Banks erect financial 'fence' as crisis sweeps Lebanon - association head
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BEIRUT (Reuters) - Lebanese banks are liquid but operating in a very strong "wave of uncertainty", the banking association head said, describing temporary controls introduced this week as "a fence to protect the system" until the situation normalises.Salim Sfeir dismissed the suggestion of a haircut on bank deposits, mooted by some observers in the financial industry, as "insane", telling Reuters it would badly hurt the future stability of a country dependent on capital inflows.He said he was..