My Italy

Chapter 179 Rome Bank Scandal

Carlo is still satisfied with the Army's new generation standard rifle. Although it is not as good as several later rifles, considering the age, this gun can still be used for more than ten years.

Of course, it would be a bit excessive to use this rifle for half a century like in the previous life. Of course, we’ll talk about the future later. The most important thing right now is the issue of production.

Of course, as for the production of this gun, Carlo made everyone in the Army ecstatic as soon as he opened his mouth. The production of 350,000 guns in two years almost changed the Army. This made the military leaders think that the method worked.

But only Carlo himself knew that this was to improve the combat effectiveness of the Italian Army.

After returning to the palace from the Bourque Experimental Site, Carlo began to devote himself to busy work. After all, he had been away for more than half a month and had accumulated a lot of work. Not to mention some technologies purchased from Germany, which need to be absorbed by Italian factories.

But it seemed that God just didn't want to do what he wanted. A few days later, a piece of news made Carlo unable to sit still.

The news came from the banking industry, as the president of the Bank of Rome, Tanellogia, withdrew 37.4 million lire from the Bank of Rome with double the interest payment. What he did was discovered by a member of Parliament. When this member of Parliament went to the Bank of Rome to do business, he accidentally saw the president and asked his friend to leave with a box full of banknotes. So after the congressman stopped it, the case was exposed. (This is true and shows the extent of Mr. Taneroja’s audacity.)

Such a huge amount made Carlo furious.

"What to do with Taneroja and his friends?"

In the office, Carlo looked at the Prime Minister in front of him and asked the Prime Minister how to deal with it.

Facing the angry Carlo's question, Depretis, as the Prime Minister, hesitated and said repeatedly. "Your Majesty, be careful when dealing with Taneroja."

"Why?"

Carlo was a little surprised by the Prime Minister's answer. Because logically, shouldn't this matter be dealt with seriously? Are there any other officials who dare to cover up the president of the Bank of Rome at this time?

Seeing Carlo with a surprised look on his face, Prime Minister Despretis decided to tell the whole story after thinking for a while.

It was during the Prime Minister's explanation that Carlo understood why this case should be treated with caution. Because the handling of Tanellogia is not just a matter of corruption. If this matter is exposed, everyone in the Italian banking industry will be implicated. The public will definitely not think that this is just a problem committed by the president of the Bank of Rome, and will demand a thorough investigation of the entire banking industry.

And this is the most terrible thing, because the current Italian banking industry cannot withstand thorough investigation, which involves a big landmine currently placed under the Italian government, the over-issuance of currency.

In fact, in addition to borrowing debt, the Italian government also asked banks to secretly overissue currency to relieve its financial pressure.

In addition, the withdrawal of French capital from Italian banks also plays a major factor. After relations between the two countries soured, the French withdrew their capital. This forced the Bank of Italy to find ways to issue more currency in order to avoid bankruptcy.

So the combination of several factors resulted in banks over-issuing a lot of currency.

According to estimates by the Prime Minister and the Ministry of Finance, these overissued currencies currently amount to 3.14 billion lire. If this mine is exploded, the situation we will face will be that Italy's national finances will soon go bankrupt.

Therefore, dealing with the greedy President Tanelloggia is not the key, but how to maintain the credibility of the Italian currency. You must know that it is very easy to destroy currency credit, just keep issuing currency, but it is extremely difficult to establish currency credit.

At present, the Italian fiscal revenue is only more than 1.4 billion lire a year, and this extra currency is more than the Italian fiscal revenue in two years.

Faced with the Prime Minister's words, Carlo fell silent. He is no longer a fool. Years of handling government affairs have taught him how difficult it is to maintain Italy's development. This thunder can not only destroy his previous achievements, but also destroy Italy's domestic development. It was a drag for seven or eight years.

With such serious consequences, even Carlo, as a king, would not dare to take action easily. We can only find a way to slowly and carefully dismantle this landmine buried under Italy.

"Then what good solutions does your government have?"

Carlo asked this sentence, which meant that he bowed to reality. Because it is impossible not to bow down. In this era of chasing each other, the Italian economy, which has just started to pick up, is like a bud and cannot withstand any wind and rain, let alone a financial crisis like this.

Carlo's opening made the Prime Minister breathe a sigh of relief. He was most afraid of the young king. No matter what he did, the only consequence would be that he and the cabinet would resign. Because the blame will only fall on himself and his cabinet ministers, and of course the more important Italian economy will suffer a heavy blow.

"According to the government's idea, let the president of Taneroja cough up the money and then leave for physical reasons."

After hearing the Prime Minister's words, Carlo became somewhat silent. "that's it?"

"This is the only way to do it. I have asked the congressman to stop promoting Tanelloja's affairs. We cannot act rashly now. This will be a disaster."

Carlo was a little dissatisfied with the Prime Minister's words. "We need to strengthen financial regulation and let those banks know that the government is watching them."

"But this is the focus we need to do in the future, but this matter must be suppressed now."

Of course he knew what Prime Minister Depretis meant. If the dam is leaking, the gap needs to be plugged first. The issues of strengthening the dam and holding those responsible can be dealt with later. The primary purpose must be clear.

"Then just follow the government's approach and do it."

After Carlo replied, he sat in his chair and fell into deep thought.

In this situation, the prime minister also knew that the king was not feeling well, and he was actually not feeling well either. "Your Majesty, I take my leave."

"Wait a minute."

Regarding the king's sudden call to him, Prime Minister Despretis turned around and asked. "Your Majesty, is there anything else?"

Carlo said with a serious face, "This matter must not be exposed."

"I see."

Despretis said this, then thought about it and continued. "If exposed, I will resign with the cabinet."

After the Prime Minister left, Carlo called the chief chamberlain. "Send a message and ask Nightingale to come."

"As you command, Your Majesty."

Although the government did not dare to deal with the president of the Bank of Rome because of concerns about financial problems, Carlo could only use some small means.

An hour later, in a secret room in the palace, Carlo spoke to an ordinary-looking man. "Mr. Taneroja, the president of Roman Bank, I heard that his health is very bad. Can he last until a year?"

"Your Majesty, he probably won't be able to survive. I heard that he likes to fish at the beach. The sea is very dangerous."

Carlo was very satisfied with this answer and nodded. "Go ahead."

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