Quote:
Originally Posted by Jo Freddie
No lie, do you own research and you will find out that In 1570's, faced with the bills from his 80,000-man army of occupation in the Netherlands, the cost of his fleet that had won at Lepanto, together with the growing threat of piracy in the open seas reducing his income from his American colonies, Philip II of Spain was forced to accept bankruptcy.
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No, the Spanish parliament forced Philip II to declare bankruptcy because they were over run with feel good FALSE Christians who wanted to fund their failed socialist programs and refused to cut taxes. Philip had foolishly annihilated his Dutch bankers during the
Sack of Antwerp and was forced to rely on the Genoese. The Spanish parliament thought they could force the Genoese to eat it because Spain occupied Genoa but the out control Spanish nanny state still needed funding so the Kingdom of Spain was force to resume payments on their loans to secure new ones.