Rami Kiwan 🇱🇧 🇨🇦 Profile picture
Economist, global policy wonk. Saw the light and took a pic (literally). If you follow me, you won't have to walk in darkness. All disclaimers apply. 🇱🇧 🇨🇦
Nov 28, 2019 5 tweets 3 min read
#Lebanon's successive governments' policies to buy time have inflated the cost to unsustainable dimensions. Here's the harsh truth: Crisis will be only solved through one or more of the actions below:
- Devaluation
- Haircut
- Debt restructuring
- Combination of the three.
#لبنان Crises happened before and will happen again in the future. The collapse is not the end of history. But, one issue is largely more important: How to build our nation following the meltdown and what basis do we want to restore the State, economy, and society.
#Lebanon #لبنان