Puerto Lempira Puerto Lempira Puerto Lempira is the capital of the Gracias a Dios department in northeastern Honduras, located on the shores of the Caratasca Lagoon. Though it does not have paved roads, it is the largest town in the La Mosquitia region. The town is named for the 16th century leader of the indigenous Lenca peoples, Lempira, who directed an ultimately unsuccessful resistance against the Spanish "conquistador" forces in the 1530s. Puerto Lempira became the departmental capital in 1975, prior to which it was Brus Laguna. In the 1980s, the town became a centre for CIA operations against the Sandinistas. Its
History of the euro and devaluations set back aspirations for European monetary union. However, in March 1979 the European Monetary System (EMS) was created, fixing exchange rates onto the European Currency Unit (ECU), an accounting currency, to stabilise exchange rates and counter inflation. It also created the European Monetary Cooperation Fund (EMCF). In February 1986 the Single European Act formalised political co-operation within the Community including competency in monetary policy. European Council summit in Hannover on 14 June 1988 began to outline monetary co-operation. France, Italy and European Commission backed a fully monetary union with a central bank, which British Prime Minister Margaret Thatcher