Sentence examples for colossal foreign debt from inspiring English sources
Aside from the violence that turned its cities into ghost towns and cost the lives of as many as 200,000 people, Algeria endured massive unemployment and a colossal foreign debt, the servicing of which ate up three-quarters of export earnings.That debt has now dwindled almost to nothing, as foreign reserves, boosted by a windfall of cash from oil and gas sales, have mounted beyond $120 billion.
After a few years of impressive economic growth, embellished by large-scale infrastructure projects, Marcos' one-man-rule transformed into a colossal economic failure, anchored by runaway levels of foreign debt and American strategic aid amidst the intensifying Cold War in East Asia.
Athens foreign debt will continue to rise.
Its prodigious exports, heroic rates of investment and colossal foreign reserves are both deeply impressive and a little intimidating.
A crushing multibillion-dollar foreign debt has been paid off.
In the same period, its foreign debt has risen fivefold.
The Mexican economy was stagnant and overwhelmed by foreign debt.
Foreign debt is up from $30 billion to $44 billion.
Much of Russia's foreign debt has been repaid.
The American share in the Austrian foreign debt totals $64,500,000.
