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Govt preparing package of reform measures to deal with crisis

Hussein Dakroub- The government is preparing a package of reform measures to deal with the crippling economic and financial crisis that will affect the banking sector and the lives of citizens, Prime Minister Hassan Diab said Tuesday, in a clear indication of expected tax steps. He also said the government had begun informal negotiations with foreign creditors on debt restructuring, days after Lebanon announced that it would default on a $1.2 billion Eurobond payment that matured this week.
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