Faced with the joint onslaught of Anglo-Austrian capital, the French government did not surrender. Napoleon IV exhibited a side that was willing to take responsibility.
First, he called for domestic enterprises to withdraw their investments from abroad and increased foreign exchange reserves by buying francs on the international market.
He then issued an administrative order strictly prohibiting domestic banks from lending francs to international speculative capital and personally met with several domestic finance groups.
No one knew exactly what was discussed, but after being summoned by the Emperor, the figures in the French financial world became much more disciplined.
Quite a few people symbolically pitched in funds to join the resistance.
By this time, it was already too late. The attacking side had already stockpiled a large amount of francs, and even if the domestic finance groups were being watched, it was of no use.
