Keyword: financial crisis

Protests target Lebanon's banks over financial meltdown

By Justine Babin and Nada Maucourant Atallah
A march in the Lebanese city of Tripoli on April 3rd in homage to a demonstrator killed by security forces. © NMA A march in the Lebanese city of Tripoli on April 3rd in homage to a demonstrator killed by security forces. © NMA

In Lebanon, the lockdown to contain the coronavirus pandemic came as the final blow to the Middle East nation’s collapsed economy which has left half of the population living in poverty. Mass anti-government demonstrations which erupted last autumn have now flared up again amid food shortages and galloping inflation. Their anger has now turned on Lebanon’s banks for having acted as the burning fuse for the financial meltdown. Justine Babin and Nada Maucourant Atallah report from the capital Beirut.

'Euro bail outs heading into a wall' warns top French economist

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Demonstrators in Ireland protest austerity plan. © DR. Demonstrators in Ireland protest austerity plan. © DR.

Ireland has introduced its toughest austerity plan in history in return for a debt bail out by the European Union and International Monetary Fund. In an exclusive interview with Mediapart, French economist André Orléan warns such policies are "heading into a wall" and that Europe's "strategic inertia" leaves it "divided and powerless" in face of market pressures. It needs a New Deal, he argues, not austerity.