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What was the main cause of Romania's skyrocketing foreign debts in the 1970s?

  • Failed oil ventures

  • Agricultural crisis

  • War expenses

  • International sanctions

Answer

Economic mismanagement due to failed oil ventures during the 1970s led to skyrocketing foreign debts for Romania. Ceaușescu's government struggled to repay these debts, leading to further economic problems.
Unraveling the Enigma: Test Your Knowledge on Nicolae Ceaușescu - Romania's Infamous Communist Leader

Unraveling the Enigma: Test Your Knowledge on Nicolae Ceaușescu - Romania's Infamous Communist Leader

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