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Debt-ridden Lebanon Needs Salvation Plan As Debt Matures
March 9th, 2020 - 06:56 GMT

Debt-ridden Lebanon Needs Salvation Plan As Debt Matures

Apprehension and confusion thickened as the clock run down on Lebanon’s looming debt maturities of a $1.2 billion Eurobond due March 9. Defaulting or paying the debt is expected to aggravate the acute economic crisis gripping the country. The government has been studying, with the help of international finance experts, the options of orderly and unorderly default and their repercussions and a third option — partial payment and negotiating the ...
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