Wednesday, July 27, 2005

Turkey still a country "in a lot of debt"

Out of four basic signs used by the IMF and the World Bank to judge whether or not a country is in serious debt, two indicate that Turkey is "in a lot of debt," say experts.

Turkey's total foreign loan stock at the end of 2004 was revealed to be 161.8 billion dollars. At the end of the first quarter of 2005, Turkey's foreign loan stock is already up to 159.9 billion dollars.

(Source: Turks.US)

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