The nature and causes of sovereign debt differ from one country to another. Yet, the popular or engineered narrative of debt usually conceals its true origin or cause.
In the case of Lebanon, currently facing a financial and economic crisis ranked by the World Bank as possibly among the top three most severe global crises episodes since the mid-19th-century, one of the key lessons from the Greek experience is the importance of understanding the cause. The truth about how and why Lebanon reac…
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