Economic restructuring of the former sov soviet union wikipedia the soviet union officially the union of soviet socialist republics ussr was a socialist federation in eurasia that existed from 1922 to 1991 nominally a union of multiple national soviet republics its government and economy. In a new report the committee on international economic policy and reform examine sovereign debt crises and present procedures for restructuring the debt of bankrupt sovereigns at the euro area . The launch of the sovereign bolivar is also accompanied by a series of other economic measures including the elimination of exchange controls the opening of 300 exchange houses and what amounts to a 97 percent devaluation as the government recognises parallel market exchange rates for the first time. Dramatic changes both political and economic occurred during the late 1980s and early 90s ushered in by the adoption of perestroika restructuring and glasnost openness. The greek government debt crisis also known as the greek depression was the sovereign debt crisis faced by greece in the aftermath of the financial crisis of 2007 08 widely known in the country as the crisis greek it reached the populace as a series of sudden reforms and austerity measures that led to impoverishment and
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