The dire debt numbers facing Lebanon's new government | Reuters:
With fixed exchange rates and some of the world’s worst debt and balance-of-payment ratios, Lebanon’s newly-formed government knows it needs to act fast to avoid sinking into a full-blown economic crisis.
Lebanon’s ability to dodge financial disaster has for years confounded critics, whose warnings of debt defaults, balance of payments crises and a collapse of the pound currency, have all failed to materialise.
The hope is that it will stay that way, but as the charts below show the numbers are daunting.
No comments:
Post a Comment