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 Hungarian monarch Coronation of the Hungarian monarch The Coronation of the Hungarian monarch was a ceremony in which the king or queen of the Kingdom of Hungary was formally crowned and invested with regalia. It corresponded to the coronation ceremonies that occurred in other European monarchies. While in countries like France and England the king's reign began immediately upon the death of his predecessor, in Hungary the coronation was absolutely indispensable as if it were not properly executed, the Kingdom stayed "orphaned". All monarchs had to be crowned as King of Hungary in order to promulgate laws there or exercise his royal