Egelion

[Louis]

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As the Corte Concordia meeting approaches, the IDE is working on ensuring that all efforts towards cooperation and inter-state talks are finalized to avoid distracting form the highly expected meeting. To this extent, Royal Councilor Cascabel and High Councilor Formoselle met at the IDE Palace to discuss a pressing issue amongst policy experts in Altea. Royal Councilor Cascabel, leader of monetary and taxation policy as well as the Royal Treasury's functions, stated that Tel Bira's constant narrative to create a state of friction and distantness from Altea was "confusing". Since the conception of the Egelian Institute of Diplomacy (IDE), Tel Bira has maintained an embassy and regular relations with Egelion, leading to confusion within the Royal Council itself.

"When talking about banking, we do not understand what discrepancies may exist while operating in Majatra. Egelian banks have been extremely regulated and have had significant security systems installed since we witnessed issues ourselves decades ago. We have one of the most secure networks in Terra. We do believe that this effort by Tel Bira itself is to leverage the situation with Pontesi, leading to great fractures in their old alliance." Of course, we will continue operating from Majatra now with connections in Istalia, Deltaria, and Vanuku as well."

The Royal Councilor however did not dismiss Tel Bira's attempts at trying to meet in Altea to iron out any potential miscommunication Tel Bira itself sought out. Royal Councilor Cascabel sent a personal invitation to Tel Bira to reaffirm a positive relationship and a potential entry into the BIFI system. While Cascabel stated that there are ongoing negotiations regarding further integration with Majatra regarding Egelian institutions, it should not put strains on any negotiations with Tel Bira. "We are at a point where we have been well-integrated financially with every continent on Terra. It would make sense for us to preview opportunities to deepen that integration and use the BIFI to further expand our services."

Royal Councilor Cascabel stated that "Altea's halls are always open. Whether Tel Bira takes this opportunity to join us and reaffirm what we had is up to them. We have clearly hosted them for years. We frankly do not comprehend their newfound animosity considering our mostly stable relationship." A consortium of Egelion's largest banks have already begun to create teams to study the BIFI agreement and identify potential benefits to Egelion. The consortium, made up of Banco Ibarra, Cascabel-Otienda, and Santamer, have all stated that the potential decision to join BIFI would be to pursue financial cooperation and avoid discrepancy stories as the one fabricated by Tel Bira.

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