Hungary and Poland after the color revolutions, although they were freed from the political guidance of the Soviet Union, and at the same time lost the economic assistance of the Soviet Union to these two countries, and the Americans were not more generous than the Soviet Union.
Faced with huge foreign debts and collapsing domestic markets, both countries desperately need new saviors to help them get out of their predicament and steer their economies back on the right track.
Poland's economy, the first country to accept a takeover by the Bank of Colombia, has begun to show results, but Hungary, because it does not have a developed industry of its own, is in a much worse situation than Poland.
In addition, although Czechoslovakia had a developed industry, because of its landlocked location and lack of a sales country for its products, it also had a hard time after the color revolution, especially in the relatively backward Slovak region, and the situation was even worse than Hungary.
In this case, huddling together for warmth is a wise path.
So since the signing of the agreement with Hungary to manage the central government, Mikhail has been lobbying the two countries to establish a unified market.
Hungary is a traditional agricultural country, its own industry is not developed, except for agricultural products, wine, bauxite, basically there are no distinctive economic highlights, plus Hungary is a landlocked country, which makes Hungary's exports more difficult.
On the other hand, although Poland's industry is not very developed, it is much more complete than Hungary, in addition, Poland also has a famous port in the Baltic Sea, the port of Gdansk, which makes it much easier for Poland to export products than Hungary and Czechoslovakia.
In this situation, Mikhail began to sell the proposal of a unified market to Poland, Hungary and Czechoslovakia, in accordance with Seryosha's instructions.
To put it simply, with the United States and the Soviet Union abandoning these three countries, the markets of the three countries are connected as a whole, learning from each other's strengths and weaknesses, and jointly resisting debt and economic downside risks.
This will not only expand the voice of the three countries in world trade, but more importantly, the markets formed by the three countries will be more stable and can play a role in self-sufficiency to a certain extent.
As a result of Mikhail's repeated lobbying, the Hungarian and Polish governments finally agreed to sit together and meet on the issue of the unified market, with the Czech Republic and Slovakia each sending their own representatives as observers to participate in the plan for the unified market.
The venue for the negotiations was arranged in Budapest, the capital of Hungary, and in order to avoid unnecessary trouble before an agreement was reached, none of the four parties involved in the negotiations disclosed any information to the outside world.
Lech Walesa visited Hungary under other pretexts and held meetings with Hungarian newly elected President Genz Albad, among others.
Whether it was Hungary, Poland, or Czechoslovakia, they recognized that a unified market would bring substantial benefits to all countries when Mikhail's plan was first proposed.
However, there are still certain differences between countries on some issues.
Because according to the Bank of Colombia, one of the major prerequisites for a unified market is that everyone should reduce tariffs to zero, and also use a unified currency.
There is no precedent for such a plan in history, and although the central banks of Hungary and Poland have already been in the hands of the Bank of Colombia, and the power to issue notes has long been controlled by the Bank of Colombia, it is crazy to adapt two independent sovereign states to the same currency.
"Honorable President Arbad, Prime Minister Walesa, and representatives from Czechoslovakia, when it comes to a unified currency, although it has such and such shortcomings, but the benefits are obvious, it can turn our three countries into a unified market, if we estimate according to our current GD, it is basically about the same as Austria, I don't think I need to tremble anything, you also know that if this plan is successfully implemented, our GD will definitely not be just the sum of the existing GD of the three countries.
The decision we make here today will benefit 60 million people in the three countries," Mikhail Mai said with anticipation.
Arbad and Walesa heard Mikhail's words, and couldn't help nodding frequently, the two countries' economies are complementary, and once the currency is unified, Hungary will not have to spend a lot of precious foreign exchange to import some cars and mechanical and electrical products that Poland can produce, and Poland can also directly use its own currency to buy agricultural products produced in Hungary.
But Czechoslovakia, sandwiched between the two countries, had not yet nod, so the opinion of the representatives of Czechoslovakia was crucial for the plan of the unified market.
Mikhail saw that the Czechoslovak side could not give a positive answer, so he took the initiative to speak: "I know that among us, Czechoslovakia does have a unique point in terms of the level of industrial development.
However, in the Slovak region, the market environment is similar to that of Hungary.
In the developed Czech Republic, although the Škoda factory is very good, we all know that the reunification of Germany will be inevitable, and Germany's strong industrial strength will definitely use our countries as a dumping ground for products, and at that time, I don't think that Czech industry can withstand the impact from Germany.
Czechoslovakia needed markets like Poland and Hungary, and once we were using one currency, then no matter how much competition we had, German products would never be a match for the Czechs under the influence of tariffs and exchange rates."
During the talks in Budapest, the representatives of the three countries finally unanimously approved the plan of the Bank of Colombia after several rounds of confrontation.
Under the plan, the central banks of Poland and Hungary would be merged into one central bank, managed by the Bank of Colombia, and the Czechoslovak region would then join the unified market plan, which would automatically reduce tariffs between the three countries to zero.
The new central bank will be responsible for the issuance of currencies in the three countries.
Mikhail is optimistic that more Eastern European countries may join our unified market plan in the future, so he suggested that the newly established central bank should be called the Central Bank of Eastern Europe, and as for the newly issued unified currency, it should be called the Eastern Euro.
The reverse side of the Eastern Euro adopts a uniform ticket style, while the front side is designed by each country at its own responsibility.
Just the day after the signing of the agreement on the One Market in Eastern Europe, the three governments simultaneously announced this to the world.
Neither Western Europe, nor North America, nor the developed countries of East Asia could have imagined that an unprecedented unified market would be formed in the declining Eastern Europe. t1706231537: