Chapter 32, Each Has a Plan

The sudden debt crisis caught the Sultan Government off guard. Now that this debt had been transferred to Austrian hands, defaulting wasn't going to be so simple.

Honestly, Sultan Government needed money to repay the debt, and clearly, after losing the Balkan Peninsula, the Sultan's finances were done for.

Over 28 million Divine Shields equate to more than 14 million British Pounds, amounting to 102.48 tons of gold. If you add on the various late fees, this figure would only grow.

Without a doubt, even if it meant selling everything they had, the Sultan Government couldn't come up with such a huge sum of money right now.

Unless the Vienna Government would accept paper currency, not even England and France could lend them enough gold to fill such a hole.

Abdulmejid I said grimly, "The Austrians are trying to extort us, we absolutely cannot let their scheme succeed!"