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In the years preceding the great recession, San Marino's public finances were in very good shape, with a central government budget surplus and no national debt.During the global downturn, the government adopted measures to dampen the shock on the real economy and to bail out financial institutions, which came at a high price for the soundness of public finances.
San Marino (/ ˌ s æ n m ə ˈ r iː n oʊ / ⓘ SAN mə-REE-noh, Italian: [sam maˈriːno]; Romagnol: San Maréin or San Maroin), officially the Republic of San Marino [7] (Italian: Repubblica di San Marino), is the oldest existing representative republic and the European state with the smallest population, excluding the Vatican City. [8]
Detail from the portrait of San Marino by late 19th century artist Emilio Retrosi. € 1.00 € 2.00 € 2 Coin Edge for a total of 12 stars La Cesta, the second tower from a group of towers located on the three peaks of Mount Titano (Monte Titano) in the city of San Marino, the capital of the Republic. Detail from the painting The Portrait of ...
Tourism in San Marino, known also as the Most Serene Republic of San Marino (Italian: Serenissima Repubblica di San Marino) is an integral element of the economy within the microstate. The tourism sector contributes a large part of San Marino 's GDP , with approximately 2 million tourists visiting per year.
A paper in 2020 discussed the history of the smallest European states, and compared Malta and Cyprus to Andorra, Liechtenstein, Monaco, and San Marino. [15] Including both traditional microstates and small states in the European region yields several more examples, such as Cyprus, Luxembourg, and Montenegro. [11] Andorra [15] Cyprus [note 1] [15]
San Marino is an enclave completely within Italy.With little or no resources, the tiny nation has made income selling stamps and coins to tourists. From 1950 through the adoption of the euro in 1999 (by law, 2002 de facto), legal tender coins with dozens of ever changing designs have been produced in abundance by the Italian mint in Rome.
Currency of San Marino may refer to: Sammarinese lira (1860s–2002), pegged 1:1 to the Italian lira; Euro (since 2002) This page was last edited on 28 ...
San Marino – small sovereign country located in the Apennine Mountains on the Italian Peninsula in Southern Europe. [1] San Marino is a landlocked enclave , surrounded by Italy . One of the European microstates , San Marino has the smallest population of all the members of the Council of Europe and the 3rd highest GDP per capita in the world.