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
2020-03-07T20:28:22.418Z
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.
Source: rainews
Similar news:
- Lebanon in default for the first time in its history - France 24 4 years
- The currency reserve has reached a dangerous level .. Lebanon announces the first default on its debt 4 years
- Lebanon is unable to meet its payment obligations for the first time 4 years
- Lebanon in default, a first 4 years
- Lebanon announces the first default on debts in its history 4 years
- Lebanon announces the first default on debts and protests over the deteriorating living conditions 4 years