Ecomnews Med The Mediterranean News on Economy
Since October 17, 2019, the streets of the country have been rumbling with people tired of a corrupt financial system and accumulated pressure on the middle and poor classes in favor of a financial and sectarian oligarchy. Debt only increased during the pandemic and it now seems inevitable that the financial system will be reformed, especially under the influence of Hezbollah and the IMF.
As the situation becomes direr, Lebanese officials are turning to foreign aid to bailout the economy. But the much-needed cash is tied to strict reform reforms…We break down the current situation.
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