Lebanese President Michel Aoun called on Thursday for the formation of a new gov...
“The association hopes that all bank customers understand the current situation and respond positively to serve their interests and the interests of the country during this exceptional period,” the Association of Lebanese Banks said in a statement.Before he resigned, Hariri’s feuding government - which includes Hezbollah - had announced a list of reform plans last week, but these failed to defuse popular anger.
Israel’s military said an anti-aircraft missile was fired from Lebanon at one of its drones but the aircraft was not hit. The bonds have been under huge selling pressure in recent days amid simmering concerns about the government’s ability to meet its debt obligations. At nearly 150 percent of GDP, Lebanon has one of the world’s highest public debt burdens.
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