Economy
The official currency of Ceuta is the euro. It is part of a special low tax zone in Spain. Ceuta is one of two Spanish port cities on the northern shore of Africa, along with Melilla. They are historically military strongholds, free ports, oil ports, and also fishing and smuggling centers. Today the economy of the city depends heavily on its port (now in expansion) and its industrial and retail centres. Ceuta Heliport is now used to connect the city to mainland Spain by air.
Along with Melilla, Ceuta is the main link to and from the plazas de soberanía, especially the Islas Chafarinas, occupied by Spain during the 19th century.
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)