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Home News The Euro Economy

Lebanon’s economic crisis endures, as does the EU’s ‘fear’ of refugees | Migration News

NEWSROOM by NEWSROOM
May 25, 2024
in Economy
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Lebanon and the Lebanese people are still suffering a debilitating economic crisis that has gripped the country since 2019.

The pound has plummeted to less than 10 percent of its value before the crisis, savings have disappeared both in terms of exchange rates and actual deposits as banks announce they have no cash to release, and more and more people worry about simply staying alive.

About 80 percent of the population is below the poverty line and 36 percent is below the “extreme poverty line”, living on less than $2.15 a day.

A recent…



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