Sentence examples for western debt from inspiring English sources
Capitalist, yes: his new prime minister, Mikhail Kasyanov, is an economic liberal who has deftly renegotiated Russia's Western debt.
The last straw is a drop in oil prices, robbing Russia of its ability to pay its huge Western debt.
The government is riddled with corruption and its treasury is floundering in an ocean of western debt.
Benin lost 9% of its export earnings - more than wiping out the benefit it received from western debt relief.
Today, China is rising, and because it controls so much Western debt, it is unlikely to be as easy to target for its internal conduct.
Chinese banks were not, in the main, exposed to toxic Western debt and, perhaps more importantly, never adopted dangerous Western methods of hiding risks.
Pan Pacific will also assume $200 million of Western's debt.
In exchange, the government would refinance billions in Western bank debt.
A deputy prime minister, Igor I. Sechin, said energy companies including TNK-BP, partly owned by Alfa, would receive $9 billion to help refinance Western bank debt.
Chinese purchases of Western government debt have helped beleaguered Western economies weather the global financial turmoil of recent years, while its consumers are increasingly crucial to many European and American retailers and manufacturers.
"We've long held the view that risk assets could see crowding-out over the next few years as there is more and more Western government debt to finance," says Jim Reid, a strategist at Deutsche Bank.
