Middle East matters

Lebanon's banking sector under pressure as fiscal crisis worsens

MIDDLE EAST MATTERS
MIDDLE EAST MATTERS FRANCE 24
By: Rochelle FERGUSON BOUYAHI | Camille FEVRIER | Sonia BARITELLO | Stéphane BERNSTEIN
13 min

Lebanon's banks and schools were once again closed this week, as protesters resumed anti-government rallies, blocking roads and government buildings. Recent demonstrations have been fuelled by anger at perceived high-level corruption, as the country grapples with a deepening economic crisis. Bank branches were already shut for nearly half of October. Hassan Obeid, Finance Professor at the European Business School of Paris, tells us more about Lebanon's economic crisis.

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Meanwhile, amid ongoing clashes along the Turkey-Syria border, Ankara moves forward with its promise to send captured jihadists back to Europe.

And we tell you why the expiration of a decades-old land deal along the Jordan-Israel border is sparking tensions between the neighbouring countries.

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