A senior official at the Iraqi ministry of finance said that total outstanding debt of Iraq has reached $120 billion despite the fact that some European countries have written off some of their loans, Reuters reported.
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Iraq's outstanding debts reach $120 billion
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European Commission launched excessive deficit procedure against six countries.
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Iraqi official warns:
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US government Posts $188 billion deficit in March
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Allianz seeking to underwrite 'billions of euros' of loans
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Various parties made disputed claims amounting to RM1.5bil
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Euro debt crisis has spread to healthy economies:
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Foreign currency loans up
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US budget deficit hits record $1.4 trillion
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Euro-zone current account surplus increased
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US budget deficit hits one trillion dollars
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French current account deficit widens in November
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Debt of any bank is not sovereign
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Pernod Ricard refinances debt
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Current account deficit widens to USD 1.6bn in November.
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Average family debt hits $100,000
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Domestic debt rises to Rs 2.822 trillion: