Lebanon’s Cabinet voted unanimously at a session Saturday afternoon not to pay the $1.2 billion Eurobond due March 9 and seek out restructuring agreements, local media reported. The country was due on March 9 to repay a $1.2-billion Eurobond, while another $700 million matures in April, and a further $600 ...
Attendees of financial meeting at Baabda Presidential Palace on Saturday voiced support to decisions made by government. Based on the available options, conferees at the financial and economic meeting decided to support the government in whatever option it adopts, except for the payment of the debt maturities,” Presidency’s Director General, ...
