European Financial Emperor - European Financial Emperor chapter 212

212 Post-war settlement and austerity (2)

Women from each family came with a delegation for post-war training.

In just two days, they defeated 500 candidates and proudly won the wedding.

But, unexpectedly, some of the people who came to Lee Hwan were from outside the Federation.

“… … Ophelia I?!”

“Yes, it is. Your Majesty, the Prince of England is asking for a wedding.”

“This is something I never even imagined… … .”

It was actually even a little shocking that the Queen, in England, was the first to come face to face.

However, this was only the beginning.

“Once the match with Britain is over, you should see the match against Russia. Next, you have a confrontation with Queen Maria of Portugal, and Princess Lucia of Spain has been waiting for you since a week ago to have an audience with your majesty.”

He clearly said that it was a matter of bringing in a concubine, and he clearly informed that he had to get married in a situation where he had a real wife.

But nevertheless, it was a truly extraordinary event that the queens came to marry.

“No, in that country’s royal family, does it matter if the queen enters the concubine?”

“Marriage, so your Majesty is getting married a second time. Even if the order is a little delayed, isn’t the title of wife still granted for now?”

“It is, but… … .”

“This is more important than you think. By betrothal to the lord of Easterfield, who deserves to be called his second or third wife. Doesn’t that mean that they can borrow their strength at least once in the future when they are in crisis?”

Things turned out to be bigger than expected.

But the king must keep his word.

Lee Hwan went to face Ophelia with the thought that there was nothing special.

Unlike usual, she stood in front of Lee Hwan wearing a very colorful and old-fashioned dress.

To the extent that anyone saw it, it seemed like they were getting married.

The two greeted each other politely and politely.

“We met again.”

“I am here today as a queen. Congratulations on your enthronement.”

Now, the relationship between the king and the king, one or two people created a slightly softer atmosphere by using honorifics rather than haoche.

Ophelia asked Lee Hwan straight-forward.

“Are you willing to marry our country?”

“It’s a national marriage. To be honest, I never thought of having a blood relationship with England.”

“I know it will be frustrating. But I thought this was the only way for us, as strong allies, to no longer bring blood and winds to Europe.”

“Hmm… … .”

“As a woman, I never asked you to look at me. I also don’t think it’s going to happen in such a short period of time.”

Even the fact that she came to California as a queen to indulge her in marriage could have made her think she had already abandoned her pride.

What kind of answer should Lee Hwan really give her?

Before Lee Hwan could give her an answer, she explained very simply and clearly why she had to marry her.

“Above all, it is clear why we should get married. It is to unite Europe’s currencies and make it a land free from conflict.”

“You mean to tie Europe into one economic sphere?”

“That’s it.”

“Hmm… … !”

“Europe cannot survive on its own domestic economy. Somehow, we have to live by filling the gaps that cannot be filled in the domestic economy through trade and commerce. It is no longer possible to maintain the state with outdated ideas such as simply expanding territories or building a new economic sphere.”

In the past, they expanded their national power by annihilating or colonizing countries considered inferior to themselves.

This expansion strategy was an opportunity to put the Western powers on a solid foundation, but with the advent of Easterfield and the establishment of the United Nations, the flow of the international community completely changed.

As if foreseeing such a change, Ophelia announced that she would transform Britain into a full constitutional monarchy and introduce a republic.

In a word, it meant that only the name of the monarchy would remain, and everything was run by the people.

It was said that there would be more countries with such a fork with Britain, and that a new order would eventually be born in Europe.

In the midst of this, Ophelia took out a card called the Great Unity of Europe.

“Actually, our UK is still in a very difficult situation in the aftermath of the European War. He overthrew Northern England and restored the country, but there was no way to make up for the decline in national power caused by the war. However, if Europe were to be grouped into one economic bloc, the story would be different. I think we will definitely be able to take a good position in trade with Asia, which has been consistently running deficits unconditionally until now, creating a profit margin through a tight economic alliance like the Soviet Union.”

“Are you saying that our marriage is absolutely necessary for all of that to happen?”

“It is like that. If Easterfield becomes a betrothal with us, we will be able to move away from traditional finance and look for more innovative solutions.”

“It’s a groundbreaking way. For example, what are you talking about?”

“It is either to create an integrated stock market in Europe by supplementing the existing financial system, or to centralize finance by concentrating European finance, which has been concentrated in the UK, to Switzerland.”

If the Bank of England and Libor rate pressures are lifted and a completely new European financial order is captured, the situation will change not only in the UK but also in many European countries.

Even Eastern and Southern Europeans that have just gained independence.

Although Lee Hwan admired her big picture, he was not ready to make a decision.

“Such an alliance seems to be possible without the need for us to be engaged.”

“I thought the safest strategy was none other than our engagement, wasn’t it?”

“Well, you might think so. But now is the era of great unity. I don’t think it’s necessary to form an alliance until you marry a power outside the Federation. Besides, our relationship with the UK is already strong.”

The British still considered Easterfield a blood ally because Easterfield rescued Ophelia from Russia, and that was not enough, and completely destroyed Northern England and its allies.

In such a situation, it seemed that there was no need for Lee Hwan to even get married.

But Ophelia had a different idea.

“I think that an alliance that will not be broken even 100 years from now is only a blood relationship after all.”

“Actually, if you cross one foot in Europe, isn’t it enough that no one does not worship the same ancestors? Nevertheless, war broke out. In the end, it means there must be a stronger alliance system, hasn’t it already been hardened through the United Nations?”

“… … Does that mean we won’t get married in the end because we’re not Easterfield?”

“It’s not that the UK is already a strong ally of us, so we don’t have to.”

Ophelia had repeatedly asked her to marry her, but she seemed to be offended as a woman as she was rejected each time.

Even so, it was absurd to suddenly bring an outside force of the Federation into the room.

She admitted that she had been feeling bad for a while, but then smiled as if it had ever happened.

“good. If you think so, I have nothing more to say.”

“Thank you for your understanding. Then at the next meeting… … .”

“wait please. We will come with the qualifications to establish a blood relationship with you.”

“… … Yes?”

***

As the Easterfield royal family’s big marriage was announced, gold and land prices began to plummet in an instant.

The marginal line of safe assets, which had been barely maintained in the midst of war, was thrown off the bridle with the good news of big marriage.

If the Easterfield royal family was to have a wife in the world spanning the five oceans and six continents through polygamy, mediation could be expected at least when a war broke out.

In addition, Easterfield’s central stock market was rising day by day, as Lee Hwan’s big marriage could fill a kind of bond void that could not be filled by the United Nations alone.

Taken from noblemtl.net

Meanwhile, the Kingdom of Easterfield announced its intention to continue its fiscal austerity.

hum hum… … !

A huge crowd of foreign media gathered in front of the ‘ESB Tower’ in Southern California, where Easterfield’s Treasury Residence is located.

Among the affiliates of East Stellar Bank and Easterfield Federal Bank, the ESB was the de facto central bank as an institution in charge of issuing currencies.

ESB president Park Yu-gyeom stood on the podium with his top on.

“A heartfelt thank you to everyone who came to our Easterfield Federal Treasury despite their busy schedules. First of all, we, Easterfield Treasury, would like to convey the message that we are extending the scope of fiscal austerity to public corporations and the military.”

In an instant, the hands of the reporters began to move very quickly.

Ride on!

Along with the sound of rolling pencils, the occasional light noise of a mechanical typewriter filled the surroundings.

Taken from noblemtl.net

Meanwhile, Park Yoo-gyeom began to announce the austerity measures one after another.

“First, we are going to start austerity of East Stellar, a public company that has supported Easterfield so far. Eaststellar has been running nonstop for a single time under the goal of infinite expansion so far. Meanwhile, East Stellar has 185 subsidiaries and 1,259 grandchildren. Eaststellar will assess the financial condition of these public companies and begin major restructuring. Taking into account not only the cash flow, but also the company’s financial conditions and stock price fluctuations, we want to create a much stronger company than it is today.”

The sound of the reporters’ typewriters began to grow much faster than before.

Naturally, the standard for evaluating stock price movements around the world is because it leads to East Stellar.

East Stellar is a mega corporation that encompasses finance and industry, and they created and protected a federation called Easterfield.

It was natural that all stock markets around the world would shake if they carried out restructuring.

“President Park! So you’re saying that after Eaststellar’s austerity, there will be layoffs?!”

“You could end up with a layoff.”

“Huh!”

Whoops!

The hall became a bit noisy as the reporters were talking to each other.

He seemed to be worried about the ripple effect of Eaststellar’s restructuring.

But already the Treasury was ready.

“People who are laid off will be arranged for 100% re-employment. Our East Stellar Finance will support startups.”

“Are you starting a business?”

“Introducing a small and medium-sized business incentive subsidy system, East Stellar’s affiliates invest and create jobs through cooperative relationships with their grandchildren. Among the business sectors that have been monopolized by public corporations so far, those that are judged to be irrational are to be separated into SMEs to create more jobs.”

“Are you expecting the so-called trickle-down effect?”

“If the water pouring in to support the post-austerity Easterfield is an incentive fund, I would dare say that it is an expectation of a trickle-down effect.”

So far, Easterfield has been running towards full employment, and in fact there are no vagrants on the streets and no people who don’t have a job.

Everyone would have been surprised when it was said that Easterfield was the first to make the unemployed.

But Easterfield never disappoints either.

“In the future, job creation through the Soviet Union is also expected to be enormous. We are confident that we will be able to more actively advance small and medium-sized enterprises there, and furthermore, they will become mid-sized enterprises and nurture other small and medium-sized enterprises through the nourishment.”

“Um, so can we understand this restructuring as a bit of a redistribution rather than a real financial tightening?”

“You can think of it that way.”

The reporters quickly wrote down the parts that the public and investors were most curious about.

After a while, Park Yu-gyeom started explaining the second austerity plan to them.

“The second austerity is social welfare.”

“Social welfare?”

“Until now, the government has been taking full responsibility for the welfare of the people, but now I want to change that.”

“… … Are you going to give up your welfare?”