1/ A thread on subsidies and the unfortunate need for it until a total financial and economic restructuring has been completed. (Disclaimer: 40-tweet thread ahead)

2/ 17th of October 2019 , Lebanon witnesses the start of a revolution, people took to the streets to express their anger and frustration towards a political class they deemed corrupt and inept at governing.

3/ Little did they know the depth of the hole this class had put them in, little did they know the real scope of the squandered funds they oversaw.

4/ None of them even thought for a second, that a systemic looting was happening under their nose, one that used their own life savings.

The road to restructuring will be long and hard, whenever the country actually takes it.

5/ We know that we will need to muster all the assets we have, tangible and abstract. We know we will have to sacrifice a lot more.

But we also know that a total collapse due to the retraction of subsidies might make the situation irrecoverable, and cause unimaginable pain.