Lebanon's new government may have little reserves left to stabilise economy
Share:
LONDON/BEIRUT (Reuters) - Lebanon's new government faces huge upcoming debt repayments and a currency peg at breaking point, but it may already have run out of the hard cash firepower it needs to tackle these problems.The heavily indebted country faces hefty bond repayments coming up in March and April, when $1.34 billion (1 billion pounds) and $842 million of interest and principal respectively come due.Analysts expect the central bank to be able to foot the bill, for now, though some in Beirut..