Through the early 1970s the largest borrowers on Euromarkets were

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During the early 1970s, governments and state-owned enterprises were the largest borrowers on Euromarkets due to the high demand for financing of infrastructure projects and industrialization efforts in developing countries. Multinational corporations were also active borrowers but not as large as governments and state-owned enterprises. U.S. and foreign banks were more active as lenders rather than borrowers on Euromarkets.

Through the Early 1970s the Largest Borrowers on Euromarkets Were