Death Threats Against Central Bank Governor
Runaway inflation, frozen bank accounts and state bankruptcy. The Lebanese have begun to hate Riad Salameh, head of the country’s national bank, who has subsidised the import of foreign goods for decades, while leaving the domestic economy to rot.
Lockdown Puts Italian Banks Under a lot of Pressure
Despite rescue packages and government loans, economists fear that Italian banks in particular face a wave of loan defaults. But the Italian Banking Association believes that the country’s banks and businesses are much better prepared for a ‘short-term shock’ this time.
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The Crisis has Made the Communal Task a Specific one
Just a few months ago, coronavirus and Covid-19 were things only a few of us had ever heard of. Suddenly, they were here, and our lives changed in a way none of us had ever experienced before and in a way we could never have imagined.