Lebanon to stop paying dollar Eurobonds

Lebanon to stop paying dollar Eurobonds

The heavily indebted state suspended a $1.2 billion Eurobond repayment this month, declaring it could not repay debt with foreign currency reserves falling to "dangerous" levels.. "The government has decided to discontinue payments on all its outstanding $US-denominated Eurobonds" as pressure mounts on "Lebanon's access to foreign currency," the finance ministry said..