Lebanon’s new (and Tunisia’s lack of) government

Lebanon’s prime minister finally managed to form a new government this week and policymakers are quickly facing up to reality of the economy’s woes. A steep devaluation and a debt restructuring are on the cards. Tunisia’s President Kais Saied turned to former finance minister, Elyes Fakhfakh, to try to form a new government this week in an effort to avoid fresh parliamentary elections. If he fails the period of policy paralysis will continue and lead to a sharper economic adjustment down the line.