Lebanon Faces a $50 Billion Hole Even Beyond its Eurobonds

Bloomberg

Lebanon has a lot more than just maturing Eurobonds to worry about.In addition to $31 billion of those, the Middle Eastern nation’s central bank has $52.5 billion of obligations in the form of foreign-currency deposits and certificates of deposit, according to calculations by Toby Iles and Jan Friederich, Hong Kong-based analysts at Fitch Ratings Ltd.


From: Bloomberg FULL STORY