Share
07 March 202021.10 For the first time in history, Lebanon announces the 'default' (economic term indicating a debtor's inability to meet its obligations. Ed.). Premier Diab explained that he will start negotiations to restructure the debt: the 1.2 billion Eurobond expires on Monday. It is the first complex decision that Diab makes since taking office 6 weeks ago. Lebanon is experiencing a serious economic and financial crisis which has led to months of protests, distorting confidence in the country's banking system.Lebanon in 'default' for the first time
3/7/2020, 8:28:22 PM
21.10 For the first time in history, Lebanon announces the 'default' (economic term indicating a debtor's inability to meet its obligations. Ed.). Premier Diab explained that he will start negotiations to restructure the debt: the 1.2 billion Eurobond expires on Monday. It is the first complex decision that Diab makes since taking office 6 weeks ago. Lebanon is experiencing a serious economic and financial crisis which has led to months of protests, distorting confidence in the country's banking system.