Press Today

Lebanon’s richest need to take a haircut

Dan Azzi|- At the root of the economic grievances fueling Lebanon’s mass protests lies what looks like a regulated Ponzi scheme. The problem will not be solved by a change of government – even with a Cabinet of experts – or by injections of capital from friendly Arab states: It will require tougher measures, including a compulsory haircut for many of the country’s richest citizens.
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