The Black Forest People had no intention of confidentiality, and the actions of the Frank Empire and the Iberia Kingdom quickly reached Hudson's ears.
The moment he saw the news, he was shocked. The nascent aristocratic capitalism was playing such a fierce game.
Although the technological level of the Continent's countries is generally similar, the actual productivity is vastly different.
The countries with more freemen see more developed industrial and commercial manufacturing, with higher government revenues.
Even small workshop-style production, once scaled, is more conducive to cost control.
In the presence of obvious disparities, asking someone to open their borders outright is something only a fool would agree to.
Bullying small countries aside, if big countries could be dealt with simply by loans, there would be no "military force to open borders" in the world.
Compared to war, the cost of loans is much lower.