Formal debt restructuring talks between Lebanon and its bond holders are expected to begin in about two weeks, a source familiar with matter said on Sunday, after the heavily indebted state declared it could not meet its debt repayments.
Lebanon announced on Saturday it could not meet its debt payments, which include a Eurobond of $1.2 billion maturing on Monday, setting the state on course for a sovereign default as it grapples with a major financial crisis.
REUTERS
MBS had enough principled character to demand a repatriation of ill-gotten wealth from members of the extended Saudi royal family .. his own family … when he ascended. Let’s see if Lebanon’s leaders have anywhere near the stones to act so justly when it comes to those who have been taking from Lebanon more than right, honor, and responsibilities justified …
No where does Islam say “steal from your countrymen all that you can get away with” … nor is it written “do not pay unto yours that due from the fruit of your labors” .. Were you to find an honorable Persian, not even he believes in those …
klhm
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