With the Prussia-Germany deal completed, the Russo-Polish War also came to a temporary close. Under the coordination of Britain, France, and Austria, a ceasefire treaty was signed.
It merely stipulated a cessation of hostilities and did not require the Russians to withdraw. As for the territorial question between Russia and Poland, the international community offered no clear resolution.
The nail had been driven in, deepening the hatred between Russia and Poland by another degree. Driven by that hatred, Prussia and Poland moved another step closer together.
The Berlin Government had achieved its goal. Although it had lost the Rhineland, after annexing the Kingdom of Poland, the Kingdom of Prussia had strategically reversed its unfavorable position.
Only by drawing back its fist could it strike with greater force. For the Berlin Government, its greatest problem now was not Poland's debt crisis, but resettling the migrants.
Poland had only recently been restored and had not yet had time to establish any credibility. Due to its geographical position, the newborn Kingdom of Poland faced military threats from Russia and could collapse at any moment. Investors simply had no faith in it.
Under such circumstances, it was not easy for the Polish Government to borrow foreign loans. Even Britain and France, which supported them, could not simply throw money into the sea.
Thus, most of the Polish Government's debt was domestic. The foreign portion consisted mainly of political loans extended by European countries at the beginning of Poland's restoration in order to strike at Russia, totaling more than twenty million Pound Sterling, one-third of which was owed to Prussia.
Its domestic debt was even harder to sort out. Affected by the fiscal crisis, the Polish Government had repeatedly devalued its currency, relying on increased money issuance to weather its financial troubles.
The aftermath was