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Hussein Ibish

The Country Where the Banks Ran Out of Money

Lebanon depends on its financial industry. Now the new government has to figure out how to recapitalize its institutions or the country may cease to exist.

Najib Mikati

Najib Mikati

Photographer: Anadolu Agency/Anadolu

After 13 months of foundering under caretaker prime ministers, Lebanon finally has a government

That is very good news for a country suffering from the effects of economic collapse, political intransigence, financial malfeasance and the interference of foreign powers. And all that on top of the still mysterious port explosion last year that devastated the capital Beirut.