ALGERIA
Algerian President Announces Austerity Measures as Revenues Plummet
In the face of collapsing oil prices - which, according to President Chadli Benjedid, will reduce Algeria's income by some 80% - the Algerian Government is taking austerity measures aimed at promoting autarky and national self-reliance.
The Algerian President's announcement - the first official acknowledgement that Algeria faces severe economic problems as a result of the crisis in the oil market -...
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