Eight days in March

As no agreement was reached with bondholders, nor seriously attempted, for that matter, this will be what is known as a hard (or chaotic) default.
by Dan Azzi

9 March 2020 | 16:03

Source: by Annahar

  • by Dan Azzi
  • Source: Annahar
  • Last update: 9 March 2020 | 16:03

In this photo released by the Lebanese Government, Lebanese President Michel Aoun, center, meets with political and financial officials to discuss the economic situation, at the Presidential Palace in Baabda. (AP Photo)

Our prime minister just announced the nation’s intent to default.
This will be the first time that the tiny country has defaulted on its debt since its independence on November 22, 1943. Our 77...
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