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To pay or not to pay: Lebanon weighs Eurobond debt

Published by Yahoo on Sat, 15 Feb 2020


Lebanon's finance minister said Thursday the country's new government is weighing whether to pay or default on its $1.2 billion Eurobond debt, which matures next month, amid an economic crisis that has sparked months of unrest. Lebanon is grappling with its worst financial crisis since the end of the 1975-1990 civil war, including a deepening liquidity crunch and a soaring public debt. 'It is not easy,' finance minister Ghazi Wazni told reporters before the new Cabinet's first meeting.
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