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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.

Since when have the Basel II recommendations been in effect?
Answer: 2008
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The carefully coded word in the agreement proved no less catalytic for the other European powers. The results were absolute chaos. Empress Elizabeth of Russia was outraged at the duplicity of Britain's position. Not only that France was so enraged, and terrified, by the sudden betrayal of its only ally. Austria, particularly Kaunitz, used this situation to their utmost advantage. The now-isolated France was forced to accede to the Austro-Russian alliance or face ruin. Thereafter, on May 1, 1756, the First Treaty of Versailles was signed, in which both nations pledged 24.000 troops to defend each other in the case of an attack. This diplomatic revolution proved to be an important cause of the war; although both treaties were self-defensive in nature, the actions of both coalitions made the war virtually inevitable.

Who were the parties to the treaty of Versailles?
Answer: Austria, particularly Kaunitz, used this situation to their utmost advantage. The now-isolated France
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John XXIII died of peritonitis caused by a perforated stomach at 19:49 local time on 3 June 1963 at the age of 81, ending a historic pontificate of four years and seven months. He died just as a Mass for him finished in Saint Peter's Square below, celebrated by Luigi Traglia. After he died, his brow was ritually tapped to see if he was dead, and those with him in the room said prayers. Then the room was illuminated, thus informing the people of what had happened. He was buried on 6 June in the Vatican grottos. Two wreaths, placed on the two sides of his tomb, were donated by the prisoners of the Regina Coeli prison and the Mantova jail in Verona. On 22 June 1963, one day after his friend and successor Pope Paul VI was elected, the latter prayed at his tomb.

What day was he buried?
Answer:
6 June