to receive. 尤其是私底下承接俄国债券的证券公司,以及向俄国人提供贷款的银行。这种民间跨国债务,从来都是最难收的。 Originally the relative commercial loan, the security of national debt in fact is highest, in the ordinary circumstances is few countries repudiates a debt. 本来相对商业贷款来说,国债的安全性实际上是最高的,一般情况下是很少有国家赖账的。 What a pity ran into the Russia person, if changes into a small country, even if must repudiate a debt, most still announced the temporarily suspend payment, then came the negotiations to postpone the debt on own initiative. 可惜遇到了俄国人,要是换成一个小国,就算是要赖账,最多也就宣布暂停支付,然后主动过来谈判把债务延期。 Now the tragedy, the Russia representatives disappear very much. If not the Tsar government acknowledged that this debt exists, they will suspect that was deceived. 现在很悲剧,俄国代表人都不见了。如果不是沙皇政府承认这笔债务存在,他们都会怀疑是不是被人骗了。 The acknowledgment turns over to the acknowledgment, does not have money not to have money in any case. When renders back the money, this issue no one gives any answer. 承认归承认,反正没钱还是没钱。什么时候还钱,这个问题没有人给出任何答复。 Their only hopes, are this suddenly Austria negotiations. If the Vienna government has not handled the Russia person, then this debt is everyone's bad debts. 他们的唯一希望,就是这次俄奥谈判。如果维也纳政府都没有搞定俄国人,那么这笔债务就是大家的烂账。 Makes in the whose hand of finance few bad debts? The Vienna government regulates too strictly, they have flung the loss to the private investor, changes a waistcoat to start doing business. 做金融的谁手中没有几笔烂账呢？要不是维也纳政府监管太严,他们早就把损失甩给了民间投资者,换个马甲重新开业。 Very regrettable, Austria benefitted the legal rule is too strict, even escaped the penalty. The law also has the stipulation: After any financial institution goes bankrupt, all management and shareholder three generations can not be engaged in similar business. 很遗憾,奥地利法律规定太严了,就算是逃过了惩罚。法律也有规定:任何金融机构破产过后,所有管理层和股东三代不得从事类似业务。 This limits to the financial big alligators very in a big way, escaping this move does not work. Congenial time must consider the risk, if has problems to hide in may also be involved secretly very much. 这对金融大鳄们限制非常大,金蝉脱壳这一招不灵了。投机的时候必须要考虑风险,万一出了问题藏在幕后也很有可能被牵连到。 Otherwise, from Russia announced that the default starts, should be Austria benefits the bankrupt tide of financial institution. 不然的话,从俄国宣布债务违约开始,就该是奥地利金融机构的破产潮。 So far, because of the Russia default, the entire continental Europe has surpassed the financial institutions of three figures to announce the bankruptcy, but the financial industry that Austria benefits is also supporting by strenuous efforts. 截止到目前为止,因为俄国债务违约,整个欧洲大陆已经超过了三位数的金融机构宣布破产,而奥地利的金融业还在苦苦支撑着。 Reads in the share of long-term interests, as long as the capitalists can support, no one wanted to be eliminated at this time. 看着长远利益的份儿上,资本家们但凡是可以撑过去,就没有人愿意这个时候出局。 Feilibote is only one, after one rushed about, has not obtained the answer of wanting. 菲利波特只是其中的一员,经过了一番奔波过后,还是没有获得想要的答案。 tall Lirun follows the high risk forever, wants to reduce the risk is also simple, when peddles the bond do not make to suffer no loss of capital the commitment, made clear the investor the risk on the line. 高利润永远伴随着高风险,想要降低风险也简单,在兜售债券的时候不要做出保本承诺,将风险明确告知投资者就行了。 Issue debentures, not by prestige, but must put out the guarantee. So long as underwent the strict verification, even if the debt has problems finally, is impossible to compensate complete wipe-out. 发行债券,又不是靠信誉,而是要拿出担保的。只要经过了严格审核,就算是最后债务出了问题,也不可能赔得血本无归。 Ignorant returned to the company, Feilibote sat in the office smokes the cigarette. Has started to calculate at heart, is to fill in this hole from other place collection fund. 浑浑噩噩的回到了公司中,菲利波特坐在办公室吸起了烟。心里已经开始盘算,是不是要从别的地方筹集资金填上这个窟窿。 The high commission adds on the penalty that cashes ahead of time, in the computation company the situation of operation cost and tax revenue, this time amount of loss has about 5.6 million aegises. 高额的佣金加上提前兑付的违约金,在计算公司运营成本和税收的情况下,这次的亏损额大约有560万神盾。 As for company operation cost and tax revenue, the commission of in fact initially gaining, rolls the income in the money market bringing, has been able to make up. 至于公司运营成本和税收,实际上当初获取的佣金,在金融市场上滚动带来的收益,早就可以弥补掉了。 If the synthesis calculates, the amount of loss of this business will be smaller, otherwise the financial industry will not be called the sudden and huge profits industry. 要是综合计算下来,这笔生意的亏损额可能还会更小,不然金融业也不会被人称之为暴利行业。 Even if all bondholders, need to cash ahead of time, fund that now needs to disburse still on 600 600,000-700,000 aegises. 就算是所有债券持有者,都需要提前兑付,现在需要支出的资金也就六百600,000-700,000神盾。 The fund in company project can solve half, undersells stock and bond that part has for a long time, but can also collect 1.5 million aegises again. 公司项目上的资金可以解决一半,抛售一部分长期持有的股票、债券,还可以再筹集一百五十万神盾。 Sells several mansions under name, can collect 400,000-500,000 aegises, the final gap is also 1 million aegises. 出售自己名下的几栋豪宅,也可以筹集400,000-500,000神盾,最后的缺口也就是一百万神盾。 So long as preserved the company, these money can gain. After all Feilibote securities company does not exist alone, but also holds a stock of bank. 只要保住了公司,这些钱都可以赚回来。毕竟菲利波特的证券公司也不是单独存在的,还持有一家银行的股份。 Feilibote profit that gets from the company, comes out part to be used for the individual consumption, was certainly big part to invest other domains, the bank was one of them. 菲利波特从公司获得的利润,出来一部分用来个人消费,绝大一部分都是投资了其它领域,银行就是其中之一。 Even now this time, he has not sold out the bank stock the meaning. Without the status of bank shareholder, the securities company wanted to finance is difficult. 即便是现在这种时刻,他都没有卖掉银行股份的意思。没有了银行股东的身份,证券公司想要融资就难了。 In him is pondering how to raise the fund time, familiar sound conveyed. 正在他思考怎么筹集资金的时候,门外一个熟悉的声音传来了。 „Mr. Feilibote, good news and good news!” “菲利波特先生,好消息、好消息！” Feilibote did intentionally said calm: „Alpha slow point said, should not be excited.” 菲利波特故作淡定的说:“阿尔法慢点儿说,不要激动。” The young people of alpha said pantingly: „ Just received the message, the rich country securities purchased the Russia bond in the market. 阿尔法的年轻人气喘吁吁的说:“刚刚收到了消息,富国证券在市面上收购俄国债券。 But the price is somewhat low, they are only willing to have the face value two, is lower than the present market value, and also defined only receives the Russia person to benefit the exclusive bond of release to Austria. ” 只不过价格有些低,他们只肯出面值的两层,比现在的市值都要低,并且还限定了只收俄国人向奥地利发行的专属债券。” After the Tsar government announced repudiated a debt, the bond of Russia person depreciates. Has not become the scrap paper all of a sudden, after all the Russia person may cash, is only the hope is uncertain. 沙皇政府宣布赖账后,俄国人的债券就贬值了。没有一下子成为废纸,毕竟俄国人还是有可能兑付的,只是希望渺茫而已。 The value is valuable, what a pity does not have the city. Regardless of price many, in the market no one dares to receive. Duns to the Russia person, everyone has not thought oneself have that ability. 有价是有价,可惜没有市。无论价格多少,市场上根本就没有人敢收。向俄国人讨债,大家还不认为自己有那份儿能力。 The action of rich country securities, poured into a good medicine to the market without doubt. However this and Feilibote relates not in a big way, the buy-back Russia bond, gathered the bond to gain the price difference from the market very much awfully again, is ok! 富国证券的行动,无疑是给市场注入了一剂良药。不过这和菲利波特关系不大,回购俄国债券都很要命了,再从市场上收取债券赚差价,还是算了吧！ The money of this high risk, the big alligators dare to play. As young private in capital market, do not join in the fun. 这种高风险的钱,只有大鳄们敢玩儿。作为资本市场上的小卒子,还是不要凑热闹了。 „Immediately contacts with them, in our hands has massive bonds, asked that they want. So long as they possibly the 50% discount, the non- 60% discount I sold to them!” “立即和他们接触一下,我们手中有大量的债券,问他们要不要。只要他们可能出五折,不四折我就卖给他们！” This is a probe, compared with the financial big alligators, Feilibote news is insufficiently quick. 这是一次试探,和金融大鳄们相比,菲利波特的消息还是不够灵通。 Actually is the smoke shell that the rich country securities put, the matter really had the favorable turn, is completely an unknown. 究竟是富国证券放出来的烟雾弹,还是事情真的有了转机,完全就是一个未知数。 The bond quantity of after all in the big organization hand having, but be much more than them. Is forced ahead of time the financial institution of buy-back bond, is not one and two. 毕竟大机构手中持有的债券数量,可要比他们多得多。被迫提前回购债券的金融机构,又不是一家、两家。 For the stable will of the people, spreads a news intentionally, that is also completely possible. Not is only Feilibote was suspecting, Austria benefits many financial institutions to suspect. 为了稳定人心,故意放出一个消息,那也是完全可能的。不光是菲利波特在怀疑,奥地利很多金融机构都在怀疑。 suddenly Austria negotiations reached the impass, this is an open secret, most financial circles, are paying close attention to the negotiation process. 俄奥谈判陷入了僵局,这是一个公开的秘密,大部分金融界人士,对谈判进程都在密切关注。 To know that the specific content is not difficult, must benefit the diplomacy to receive the news to be possible from Austria to be very difficult, but must make clear the negotiation process from the Russia person, that is only the issue of money. 想要知道具体内容都不难,要从奥地利外交获得消息或许会很困难,可是要从俄国人那边搞清楚谈判进程,那只是钱的问题。 However the news genuine and fake, everyone is actually not able to judge. Normally, the prestige of Russia bureaucrats is very good, receiving money the management is their good work ethics. 不过消息的真假,大家却无法进行判断。正常情况下,俄国官僚们的信誉还是很不错的,收钱办事是他们的良好职业道德。 If by some chance the matter could not manage, might also enjoy the refund service, this was many human bodies has met. 万一事情办不了,很可能还会享受到退费服务,这是很多人体会过的。 However this time is specific, the involved issue is too big. If some people pay the high price, making them join in the fun, possibly has. 不过这次情况不一样,牵扯的问题太大。要是有人出高价,让他们逢场做戏,也不是没有可能。 What is most credible is asks the foreign minister to confirm personally, this foolish matter also no one knows to dare to do. Courts death does not bring such, the dignity of Vienna government cannot be defied, dares to peep at state secret that wants the deceased person. 最靠谱的是找外交大臣亲自确认,这种蠢事还没有人知道敢干。找死也不带这么的,维也纳政府的尊严不容挑衅,敢窥视国家机密那是要死人的。 Probed the rich country securities to become the only choice, if the negotiations made the progress, then in everyone hand held massive Russia bonds to gain in a big way, otherwise is at the worst same as the present. 试探富国证券就成了唯一的选择,万一谈判取得了进展,那么大家手中持有大量的俄国债券就赚大了,反之大不了和现在一样。