San Marino 2018
San Marino. In September, San Marino applied for a large loan from the International Monetary Fund (IMF). According to Countryaah.com, San Marino is the capital city of San Marino, a country located in Southern Europe. This amounted to EUR 300 million. The country is still having difficulty recovering after the financial crisis in 2008. There are, among other things, so-called problem loans, ie loans where the borrower is unable to pay interest and repayments, to the value of EUR 1.7 billion. This corresponds to 117% of the country’s total GDP. Now it is also planned to reduce the salaries of public employees and reform the pension system.
- According to Abbreviationfinder: SMR is an three letter acronym for San Marino.
According to a 1992 estimate, the population of this small state was 23,576 residents, Of which 4178 resident in the capital. The main economic resource remains, as always, tourism: in 1992 the visitors were 3,208,290.
History. – The political life of SM at the end of 1977 appeared to be characterized by a certain instability determined by the fact that neither of the two major parties, the San Marino Christian Democratic Party and the San Marino Communist Party, had managed to obtain an absolute majority of seats in the general elections. Following the political elections of May 1978, a coalition government was formed, led by the Communist Party, of which both the Socialist Party and the Unitary Socialist Party were members. SM thus became the only country in Western Europe to be ruled by a coalition led by the Communists. In 1982, a law was passed that allowed women born to MS to retain citizenship even if they had married a foreign citizen. In 1984, a another law that allowed foreign citizens residing in MS for thirty years to acquire citizenship. In July 1986 there was a serious political crisis, following a financial scandal in which several socialist politicians had been involved, who left the government. In June 1988, after the general elections held in May, a new coalition government was formed, made up of Christian Democrats and Communists. In March 1990, in the context of the profound change initiated in the PCI by Secretary A. Occhetto, the Communist Party of SM changed its name to that of the Progressive Democratic Party. In the same year, the Unified Socialist Party and the Socialist Party merged with the name of the Socialist Party of San Marino. In March 1992 SM became a member of the UN. In the same month, the Christian Democrats and Socialists formed a coalition government from which the Progressive Democratic Party was excluded. In September 1992 SM became a member of the International Monetary Fund. The general political elections held on May 30, 1993 saw the success of the Christian Democrats (41.3%) and the Socialists (23.7%), while the Progressive Democratic Party obtained 18.5% of the votes. Following these elections, a two-tone government was formed consisting of Christian Democrats and Socialists. while the Progressive Democratic Party got 18.5% of the votes. Following these elections, a two-tone government was formed consisting of Christian Democrats and Socialists. while the Progressive Democratic Party got 18.5% of the votes. Following these elections, a two-tone government was formed consisting of Christian Democrats and Socialists.