Lebanon default fears, Tunisia finally has a government

It is looking increasingly likely that Lebanon’s government will default on a Eurobond payment in March. And while the government is now turning to the IMF to work through its crisis, time is running out to secure external assistance. Meanwhile, Tunisia’s Prime Minister-designate Elyes Fakhfakh unveiled a new cabinet late on Wednesday which seems to have wide-ranging support, thus ending four months of negotiations. But the tough task of restoring macroeconomic stability now begins.