Whenever a country is subjected to some turbulence; social political, economic or natural; its economic performance is bound to suffer. This has always been the case, all throughout history and it still is.
In early December, Finance Minister Raya Hassan announced that Lebanon had successfully issued $500 million in Eurobonds in an effort to refinance the country’s staggering public debt.
There comes a point when an ever expanding level of debt and the ability to service it becomes unsustainable. It is our belief that the state of Lebanon has reached this stage.