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Lebanon’s money is on its way to Swiss banks

Lebanon’s money is on its way to Swiss banks

While the country, whose public debt amounts to 166% of GDP, is at risk of defaulting at any time, the money of the Lebanese wealthy is evaporating on the shores of Lake Geneva and Zurich. An international letter rogatory has been sent to Switzerland.

 

Youth revolt causes the denominational regime to falter

Youth revolt causes the denominational regime to falter

No one could predict the new Lebanese insurgency. Anger against a new tax has turned into a general challenge to the old caste system run by large denominational families, in the context of a widespread economic crisis.