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Lebanon’s gross public debt
reached $51.6bn at the end of
January 2010 , up 1.1% from
$51.1bn at end-2009 , and
constituting an increase of 9.9
% from end-January 2009.
Domestic debt increase by 16.6%
to $30.4bn , while external debt
increased by 1.5% annually to
$21.3bn.Local currency debt
accounted for 58.8% of gross
public debt at end-January 2010
compared to 55.4% at end-January
2009,while foreign
currency-denominated debt
represented 41.2% of the total
relative to 44.6% a year
earlier
Could
Greek Debt Tragedy Morph into a
Lehman Meltdown Market Crash?
The next
phase of the global debt crisis
could be on the horizon, if
Euro-zone politicians fail to take
swift action, and prevent Athens
from defaulting on its debts. German
banks have $330-billion of loan
exposure to Greece, Portugal, and
Spain, while French banks had
$307-billion of claims, and British
lenders have $156-billion. However,
the European banking Oligarchs, such
as Credit Suisse, UBS, Société
Générale, BNP Paribas, and Deutsche
Bank have a stranglehold on the
public purse, and Euro-zone
politicians readily submit to the
interests of the powerful bankers.
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