How is Lebanon getting ready for the International Financial Crisis?

[Abou Sandal]

International Financial Crisis?

You need first to be an integral part of the worldwide economic system to get affected.

And Lebanon is not even on planet earth,for it to be affected by any International Financial Crisis.

lol.

[Saladin]

Originally Posted by Abou Sandal

International Financial Crisis?

You need first to be an integral part of the worldwide economic system to get affected.

And Lebanon is not even on planet earth,for it to be affected by any International Financial Crisis.

lol.

Well Lebanon had his share from the global inflation. And this crisis will definitley affect the money comming from lebanese abroad, not to mention tourism.

[Dry Ice]

An important point is the effect of the international crisis on the Lebanese debt and the ability of the Lebanese state to further swap its debt or obtain new credit..

[TmeniAzar]

Originally Posted by >Watani<

مصرف لبنان لا يستطيع أحد أن يهزّه لأنه أفهم وأحرص على الإقتصاد والمال أكثر من أي أكبر رأس في أميركا وأوروبا. كل ما حصل هو بسبب الرهن العقاريّ، وهذا عن غباء وإصرار وتصميم الأميركيين! لم يطبقوا القوانين المالية التي وضعوها، وحده لبنان كان يسير بالإتجاه السليم ومازال. حاكم مصرف لبنان توقعّ هذا الإنهيار مع بداية 2008، وهو يضع قوانين قاسية على المصارف اللبنانية ويجبرهم على التعامل مع عدد من البنوك في الخارج، حتى في البورصة، فهو يحددّ لهم الأسواق

It all boils down to where is the money invested, if the lebanese banks invested in the US market like most the banks all over the world then they will be affected and they will affect the central bank, if not then we are safe.

[Aoune]

In reality believe it or not the Banks in Lebanon are immune because the Central Bank has banned them from buying junk US bonds and also selling short stocks. This is why the Lebanese economy in general will not be as hit as others such as England . Yet with this said because companies in the US that are American are closing or maybe there subsidiaries in Lebanon will close thus unemployment will go up by a little.

[Venom]

Beirut market ends down 4.98 % to 1,635.06 points. The 'A' share of heavyweight Solidere plunges 7.12% to $26.07 while its 'B' share plummets 7.49% to $26.06. "The fall is due to the worsening of the global financial crisis with some traders panicking and starting to sell but trading is at a low volume which means the effect of the crisis isn't wide-ranging," says Samer Feghali, trader at FFA Private Bank.


ready for the big fall in Lebanon also?

[dodzi]

Originally Posted by Venom

Beirut market ends down 4.98 % to 1,635.06 points. The 'A' share of heavyweight Solidere plunges 7.12% to $26.07 while its 'B' share plummets 7.49% to $26.06. "The fall is due to the worsening of the global financial crisis with some traders panicking and starting to sell but trading is at a low volume which means the effect of the crisis isn't wide-ranging," says Samer Feghali, trader at FFA Private Bank.


ready for the big fall in Lebanon also?

OMG!!! Lebanon is in deep trouble! We must organise a Paris IV conference, where the major powers can lend Lebanon money so it could create a bailout plan for Solidere!

[Frisbeetarian]

Just wait till the americans demand the khalijis to put all their money in the u.s. All the investements here will stop and housing prices will plummet.

[Diabolo_7]

DI

you mean the rest of the world is joining us

Cheers

[Dry Ice]

Originally Posted by Diabolo_7

DI

you mean the rest of the world is joining us

Cheers

Some might argue that the world's crisis was caused by the Downtown protest