Lebanese Banking Crisis: The Systemic Workings of a Wreck
Currently losing all its legitimacy on the national and international scenes, the political class continues to cling to power without ever reforming the confessional and clientelist system that caused the Lebanese collapse. This meltdown is deeply linked to the political crisis that has been going on for more than two years. Indeed, the confessional power-sharing system has infected the financial sphere over the decades.
This content is available in French: Crise bancaire libanaise : les rouages systémiques d'un naufrage
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Ifri's Turkey/Middle East Program aims to provide expertise on the trends and developments in politics, societies and economies across the region.
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