Western powers trying to rescue Lebanon’s teetering economy have given the country’s leaders an ultimatum: there will be no bailout except they form a credible government to overhaul a bankrupt state — and do it quickly.
Huge protests erupted against the ruling elite last year as people blamed them for looking after vested interests while national debts mounted. The pandemic further strained resources and a huge port blast in August destroyed large areas of Beirut.
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