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Lebanese citizens are consumed by culminating challenges at all levels. Internal Lebanese dramaconcurred with the consequences of craterous oil prices (reduced remittances, lower non-residentdeposits, lower employment and remuneration of the Lebanese in oil-countries, etc.), the globalpandemic, and geopolitical tensions. Nevertheless, the resilience of the Lebanese and their ability toadapt have reached an unprecedented limit in…

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Defaulting on Eurobond debt will ruin Lebanon’s reputation: Expert

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…

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