{"id":2612,"date":"2020-03-07T13:49:01","date_gmt":"2020-03-07T17:49:01","guid":{"rendered":"http:\/\/bambisafkar.ca\/?p=2612"},"modified":"2020-03-07T14:00:40","modified_gmt":"2020-03-07T18:00:40","slug":"it-is-official-now-lebanon-is-unable-to-pay-1-2b-eurobond","status":"publish","type":"post","link":"https:\/\/bambisafkar.ca\/index.php\/2020\/03\/07\/it-is-official-now-lebanon-is-unable-to-pay-1-2b-eurobond\/","title":{"rendered":"It is official now: Lebanon is unable to pay $1.2B eurobond"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"http:\/\/bambisafkar.ca\/wp-content\/uploads\/2020\/03\/EurobondsFinal.jpg\" alt=\"\" class=\"wp-image-2615\" width=\"596\" height=\"196\" srcset=\"https:\/\/bambisafkar.ca\/wp-content\/uploads\/2020\/03\/EurobondsFinal.jpg 578w, https:\/\/bambisafkar.ca\/wp-content\/uploads\/2020\/03\/EurobondsFinal-300x99.jpg 300w\" sizes=\"(max-width: 596px) 85vw, 596px\" \/><\/figure><\/div>\n\n\n\n<p>Eurobonds are external (or international) bonds, which are issued in a currency that is different from that of the issuer (i.e. the country or market issuing them).  <\/p>\n\n\n\n<p>Not surprisingly, Lebanon will not be paying its maturing eurobonds (due on March 9, 2020). In other terms, the government of Lebanon has now suspended a $1.2 billion eurobond payment due on Monday. <\/p>\n\n\n\n<p>What will happen next? Time will tell&#8230;  <\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Lebanon can\u2019t \u2018bear brunt\u2019 of debt, says PM, setting stage for first-ever default\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/-os-Ay9rIlM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Eurobonds are external (or international) bonds, which are issued in a currency that is different from that of the issuer (i.e. the country or market issuing them). Not surprisingly, Lebanon will not be paying its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/posts\/2612"}],"collection":[{"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2612"}],"version-history":[{"count":10,"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/posts\/2612\/revisions"}],"predecessor-version":[{"id":2624,"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/posts\/2612\/revisions\/2624"}],"wp:attachment":[{"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bambisafkar.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}