Government Debt

The growth in profitability of Lebanon’s banks continues to be stunted by slower economic progress not only in Lebanon but also globally, as well as turmoil in neighboring Syria and …

The story of how Lebanese commercial banks effectively finance the country through buying government debt has been told so many times that it is  cliché — but even after all …

The Lebanese government would be broke if it were not for the country’s banks. For decades the banks have lent to the sovereign to help make up the vast difference …