Chapter 176: French Industrial Development Fund
"Oh? They sure know how to exploit the government's weaknesses," a cold light flashed in Joseph's eyes.
After serving as the assistant to the Finance Minister, he had gained a clear understanding of France's financial situation. A significant portion of the money borrowed by the government came from wealthy nobles, accounting for more than twenty percent. If one also considered the money nobles deposited in banks and the state bonds they purchased, they were arguably the largest group of creditors to the government's debts.
That is to say, if the nobles were to stop providing funds to the government, the national finances would quickly become unsustainable. Historically, these characters had instigated the "Anti-Tax Alliance," using tax resistance to blackmail the Royal Family, and ultimately they succeeded.
No wonder Brian came hurrying to Paris to find himself; he truly feared the nobles would come to blows with the government.