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In an article to the Lebanese daily AnNahar, Nadine Hani asked the question on why Lebanon isn’t acting on a plan to deal with its sovereign debt, similar to other countries facing the current debt crisis:
Countries that were hit by the economic crisis have adopted policies of austerity. Lebanon is no exception and it has to start effectively addressing its debt either by reforming the electricity sector, which is costing the treasury $1.5 billion annually, or by selling small parts of publically-owned companies, such as Middle East Airlines, and listing other parts of them on the Beirut bourse.
A valid obvious question, but the government’s likely answer is pretty obvious too: we are no exception, but we don’t know our policy on this matter. Yes, the Lebanese government hasn’t told us what they are planning to do!
