Four years after debt default, Lebanon still in impasse. The country is sinking into crisis, further amplified by the war with Israel.
The problem lies in the fact that the restructuring of public debt must be accompanied by that of the domestic financial sector. This other aspect, the banking crisis, involves a distribution of losses of several tens of billions of dollars that the leaders do not want to assume, preferring to impose on the Lebanese in general and on depositors in particular. This results in the progressive disintegration of institutional structures.