Context and question: 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.
After the loan program was announced, which countries borrowed the most?
Answer: Greece, Ireland, Italy and Spain
Context and question: In mid-2004 Madonna embarked on the Re-Invention World Tour in the U.S., Canada, and Europe. It became the highest-grossing tour of 2004, earning around $120 million and became the subject of her documentary I'm Going to Tell You a Secret. In November 2004, she was inducted into the UK Music Hall of Fame as one of its five founding members, along with The Beatles, Elvis Presley, Bob Marley, and U2. In January 2005, Madonna performed a cover version of the John Lennon song "Imagine" at Tsunami Aid. She also performed at the Live 8 benefit concert in London in July 2005.
When did Madonna perform at the Live 8 benefit concert in the UK?
Answer: July 2005.
Context and question: This is a socio-economic bloc of nations in or near the Caribbean Sea. Other outlying member states include the Co-operative Republic of Guyana and the Republic of Suriname in South America, along with Belize in Central America. The Turks and Caicos Islands, an associate member of CARICOM, and the Commonwealth of The Bahamas, a full member of CARICOM, are in the Atlantic, but near to the Caribbean. Other nearby nations or territories, such as the United States, are not members (although the US Commonwealth of Puerto Rico has observer status, and the United States Virgin Islands announced in 2007 they would seek ties with CARICOM). Bermuda, at roughly a thousand miles from the Caribbean Sea, has little trade with, and little economically in common with, the region, and joined primarily to strengthen cultural links.
What status do the United States Virgin Islands have with CARICOM?
Answer:
unanswerable