Many in Lebanon can't access their life savings because of the economic crisis. A hostage-taker in Beirut surrendered in exchange for some of his funds, which he needed for his father's medical bills.
's Leila Fadel that last week's incident was both symbolic and a symptom of the broader economic meltdown.
"The reason I say that is because the next day, if you're a depositor that had money and hard currency, nothing changed for you," he adds. Rajeh says his family's income and purchasing power have diminished, so they're spending more on things like running water, electricity and medical insurance than they have in the past. The bills have increased in two ways, he adds: They're paying more for less.
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