MIDEAST DEBT-Loyal banks, diaspora help Lebanon ride out region's turmoil

Reuters

Lebanon's politics are descending into sectarian conflict and its economy is starved of investment. But its sovereign bonds are steady, foreign reserves are holding up and there is no sign of serious pressure on its currency.

That striking contrast suggests the country may avoid the economic crisis which has engulfed other nations during the Arab Spring uprisings, even though it is suffering increasing damage from the civil war in neighbouring Syria.

Source: Reuters FULL STORY