Thread: Ordo ab chao
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Old 14-10-2014, 02:23 PM   #38
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Talking Banker's Laughter

The Fast Show - Scorchio!!!

Goodness Grief the Bankers must be splitting their sides with Laughter...

Spanish public debt tops €1 trillion-mark..

Published: 14 Aug 2014 16:07 GMT+02:00-Updated: 14 Aug 2014 16:07 GMT+02:00

Spain's public debt has topped €1 trillion ($1.3 trillion) for the first time, the central bank announced on Thursday, despite years of government-imposed austerity..

The nation's accumulated public debt mushroomed to €1.007 trillion at the end of June from €996 billion a month earlier, the Bank of Spain said in a report...

Prime Minister Mariano Rajoy's government has struggled to contain annual deficits by raising taxes, freezing public salaries and curbing spending on services such as education and health care despite angry street protests.

Though the annual deficits are on the decline, they continue to push up the sovereign debt of the eurozone's 4th-largest economy.. The public debt figure includes the cost of a €41 billion banking rescue in 2012 financed by Spain's eurozone partners..

You could wrap $1 bills around the Earth 4,249 times with the debt amount!

If you lay $1 bills on top of each other they would make a pile 119,211 km, or 74,074 miles high!

That's equivalent to 0.31 trips to the Moon!...

In 1934, the Second Spanish Republic issued its first coins in the denomination of 25 and 50 céntimos and 1 peseta. The 25 céntimos and silver 1 peseta were the same size and composition as the earlier Royal issues, whilst the 50 céntimos was struck in copper. In 1937 a 5 céntimos was struck in iron and a new 1 peseta in brass.. An iron 10 céntimos coin was also produced in 1938 but never issued into circulation, unknown whether due to its close resemblance to the 5 céntimos or because the government of issue fell before it could be released.. All of these replaced symbols and images related to the monarchy. The brass 1 peseta was sometimes nicknamed "La Rubia" (the blonde), as it issued a woman's face in a golden-colored alloy...

Last edited by lightgiver; 14-10-2014 at 02:27 PM.
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