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Lebanon’s Debt Restructuring Put on Ice as Government Resigns

  • Creditors say their counterparts in debt talks are a mystery
  • Nation defaulted for first time since independence in March
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Lebanon Premier Quits as Blast Anger Builds
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The resignation of Lebanon’s government after last week’s devastating explosion in Beirut threatens to upend any prospect of a debt restructuring deal in the next few months.

Senior officials will continue in a caretaker capacity until a new administration is formed. It’s unclear how long that process will take. The Middle Eastern nation defaulted on about $30 billion of Eurobonds in March. Since then, its talks with the International Monetary Fund for a bailout have stalled.