Mike Azar
@AzarsTweets
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Commentator on Lebanon’s never-ending financial crisis. International structured and project finance.
Tripoli | Beirut
Joined August 2012
Hi all. I’ve been building something over the past few months that I think many of you will find incredibly useful. If you work in Lebanon, or anywhere you routinely have to read/understand dense, foreign-language documents, you know how painful and time-consuming it is, whether
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Am I the only person in Lebanon who didn't take a selfie with Morgan Ortagus and Lindsey Graham?.
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Need some ice for your lemonade?! .Iykyk💎. Check out our page for more!.
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RT @lorienttoday: 🎥 #Video | Financial analyst Mike Azar (@AzarsTweets) talks to @StephBechara about Lebanon's new bank restructuring law a….
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At this stage, I think it’s worth asking if the Lebanese Army going to be asked to use lethal force to enforce the disarmament plan, and who actually is developing the detailed disarmament plan and will take political responsibility for it?.
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I’m more convinced by my thinking back in November.
An analysis of the ceasefire deal:. The question of who won and who lost this war is not particularly interesting. Each side will claim whatever is in its best interest to claim. The more meaningful question is: what will be its impact on the various actors, particularly in.
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Absurd. What does a “plan” mean in this context? A battle plan? A war plan? Or a plan to ask nicely? Pushing such a consequential political decision on to the Army because political powers can’t agree is irresponsible. This is a sign of deadlock, not progress.
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RT @AzarsTweets: An analysis of the ceasefire deal:. The question of who won and who lost this war is not particularly interesting. Each si….
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I’m a day late. Apparently the full parliament managed to study, debate, amend, and pass the law a couple of days after it came out of committee while it’s taken me several days just to understand what’s in it and what’s changed. Bravo. What an incredible parliament we have.
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An English translation of draft Bank Restructuring Law passed by the Budget & Finance Committee is here.
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One of the most troubling changes in the revised draft Bank Restructuring Law is the removal of key information disclosure requirements, which fundamentally weakens the transparency of the restructuring process. Two critical deletions stand out:. 1. The independent valuator's.
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The problem with putting an amateur in charge is that he doesn’t get the consequences of what he says. Statements like this don’t lead to disarmament, they push every sect, including Hezbollah, to want to arm up even more.
“You have Israel on one side, you have Iran on the other, and now you have Syria manifesting itself so quickly that if Lebanon doesn’t move, it’s going to be Bilad Al Sham again,” he said, using the historical name for the Syria region.
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This government has lost all credibility and trust. It’s time to think of what should come after.
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🎙️New episode of Biotech Bulls and Breakthroughs is live!. John Gagliano and Sheff discuss the latest trends in the biotech market, focusing on key companies, insights from earnings season, and upcoming catalysts.
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RT @riachi_jean: Appointments are dictated by power dynamics and political games, with no regard whatsoever for competence. As far as I kno….
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RT @LauryHaytayan: When the good people like @AzarsTweets feel this way… it means something is WRONG… and something has to start changing @….
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The Lebanese Government is on the verge of appointing a group of (mostly) unqualified political loyalists to the Banking Control Commission, a body that will play an important role in the upcoming bank restructuring process. The nomination process has been deliberately opaque and.
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RT @AzarsTweets: Hi all. I’ve been building something over the past few months that I think many of you will find incredibly useful. If yo….
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But I mainly blame the Lebanese Authorities. Deposit recovery rate could have been more than 50% if action was taken in 2020. Today there’s no chance it can exceed 20-30% in the best case. We still have no path to restructuring the banking system and public debt. Lebanese people.
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Bank Audi paying out the IFC, a foreign investor holding a highly speculative subordinated investment, before it pays its SENIOR creditors (depositors) should be a scandal and cause its brand value to go down to zero. A Bank Resolution Authority would block such a settlement.
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