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Changing balance of power in Europe

Although on the winning side in the Crimean War, the Ottoman Empire continued to decline in power and prestige. The financial strain on the treasury forced the Ottoman government to take a series of foreign loans at such steep interest rates that, despite all the fiscal reforms that followed, pushed it into unpayable debts and economic difficulties. This was further aggravated by the need to accommodate more than 600,000 Muslim Circassians, expelled by the Russians from the Caucasus, to the Black Sea ports of north Anatolia and the Balkan ports of Constanța and Varna, which cost a great deal in money and in civil disorder to the Ottoman authorities.