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Venezuela's president says his socialist government will begin restructuring a foreign debt estimated at more than $120 billion, adding that U.S. financial sanctions are crippling the oil-dependent economy's ability to pay.Venezuela's economy has contracted more than 35 percent since 2014, a sharper fall than the U.S. suffered during the Great Depression, and Maduro's government has found itself forced to choose between paying foreign creditors and helping a population ravaged by triple-digit inflation and widespread food and medicine shortages.
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