Lebanon's financial meltdown
Reuters News 17.06.2021
Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge.
Banks, central to the service-oriented economy, are paralyzed. Savers have been locked out of dollar accounts or told funds they can access are worth less. The currency has crashed, driving a swathe of the population into poverty.
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