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Remember that politics move quickly, and people and their opinions evolve.
Will The International Financial Storm Hit Lebanon?
August 7, 2011 · Mustapha Hamoui
It is time to rethink how to manage Lebanon’s public debt. The world has changed, global rating agencies do not work in the same way that they used to before, and Lebanon’s financial situation is no longer as robust as it used to be. […] Rating agencies have become much more stringent in the evaluation of risks, and therefore will become stricter in their evaluation of Lebanon.
Lebanon’s cost of borrowing could increase significantly if serious reform doesn’t begin as soon as possible. With the combination of regional turmoil and the bad summer season, we might be in for some really nasty stuff..