Lebanon faces an unprecedented financial crisis as for years the country’s banking sector colluded with government to funnel dollars into the economy at an unsustainable pace. Prime Minister Hassan Diab noted this in his speech while announcing the country would default on its $1.2 Eurobond, which was due Tuesday, adding that the sector was bloated “four…
Lebanon defaulting on its $1.2 billion Eurobond maturities will not only give the country a bad reputation, it would also send a message that the government is not serious on reforms, independent financial market strategist and professor at the Lebanese American University Jihad El Hokayem said. Dealing with a crippling financial crisis, heavily indebted Lebanon…
الاقتصاد والنقد خطان متلازمان لا يمكن أن ينفصلا أبداً. ذلك يعني عمليّاً أن الأزمات النقديّة لا يمكن أن تكون مستقلّة عن الاقتصاد الحقيقي والذي لطالما شكل القطاع العقاري جزءاً أساسياً منه. خلال الأزمة العقارية التي بدأت منذ العام 2013 ولغاية مطلع الجاري، تهافت المستثمرون في العقار على تقديم حسومات لامست حدود 60% في بعض المناطق…