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The economic and financial crisis was the catalyst for a fiscal crisis that engulfs many OECD countries. After a gradual adjustment of the exchange rate to the new oil price environment which was costly due to reserve losses, the CBR started to lower interest rates and to allow for a somewhat higher degree of exchange rate flexibility. Regional: Caribbean leaders struggling with high national debt burdens are asking the Commonwealth to strengthen its assistance as a top priority.

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Financial Collapse of Healthsouth: Hearing Before the Committee on Energy And Commerce, U.s. House of Representatives

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