Declaring it cannot pay debts, Lebanon sets stage for default

BEIRUT - Lebanon announced it cannot meet its debt payments and halted a March 9 bond payment of $1.2 billion on Saturday, setting the heavily indebted state on course for a sovereign default as it grapples with a major financial crisis.

The crisis is seen as the biggest risk to Lebanon’s stability since the end of the 1975-90 civil war. The Lebanese had “lived a dream that was a delusion as though things were just fine, while Lebanon was drowning in more debt”, he said. He took aim at a banking system that drew capital to the country with dollar interest rates five to 10 times greater than those offered abroad.

Source: Loan Digest (loandigest.net)

Call Tahran , Qum; no doubt they have new precise missiles loaded with corona. Then you can lauch it to yr southern neighbour...

And now they will start saying that it's because of Israel. Look at the fucking problem instead of blaming other people.

They will be forgiven as well as all debts !

Why does Hezbollah sell their weapons and pay the debt? If you leave your country to be de facto run by fanatics who think only of extermination of other people who are not like themz you can't expect anything better for your country.

Mr. Carlos Ghosn will pay all debt of the government!

We have high level of depts due to corruption theft and we are unable to hold any of the parties accountable due to international interferences , it is not a free country and now it’s a US dollar black market, a Ponzi scheme internationally authorized and well planed ...

Call Donald Trump he has advice

They did not heed EEA's collected wisdom, ~20 years ago: 'The High Noon Of Capitalism: The Overthrow Of The Advantages Of Lenders Over Borrowers In The 'Rule Of Law'' 2000 'Nothing But A Tail' 2001 . . .

The definition of a failed State is essentially present-day Lebanon, but even that does not fit the definition since this so-called State is a grouping of ex-war lords and present-day kleptomaniacs so in fact the ‘Fatty Farm’ has failed, not Lebanon yet Keep the faith…

Check out and order my Gig on Fiverr: create unique trifold and bifold brochure design in 12 hours

No Surprise Here World Debt Is 328% Of World GDP! BlackLivesMatter Indivisible

I bet a lot of greek history majors can relate to these guys

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