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Lebanon’s debt-based model is ultimately unsustainable

Location:

LEBANON

The insurance costs for Lebanon’s sovereign bonds rose rapidly in September, reflecting both general unease among investors in emerging markets and specific concerns about…

Economic collapse drives Lebanese brain drain

Location:

LEBANON

Unhappiness in Lebanon reflects the country’s rapid decline from middle-income to low-income status. The brain drain is depleting vital sectors of staff, although it does bring…

Risk of full-blown Turkish currency crisis is rising

Location:

TURKEY

Despite dramatic depreciation of the lira since early March, the TCMB is likely to continue cutting its benchmark one-week repo rate, now at 8.75%, as it tries to mitigate the…

Syria will struggle more than Iraq with reconstruction

Location:

IRAQ/SYRIA

Iraq and Syria -- neighbours with many economic, political and social connections -- have both been subject to years of destructive armed conflict. They are now looking to…