Lebanon's financial meltdown and how it happened
The Peninsula
Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge.
Banks, central to the service-oriented economy, are paralysed. Savers have been locked out of dollar accounts or told funds they can access are worth less. The currency has crashed, driving a swathe of the population into poverty. WHERE DID IT GO WRONG?
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