Analytical and prospective document, written on the spot, less than one month after the holding of the Paris 2 Conference (where nearly 3 billions USD were advanced to the Lebanese Government at concessionary conditions and with no conditionality).<\/p>\n
The document replaces the Paris 2 operation in its effective financial and political context, taking into account of the propaganda and the cosmetic simulations.<\/p>\n
It assesses its impacts on public debt, on the Central bank, on commercial banks and on the main macroeconomic aggregates.<\/p>\n
It shows, in particular, the amplification effect that the Central Bank realized with the Lebanese banks and that goes far beyond the strict effect of the Paris 2 operation, underlining the particularities of the behaviours of the international and domestic actors: politicians, bankers and financiers. Paris 2 appears in this perspective as a coordinated international political action (mainly French-Saudi) aiming at a financial rescuing that would preserve the status quo in Lebanon and Syria, and achieved in a narrow and very particular political window, coupled, internally, with a taming action, led by the Central bank, of the banking sector, with a major reallocation of financial risks.<\/p>\n<\/div>\n
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![\"PDF](\"https:\/\/charbelnahas.org\/dist\/vignettes\/pdf.png\")
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