The cost of insurance on Lebanon's debt passes to a level of measurement Battalions

The cost of sovereign debt insurance in Lebanon reached a record low on Friday, said Reuters after President Aoun warned international institutions that could impose severe financial measures unless sacrifices be made to save his country from the economic crisis.
ICSM data showed that five-year Lebanese credit risk swaps reached 990 basis points, 33 points higher than Thursday's close.
Thursday, President Aoun apparently raised the possibility that Lebanon should resort to the help of the International Monetary Fund (IMF) if the reform efforts of the government did not produce enough public finances.
On the other hand, in response to the mistake, which was denied by the Office of Information of the Presidency of the Republic, according to what was reported in the Reuters news and issued the following statement: "The agency "Reuters" in a London short story, words misinterpreted remarks made in the speech of His Excellency President Michel Aoun The ceremony of graduation of officers, about the sacrifices that the Lebanese should make to help stimulate the national economy.
That the information office in the presidency of the Republic categorically denies that the President of the Republic evoked in his speech "the possibility of using the badistance of the International Monetary Fund if the reform efforts deployed by the government to improve the state's public finances "sufficed, according to the new" Reuters "And warns against the consequences of the dissemination of such information fabricated, especially from" Reuters "the latest repercussions negatively on the sovereign bonds of the Lebanese State and the cost of insurance.
The Presidency's information desk reiterates that its speech yesterday aimed in its speech to ask the Lebanese without exception to gradually sacrifice their gains and to give up some gains so as not to lose everything in order to cope. the serious economic, financial and social crisis that has known the country. The words of the president have nothing to do with what Reuters has managed to draw from his erroneous conclusions. "
Noting that President Aoun's speech warned of the consequences that severe financial measures could impose on international institutions, unless sacrifices were made to save his country from the economic crisis.
"Lebanon is going through a serious economic, financial and social crisis, some of which have been imposed by the wars of the region and the global economic situation.Others are the result of years of accumulation. mistakes, but we are able to overcome them and save the homeland if we are determined to do so without exception, to succeed the rescue operation, if we do not sacrifice today and all are willing to give up some of our gains, we risk losing everything, when our country is at the table of international lending institutions and difficult economic and financial plans that can be imposed on us.