History of the British national debt both government borrowing and the national debt have risen dramatically, reaching around 70% of GDP by the end of 2012. The origins of the British national debt can be found during the reign of William III, who engaged a syndicate of City traders and merchants to offer for sale an issue of government debt. This syndicate soon evolved into the Bank of England, eventually financing the wars of the Duke of Marlborough and later Imperial conquests. The establishment of the bank was devised by Charles Montagu, 1st Earl of Halifax, in 1694, to the plan which had been proposed by
Coronation of the Bulgarian monarch Coronation of the Bulgarian monarch The Bulgarian Monarchs used the titles: Khan, Prince (Knyaz), Tsar and King. When acceding to the throne in the First and Second Bulgarian Empire the occasion was marked with a coronation. The coronation was conducted by the Bulgarian Orthodox Church. During the Third Bulgarian State accession was marked by a oath on the constitution. Eastern Orthodox Christianity entered Bulgaria during the reign of Prince Boris I. He converted to Orthodoxy in 864. His godfather was Emperor Michael III and Boris accepted the name Michael as his Christian name. His title was changed from the pagan