Once a Mediterranean playground, Lebanon is saddled with debt. Here’s how the party stops

  • 📰 latimes
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 82%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The numbers are daunting. Lebanon, slightly smaller than Connecticut, has the world’s third-largest ratio of public debt; it now stands at more than $84 billion, or roughly 152% of GDP.

Piles of trash stacked at the port of Beirut, the Lebanese capital, are the result of a years-long garbage crisis.

One lifeline is the $11.6-billion pledged last year at a donor conference in Paris, which brought together 50 countries and organizations, including the U.S., France, the World Bank and the European Bank for Reconstruction and Development, to aid Lebanon’s decrepit infrastructure. So dire is the situation that even leaders of the nation’s dysfunctional political class, culled from 18 religious sects, acknowledge the need for change.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Can't they just sell more hash?

Hello good night I like Image in Mediterraneon I like Image thank you

We’re approaching Italian and Greek levels of debt yet liberals are promising free stuff to all comers.

Lebanon is simply a subsidiary of Hezbollah Inc, an IranCo. company.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's how Netflix remains an investment darling despite billions in outstanding debt and a junk ratingNetflix has put more bonds into the markets as yield-hungry investors gobble up the company's offering despite the competitive streaming landscape. Keep up the Pump!
Source: BusinessInsider - 🏆 729. / 51 Read more »

1 in 4 young people dip into 401(k)s to pay off debt—here's why that's a problem'It may seem like a really good idea ... but it likely has real, significant, long-term implications.' MakeIt If everything was free there wouldn’t be any debt and thus no one would ever have to dip into there 401k omgggggg how come no one came up with this idea before MakeIt It teaches responsibility. It's thier debt not the tax payers. MakeIt The debt cycle can be tough. Although a bad longterm financial move it can give one immediate relief.
Source: CNBC - 🏆 12. / 72 Read more »

Elizabeth Warren and 2020 Dems want to erase student debt — here's how it could affect the economyElizabeth Warren, Andrew Yang and other proponents of forgiving student debt argue it will jolt the economy. But it may not benefit who you think. loons on the left!! Retroactively? Should ppl just not pay their monthly payments in the hope they'll get it erased in the near future? How about getting a new loan in this climate? Pander and slander, what a maroon.
Source: CNBC - 🏆 12. / 72 Read more »