Le Figaro :"Le Liban en défaut de paiement, une première historique"

March 8, 2020

On March 7, Prime Minister Hassan Diab addressed the country and announced the decision of Cabinet to not pay the USD 1.2 billion Eurobond due on March 9, and instead seek to restructure its massive debt as the country's dollar reserves dwindle amid an acute financial crisis.

Kulluna Irada's Sibylle Rizk wrote for French magazine Le Figaro and analysis of the situation.

Read the full article (In French) here.

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