derek-thomas/squad-v1.1-t5-question-generation huggingface dataset:
In contrast to the Fed, the ECB normally does not buy bonds outright. The normal procedure used by the ECB for manipulating the money supply has been via the so-called refinancing facilities. In these facilities, bonds are not purchased but used in reverse transactions: repurchase agreements, or collateralised loans. These two transactions are similar, i.e. bonds are used as collaterals for loans, the difference being of legal nature. In the repos the ownership of the collateral changes to the ECB until the loan is repaid.

Question: Who buys the bonds instead of using them in reverse transactions? Question: Since the ECB doesn't buy bonds outright, how are they used? Question: What is the manner in which bonds are used at refinancing facilities? Question: Who retains ownership of the collateral until the debt is paid?
This changed with the recent sovereign-debt crisis. The ECB always could, and through the late summer of 2011 did, purchase bonds issued by the weaker states even though it assumes, in doing so, the risk of a deteriorating balance sheet. ECB buying focused primarily on Spanish and Italian debt. Certain techniques can minimise the impact. Purchases of Italian bonds by the central bank, for example, were intended to dampen international speculation and strengthen portfolios in the private sector and also the central bank.

Question: What risk is assumed when the ECB purchases bonds from weaker states? Question: What debt did the ECB focus on abtaining? Question: What was something used to minimize the impact of the soverign-debt crisis? Question: Why were italian bonds purchased by the ECB?
On the other hand, certain financial techniques can reduce the impact of such purchases on the currency. One is sterilisation, in which highly valued assets are sold at the same time that the weaker assets are purchased, which keeps the money supply neutral. Another technique is simply to accept the bad assets as long-term collateral (as opposed to short-term repo swaps) to be held until their market value stabilises. This would imply, as a quid pro quo, adjustments in taxation and expenditure in the economies of the weaker states to improve the perceived value of the assets.

Question: How does sterilisation help to keep the money flow even? Question: What can a state do with bad assets, rather than cashing them in directly? Question: How can weaker states improve the surface value of their assets?
As of 18 June 2012, the ECB in total had spent €212.1bn (equal to 2.2% of the Eurozone GDP) for bond purchases covering outright debt, as part of its Securities Markets Programme (SMP) running since May 2010. On 6 September 2012, the ECB announced a new plan for buying bonds from eurozone countries. The duration of the previous SMP was temporary, while the Outright Monetary Transactions (OMT) programme has no ex-ante time or size limit. On 4 September 2014, the bank went further by announcing it would buy bonds and other debt instruments primarily from banks in a bid to boost the availability of credit for businesses.

Question: By 2012, how much did the ECB spend in covering bad debt? Question: When was the new idea for the purchasing of eurozone bonds announced? Question: How long was the duration of the Securities Markets Programme to last? Question: How does the ECB plan to increase the available credit for businesses? Question: What is the duration of the Outright Monetary Transactions program?
Rescue operations involving sovereign debt have included temporarily moving bad or weak assets off the balance sheets of the weak member banks into the balance sheets of the European Central Bank. Such action is viewed as monetisation and can be seen as an inflationary threat, whereby the strong member countries of the ECB shoulder the burden of monetary expansion (and potential inflation) to save the weak member countries. Most central banks prefer to move weak assets off their balance sheets with some kind of agreement as to how the debt will continue to be serviced. This preference has typically led the ECB to argue that the weaker member countries must:

Question: What can be shuffeled around during a soverign debt crisis to mitigate the damage? Question: Where do bad and weak assets get moved in times of soverign debt crisis? Question: What is shuffling around bad or weak debts from a weaker eurozone member to the ECB known as? Question: What is monetisation usually viewed as? Question: If the central banks can come to an agreement with the eurozone member about the continued repayment of the debt, what happens to the bad or weak debt?
The European Central Bank had stepped up the buying of member nations debt. In response to the crisis of 2010, some proposals have surfaced for a collective European bond issue that would allow the central bank to purchase a European version of US Treasury bills. To make European sovereign debt assets more similar to a US Treasury, a collective guarantee of the member states' solvency would be necessary.[b] But the German government has resisted this proposal, and other analyses indicate that "the sickness of the euro" is due to the linkage between sovereign debt and failing national banking systems. If the European central bank were to deal directly with failing banking systems sovereign debt would not look as leveraged relative to national income in the financially weaker member states.

Question: Who began to increase their coverage of weaker debts? Question: Why did propsals about making the European sovereign debt assets more like the US Treasury? Question: What would have to happen to make European sovereign debt assets more like what is found in the U.S. Treasury? Question: Which country has been resistant to attempts to make the soverign debt assets more like the U.S. Treasury? Question: What is being caused by links between soverign debt and failing national banks?
The bank must also co-operate within the EU and internationally with third bodies and entities. Finally, it contributes to maintaining a stable financial system and monitoring the banking sector. The latter can be seen, for example, in the bank's intervention during the subprime mortgage crisis when it loaned billions of euros to banks to stabilise the financial system. In December 2007, the ECB decided in conjunction with the Federal Reserve System under a programme called Term auction facility to improve dollar liquidity in the eurozone and to stabilise the money market.

Question: Besides cooperating with other financial institutions, how does the ECB help to maintain stability? Question: What did the ECB do to help stabilise the financial system during the subprime mortgage crisis? Question: Why did the ECB intervene during the subprime mortgage crisis? Question: When did the ECB and Federal Rserve decide to collaborate on Term auction facility? Question: Who decided, along with the ECB, to use Term auction to help stabilize the financial crisis and improve dollar liquidity?
In central banking, the privileged status of the central bank is that it can make as much money as it deems needed. In the United States Federal Reserve Bank, the Federal Reserve buys assets: typically, bonds issued by the Federal government. There is no limit on the bonds that it can buy and one of the tools at its disposal in a financial crisis is to take such extraordinary measures as the purchase of large amounts of assets such as commercial paper. The purpose of such operations is to ensure that adequate liquidity is available for functioning of the financial system.

Question: What is a perk of the central bank? Question: What kinds of assets does the US Federal Reserve buy? Question: What kind of asset will the Federal Reserve purchase in mass quantities at a time of crisis? Question: What is the purpose of buying commercial paper in a time of financial crisis?
Think-tanks such as the World Pensions Council have also argued that European legislators have pushed somewhat dogmatically for the adoption of the Basel II recommendations, adopted in 2005, transposed in European Union law through the Capital Requirements Directive (CRD), effective since 2008. In essence, they forced European banks, and, more importantly, the European Central Bank itself e.g. when gauging the solvency of financial institutions, to rely more than ever on standardised assessments of credit risk marketed by two non-European private agencies: Moody's and S&P.

Question: What said that agencies had to start using Moody's and S&P to assess financial institutions? Question: When was Basel II adopted? Question: Since when have the Basel II recommendations been in effect? Question: Which agencies have became the authority on assessing the risk of financial institutions?
The bank is based in Frankfurt, the largest financial centre in the Eurozone. Its location in the city is fixed by the Amsterdam Treaty. The bank moved to new purpose-built headquarters in 2014 which were designed a Vienna-based architectural office named Coop Himmelbau. The building is approximately 180 metres (591 ft) tall and will be accompanied with other secondary buildings on a landscaped site on the site of the former wholesale market in the eastern part of Frankfurt am Main. The main construction began in October 2008, and it was expected that the building will become an architectural symbol for Europe. While it was designed to accommodate double the number of staff who operate in the former Eurotower, that building has been retained since the ECB took responsibility for banking supervision and more space was hence required.

Question: Where is the European Central bank located? Question: What decided where the bank was to be located? Question: When did the bank move to it's new headquarters? Question: What previously stood where the bank is now? Question: When did construction of the new bank begin?
On 21 December 2011 the bank instituted a programme of making low-interest loans with a term of three years (36 months) and 1% interest to European banks accepting loans from the portfolio of the banks as collateral. Loans totalling €489.2 bn (US$640 bn) were announced. The loans were not offered to European states, but government securities issued by European states would be acceptable collateral as would mortgage-backed securities and other commercial paper that can be demonstrated to be secure. The programme was announced on 8 December 2011 but observers were surprised by the volume of the loans made when it was implemented. Under its LTRO it loaned €489bn to 523 banks for an exceptionally long period of three years at a rate of just one percent. The by far biggest amount of €325bn was tapped by banks in Greece, Ireland, Italy and Spain. This way the ECB tried to make sure that banks have enough cash to pay off €200bn of their own maturing debts in the first three months of 2012, and at the same time keep operating and loaning to businesses so that a credit crunch does not choke off economic growth. It also hoped that banks would use some of the money to buy government bonds, effectively easing the debt crisis.

Question: After the loan program was announced, which countries borrowed the most? Question: How much does the ECB have to have to pay off it's own debts? Question: How do you prevent a credit bottleneck? Question: What would happen if some of the banks were to begin buying govenrment bonds?
The ECB's first supplementary longer-term refinancing operation (LTRO) with a six-month maturity was announced March 2008. Previously the longest tender offered was three months. It announced two 3-month and one 6-month full allotment of Long Term Refinancing Operations (LTROs). The first tender was settled 3 April, and was more than four times oversubscribed. The €25 billion auction drew bids amounting to €103.1 billion, from 177 banks. Another six-month tender was allotted on 9 July, again to the amount of €25 billion. The first 12-month LTRO in June 2009 had close to 1100 bidders.

Question: What is an LTRO? Question: How long was the time to maturity on an LTRO? Question: When were the first supplemental LTRO's offered? Question: How long had the time to maturity been previously? Question: How many bids were recorded at the auction for the first 12 month LRTO?
St. John's (/ˌseɪntˈdʒɒnz/, local /ˌseɪntˈdʒɑːnz/) is the capital and largest city in Newfoundland and Labrador, Canada. St. John's was incorporated as a city in 1888, yet is considered by some to be the oldest English-founded city in North America. It is located on the eastern tip of the Avalon Peninsula on the island of Newfoundland. With a population of 214,285 as of July 1, 2015, the St. John's Metropolitan Area is the second largest Census Metropolitan Area (CMA) in Atlantic Canada after Halifax and the 20th largest metropolitan area in Canada. It is one of the world's top ten oceanside destinations, according to National Geographic Magazine. Its name has been attributed to the feast day of John the Baptist, when John Cabot was believed to have sailed into the harbour in 1497, and also to a Basque fishing town with the same name.

Question: What city is ranked 20th in largest metropolitan area for Canada? Question: In what country is St. John's located? Question: Where on the Avalon Peninsula is St. John's located? Question: What is the name of the island that St. John's is located? Question: In what year did St. John's have a population of 214,285?
St. John's is one of the oldest settlements in North America, with year-round settlement beginning sometime after 1630 and seasonal habitation long before that. It is not, however, the oldest surviving English settlement in North America or Canada, having been preceded by the Cuper's Cove colony at Cupids, founded in 1610, and the Bristol's Hope colony at Harbour Grace, founded in 1618. In fact, although English fishermen had begun setting up seasonal camps in Newfoundland in the 16th Century, they were expressly forbidden by the British government, at the urging of the West Country fishing industry, from establishing permanent settlements along the English controlled coast, hence the town of St. John's was not established as a permanent community until after the 1630s at the earliest. Other permanent English settlements in the Americas that predate St. John's include: St. George's, Bermuda (1612) and Jamestown, Virginia (1607).

Question: Which city is considered one of the oldest settlements in North America? Question: Around what year did settlement begin to occur in St. John's? Question: When was Cuper's Cove colony founded? Question: What year was Bristol's Hope colony founded? Question: Who forbade the  english fisherman to setup seasonal camps in Newfoundland?
Sebastian Cabot declares in a handwritten Latin text in his original 1545 map, that the St. John's earned its name when he and his father, the Venetian explorer John Cabot became the first Europeans to sail into the harbour, in the morning of 24 June 1494 (against British and French historians stating 1497), the feast day of Saint John the Baptist. However, the exact locations of Cabot's landfalls are disputed. A series of expeditions to St. John's by Portuguese from the Azores took place in the early 16th century, and by 1540 French, Spanish and Portuguese ships crossed the Atlantic annually to fish the waters off the Avalon Peninsula. In the Basque Country, it is a common belief that the name of St. John's was given by Basque fishermen because the bay of St. John's is very similar to the Bay of Pasaia in the Basque Country, where one of the fishing towns is also called St. John (in Spanish, San Juan, and in Basque, Donibane).

Question: What was John Cabot's sons first name? Question: In what language did Sebastian Cabot write his map from 1545? Question: What was the occupation of John Cabot? Question: Where did the French, Spanish and Portuguese start to travel to fish yearly in 1540? Question: Where is the Bay of Pasaia located?
The earliest record of the location appears as São João on a Portuguese map by Pedro Reinel in 1519. When John Rut visited St. John's in 1527 he found Norman, Breton and Portuguese ships in the harbour. On 3 August 1527, Rut wrote a letter to King Henry on the findings of his voyage to North America; this was the first known letter sent from North America. St. Jehan is shown on Nicholas Desliens' world map of 1541 and San Joham is found in João Freire's Atlas of 1546. It was during this time that Water Street was first developed, making it the oldest street in North America.[dubious – discuss]

Question: Who sent the first known letter from North America? Question: What year did John Rut visit St. John's? Question: What three countries ships did John Rut find in 1527? Question: Who did John Rut write a letter to in 1527?
By 1620, the fishermen of England's West Country controlled most of Newfoundland's east coast. In 1627, William Payne, called St. John's "the principal prime and chief lot in all the whole country". The population grew slowly in the 17th century and St. John's was the largest settlement in Newfoundland when English naval officers began to take censuses around 1675. The population would grow in the summers with the arrival of migratory fishermen. In 1680, fishing ships (mostly from South Devon) set up fishing rooms at St. John's, bringing hundreds of Irish men into the port to operate inshore fishing boats.

Question: Who controlled most of Newfoundland's east coast by 1620? Question: Who referred St. John's as St. "the principal prime and chief lot in all the whole country" ? Question: When did censuses start being conducted in St. John's? Question: What grew during the summers in St. John's? Question: When did Irish men begin to operate inshore fishing boats in St. John's?
The town's first significant defences were likely erected due to commercial interests, following the temporary seizure of St. John's by the Dutch admiral Michiel de Ruyter in June 1665. The inhabitants were able to fend off a second Dutch attack in 1673, when this time it was defended by Christopher Martin, an English merchant captain. Martin landed six cannons from his vessel, the Elias Andrews, and constructed an earthen breastwork and battery near chain Rock commanding the Narrows leading into the harbour. With only twenty-three men, the valiant Martin beat off an attack by three Dutch warships. The English government planned to expand these fortifications (Fort William) in around 1689, but actual construction didn't begin until after the French admiral Pierre Le Moyne d'Iberville captured and destroyed the town in the Avalon Peninsula Campaign (1696). When 1500 English reinforcements arrived in late 1697 they found nothing but rubble where the town and fortifications had stood.

Question: Who briefly seized St. John's in 1665? Question: In what year did the dutch attack St. John for a second time? Question: How many men defended the attack from the Dutch in 1673? Question: How many Dutch warships were fended of by Christopher Martin in 1673? Question: Who destroyed Fort William in 1696?
St. John's was the starting point for the first non-stop transatlantic aircraft flight, by Alcock and Brown in a modified Vickers Vimy IV bomber, in June 1919, departing from Lester's Field in St. John's and ending in a bog near Clifden, Connemara, Ireland. In July 2005, the flight was duplicated by American aviator and adventurer Steve Fossett in a replica Vickers Vimy aircraft, with St. John's International Airport substituting for Lester's Field (now an urban and residential part of the city).

Question: Who flew the first non-stop transatlantic aircraft flight? Question: What aircraft did Alcock and Brown use in 1919 for their flight? Question: Where in St. John's did Alcock and Brown depart from in June 1919? Question: Who duplicated Alcock and Brown flight in 2005? Question: What aircraft did Steve Fossett use for his flight in July 2005?
St. John's, and the province as a whole, was gravely affected in the 1990s by the collapse of the Northern cod fishery, which had been the driving force of the provincial economy for hundreds of years. After a decade of high unemployment rates and depopulation, the city's proximity to the Hibernia, Terra Nova and White Rose oil fields has led to an economic boom that has spurred population growth and commercial development. As a result, the St. John's area now accounts for about half of the province's economic output.

Question: When did the Northern cod fishery collapse? Question: For how long did the Northern cod fishery provide a stable economy for St. John's? Question: How long did unemployment rates and depopulation suffer in St. John's? Question: What led to an economic boom in St. John's?
St. John's is located along the coast of the Atlantic Ocean, on the northeast of the Avalon Peninsula in southeast Newfoundland. The city covers an area of 446.04 square kilometres (172.22 sq mi) and is the most easterly city in North America, excluding Greenland; it is 295 miles (475 km) closer to London, England than it is to Edmonton, Alberta. The city of St. John's is located at a distance by air of 3,636 kilometres (2,259 mi) from Lorient, France which lies on a nearly precisely identical latitude across the Atlantic on the French western coast. The city is the largest in the province and the second largest in the Atlantic Provinces after Halifax, Nova Scotia. Its downtown area lies to the west and north of St. John's Harbour, and the rest of the city expands from the downtown to the north, south, east and west.

Question: Near what body of water is St. John's located by? Question: How many Square miles is St. John's? Question: In what providence is Edmonton located? Question: What is the largest Atlantic Province city?
St. John's has a humid continental climate (Köppen Dfb), with lower seasonal variation than normal for the latitude, which is due to Gulf Stream moderation. However, despite this maritime moderation, average January high temperatures are actually slightly colder in St. John's than it is in Kelowna, British Columbia, which is an inland city that is near the more marine air of the Pacific, demonstrating the cold nature of Eastern Canada. Mean temperatures range from −4.9 °C (23.2 °F) in February to 16.1 °C (61.0 °F) in August, showing somewhat of a seasonal lag in the climate. The city is also one of the areas of the country most prone to tropical cyclone activity, as it is bordered by the Atlantic Ocean to the east, where tropical storms (and sometimes hurricanes) travel from the United States. The city is one of the rainiest in Canada outside of coastal British Columbia. This is partly due to its propensity for tropical storm activity as well as moist, Atlantic air frequently blowing ashore and creating precipitation.

Question: How is the climate in St. John's? Question: In which province is Kelowna located? Question: What body of water is to the east of St. John? Question: From where do tropical storms travel from to St. John's? Question: Which Canadian city is the most rainiest?