ASSESSMENTS
Lebanon's Impending Debt Default
Mar 6, 2020 | 17:32 GMT
(Janusz Pienkowski/SHUTTERSTOCK)
Highlights
- Regardless of what the Lebanese government chooses to do with its March eurobond repayment deadline, it will likely move forward with banking sector restructuring that will negatively impact Lebanese banks and consumers.
- The government will likely choose to enact austerity measures to secure external financial assistance, something that could threaten its ability to remain in power.
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