Sentence examples for huge foreign debt from inspiring English sources
The Mexican government struggled increasingly to pay even the interest on its huge foreign debt.
Portugal in particular has huge foreign debt, much of it channelled through its banks: some think this is the country's main frailty.
The measures enacted in 1976 also produced a huge foreign debt by the late 1980s, which became equivalent to three-fourths of the GNP.
We have paid dearly for our "services" fixation, not least with a huge foreign debt attributable to excess imports of the goods we still consume.
But the pursuit of his social agenda will be difficult in a country saddled with a huge foreign debt and international commitments to foreign lenders.
Although he returned freedom of the press to Peru, Belaúnde was baffled by a high inflation rate, a huge foreign debt, and violent attacks by the Shining Path terrorist group.
To the contrary, however, some authorities believed that huge foreign debts would act as a continuing drag on growth and could have catastrophic results.
The huge foreign debts that Spain, Greece and Portugal ran up during the euro's first decade are the modern equivalent.The thing that the authors put most emphasis on is the role of surplus countries in fixed exchange-rate schemes.
A deal to clear Zimbabwe's huge foreign debts, including money owed to the World Bank and IMF, seems impossibly distant.But without it there can be no large-scale official borrowing by the government.
Furthermore, the Latin American economies have huge foreign debts, amounting to around 300% of exports in Brazil and Argentina, compared with an average of less than 100% in Eastern Europe.Brazil shares another economic problem with Russia: a huge budget deficit, forecast to be 7% of GDP this year, even bigger than Russia's 6%.
