The Trader 

Market Outlook: Millennial Revolution’s first scalp

The Trader

Yesterday afternoon Lebanon’s PM since 2016 (and before that from 2009 to 2011), son of former PM Rafic Hariri who was assassinated in 2005, stepped down saying the situation in his country had reached a ‘’dead end’’. This follows nearly a fortnight of what had originally been mainly peaceful demonstrations across the country, dubbed ‘the revolution of the millennials’ by veteran economist Roy Badaro. Originally started because the government wanted to impose a tax on WhatsApp phone calls, it evolved into protests over entrenched corruption and economic mismanagement. Banks have been closed for 10 days as run is feared.

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