WAS LEBANON THE WORLD’S BIGGEST PONZI SCHEME?

On 9 August, an article in Eurasia Review reported that the World Bank had published a scathing report on Lebanon’s financial crisis and alleged acts of deception that appear to have made the country’s economic collapse inevitable.  The report compares the Mediterranean country’s economic model since 1993 to a Ponzi scheme.

https://www.eurasiareview.com/09082022-was-lebanon-the-worlds-biggest-ponzi-scheme-analysis/

The report can be found at –

https://www.worldbank.org/en/news/press-release/2022/08/02/lebanon-s-ponzi-finance-scheme-has-caused-unprecedented-social-and-economic-pain-to-the-lebanese-people

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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