Lebanon slides deeper into turmoil as currency plunges, protests flare

June 12, 2020 - Beirut, Lebanon, Asia, Middle East - The Lebanese currency is at record lows and protesters have taken to the streets across the country as the impact of its financial crisis deepens. Yet instead of charting a way out of the crisis, critics say the country's sectarian elite this week doubled down on the failed politics of the past, ramming through a series of top-level state appointments based on a political carve-up instead of competence. IMF talks are meanwhile going nowhere fast as the government and the central bank row over losses in the system.
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