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Economic tsunami undermines war against Islamic State in Iraq - Kurdish deputy PM | Reuters

Jan 16, 2016    

ERBIL, Iraq Iraq's Kurdistan region is in danger of being drowned by an economic "tsunami" as global oil prices plunge, its deputy prime minister said, warning it could undermine the war effort against Islamic State.

Four months in arrears and deeply in debt, the Kurdistan Regional Government (KRG), which depends on oil revenue to survive, has been hit hard by oil's slump below $30 per barrel this week...

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