Greece’s Roman Road

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While everyone was chatting eagerly about the Greek national debt, a man with a protruding belly and a rich face walked into the restaurant. Judging from his Mediterranean hairstyle and gray hair on his temples, he was about fifty years old. age.

Miris was lying on the counter, resting his head on one hand, lazily teasing Little John who was eating.

Seeing the middle-aged man who came in, the lazy Miris shuddered and straightened his body. He walked out from behind the counter to greet him, and respectfully asked, "Mayor Delianis, welcome."

The other diners also stopped talking and looked at Delianis.

After Delianis nodded to everyone, he said to Miris, "Give me a mashed potato and a glass of wine too, thank you."

While Miris went to the back kitchen to pick up the meal, the mayor of Delianis turned to everyone in the store and said, "Everyone should know the news. Due to the lack of finances, the Greek government is at an unprecedented disadvantage in the border confrontation with the Bulgarians. status"

"If the Greek army really loses the war due to lack of military spending, it will be a disaster for us people. The efforts of the Greek people for nearly 30 years will be in vain and go to waste."

"Believe me, gentlemen and madams, you absolutely do not want to be citizens of a shameful defeated country. The fate of the country and the nation is closely related to the fate of each of us."

"Greece, a troubled country, needs the help of every Greek at this time"

After that, he took out two securities from his jacket pocket, waved them to everyone, and showed them to everyone: "This is the government bond that is being issued. Every Greek with a strong patriotism, act and buy bonds, support the army"

The Venizelos cabinet government has privately informed public officials and set an example by encouraging the public to buy government bonds issued by the Greek government.

Priority will be given to promotions for those civil servants who are active and effective.

And those public officials who passively shirk on the issue of treasury bonds, if they behave badly, can be directly fired from public office.

The top government officials unceremoniously passed down the heavy financial pressure they had endured for a long time.

The middle-aged man Larry asked, "Mayor, what is a national debt, can you explain it to us clearly, a security like a stock?"

Hearing someone asked, Delianis said attentively: "National debt, that is, the government has lent you a debt that will give you 5% interest every year. After the maturity, it will repay all your principal, which is not the same as stocks. It's the same thing, of course, the government-issued treasury bonds, if the holders of the treasury bonds are in urgent need of money, they can also sell the treasury bonds on the stock exchange and exchange them for cash."

"You can rest assured that this is a bond issued by the government with its own credit. Only in the event of a failure of the war, the government may default on its debt. Of course, as a patriot, compared with the risk of not being able to cash in on the national debt purchased by oneself. , I would rather the government beat the Bulgarians"

"But as far as I know, the minimum face value of government bonds issued by the government is 1,000 drachmas. Ordinary people can't afford it. Even if we want to buy government bonds and support the Greek army, we simply can't come up with such a large sum of money. Money," Larry said helplessly.

Delianis handed a national bond in his hand to Laris, and said: "The national debt issued by the government has been adjusted in denomination. The smallest denomination is only 10 drachmas. Most Greeks can afford it. Don't worry at all"

"Citizens, the Greek government, which is now in trouble, needs the help of every Greek"

"If you are interested in buying government bonds, you can go to the three major bank branches in the town, and there will be staff to help you."

Obviously, Delianis' words full of patriotism have a strong appeal to the people present.

In addition, in recent years, after each victory in war, Greece's international status has been significantly improved, greatly enhancing the national self-esteem of the Greek people.

Greece's military expansion has provided sufficient barriers and assistance for economic development, and the two complement each other.

Therefore, the Greek people obviously have a strong identity and trust in the current government.

In recent years, Greece's economic development has been smooth. Although the heavy industry is limited by Greece's resource endowment, the development is slow, but the light industry has benefited from Greece's comprehensive promotion of the use of alternating current throughout the country, and it has developed smoothly.

Heavy industry can make a country strong, but light industry can make people's pockets swollen.

Therefore, although the people of Greece cannot afford to buy large-value government bonds, they are not poor.

On the contrary, most people in Greece benefit from a booming economy, and every household has a small savings.

Even though it is the twentieth century, only a small fraction of the population in Greece owns deposits in banks and less than one percent owns stocks.

Obviously, the public has absolutely no trust in financial institutions.

People are full of doubts about handing over money to a group of strangers to manage.

According to what Constantine learned from the bank, a considerable number of Greeks hid cash under mattresses and were especially keen on precious metal currencies.

"Oh I see"

"This way we can also buy some treasury bonds to help the government through this difficult time."

Miris, who came out of the back kitchen with a dinner plate, put the food on the table, lowered his body and asked the mayor in a low voice, "Delianis, I'm going to give my son enough money to buy Macedonian land with To buy government bonds, is the yield really that much like 5%?"

Miris' youngest son is already 16 years old and has graduated from middle school. His main property will be inherited by the eldest son, so he accumulated a sum of money for the youngest son early as the initial capital to go out sooner or later to find a career for the youngest son.

Originally, Miris' plan was to use the money to buy a piece of wasteland in Macedonia for his younger son, which could be regarded as an explanation for his younger son.

Now I hear my old friend Delianis talking about the national debt~www.wuxiax.com~ obviously a little moved.

First, the yield of national debt is good, and the annual interest of 5% is quite impressive in this era when the currency is mainly gold and silver, and inflation is almost negligible.

Second, it naturally helps the government to ease the financial crisis.

･･･

The scene in front of me was staged in various cities in Greece, Durrës, Thessaloniki, Larissa, Ioannina, Vlora, Ferry, all cities in Greece.

Constantine's so-called new strategy for issuing government bonds mainly includes two points: the first is to reduce the denomination of government bonds.

Originally, there were only 1,000 drachma national debt. After adjustment, in addition to the 1,000 drachma denomination national debt, there are 100 drachma or even 10 drachma.

So that every Greek can afford it.

The second is to stimulate the patriotic sentiment of the Greek people and encourage them to buy government bonds through the means of public opinion.

Therefore, the way of raising the national debt this time, Constantine's method is to link the purchase of national debt with patriotism, so as to fully arouse the emotions of the people.

This is also the strategy that Constantine thought of when he was hit by the American Civil War, the way the northern federal government issued national debt.

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