Rewrite these sentences about debt using more appropriate language in the vocabulary section to replace the underlined words.

1. Over a period of five years, the country got huge debts which it could not pay back.
2. Countries in debt are completely at the mercy of wealthier nations.
3. The weight of debt is so great in some countries that their economies are collapsing.
4. Wealthier countries could do a lot to make the debt of poor countries less heavy, and indeed, in some cases, could forget the debt altogether.
5. Over a period of three years, the country suffered a two-stage recession.
6. The following year, there was a severe collapse in the price of crude oil.
7. While some countries lowered the value of their currencies, one country alone increased the value of its currency due to its strong economy.
8. Urgent measures were needed to improve the economy.