ELI5: why are people panicking about the collapse of banks and the Lebanese lira

Proposing austerity measures and applying them are two different things...

They cannot pass any measures:
Army - no fucking way... do i need to explain why?

BDL - Try us bitch... seee what we'll do to the liquidity in the market.

Telecom (ogero, etc.) - let's cut the internet for a couple of days. oh you don't think internet is important? huh, try doing business with countries abroad.

Port - oh you wanna touch our salaries? let's stop processing containers, good luck getting food, diapers, medicine, clothes...

You get the gist. The only two things we have going for us are tourism, and CEDRE...

/r/lebanon Thread Parent