Down on the Iberian peninsula, the prime minister of Spain gave speculators a little advice.
He has also made major contributions to the understanding of Arab culture in the Iberian Peninsula.
Spain consists of most of the Iberian peninsula, plus the Balearic Islands, the Canary Islands and two North African exclaves.
But the connection between Protestantism and industrial development remains a controversial subject, and the Iberian peninsula's late arrival at the capitalist party is one of the arguments that supports the contention.
Mr Panetta took the opportunity to announce a delayed timeframe for planned cuts to the Lajes Air Base in Portugal's Azores, a group of nine volcanic islands located almost 1, 000 miles (1, 600km) west of the Iberian peninsula.
Its many stores blanket the Iberian Peninsula.
FORBES: El Corte Ingles - Spain's Only Department Store Chain is Struggling
The Iberian Peninsula faced a slew of downgrades from credit rating agencies on Thursday, after Fitch decided to cut its sovereign rating for Portugal by two notches to A- while downgraded 30 Spanish banks by one or more notches.
FORBES: Portugal's Sovereigns Downgraded, Spanish Banks Guillotined
Despite their personal sturdiness and the immense range of their wanderings (they settled Europe and Asia from the Iberian Peninsula to the Altai Mountains of Siberia), the latest genetic studies indicate their total population never managed to reach six figures.
After two years, my teaching contracts ended, so I said hasta luego to my life on the Iberian Peninsula and moved back in with my parents to work a nine-to-five desk job in Washington DC, dealing with financial reviews, company deadlines, terrible co-workers and fax machines that never worked.
"One of the key findings of this paper is that we can now explain the genetic mosaic of salmon in Britain and Ireland as being made up from fish that migrated in from the Iberian peninsula and a previously unrecognised refuge for salmon in North-West France, " Dr Stevens observed.
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