This article, written by Dan Azzi and published on the Daily Star, has created a lot of buzz in the Lebanese sphere and got people talking a bit more about possible solutions.
At the root of the economic grievances fueling Lebanon’s mass protests lies what looks like a regulated Ponzi scheme. The problem will not be solved by a change of government – even with a Cabinet of experts – or by injections of capital from friendly Arab states: It will require tougher measures, including a compulsory haircut for many of the country’s richest citizens.
Dan Azzi
You can read the full article here.
Financial Education in Lebanon 