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Thinking the unthinkable: Lebanon’s sovereign debt default?
The unthinkable has finally happened in a secretive central bank’s digital ledger in the heart of Beirut. The rating agency Fitch predicts imminent default on Lebanon’s sovereign debt, at $88bn, a colossal 185% of GDP, making the once “Paris of the Middle East, the fabled reve d'Orient (dream of the…
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