[usr001]

It was bad financial policy to peg the Lira to the Dollar. It should have been free so that the exchange rate reflect its true value. The lifestyle with all the things you could buy in the country since the 90s at the official 1,500 LBP rate was a big lie; things should have been more expensive.

It was bad economic policy to ignore agriculture and industry, and make everything about tourism and services. So many imports could have been produced locally but weren't. E.g. as it became evidently clear when people couldn't find things like cheese and milk to buy anymore.

> There was no 'corruption' vodoo. Its just debt.

Debt that was spent to do nothing, to build nothing, but to fill the pockets of politicians and their cronies. Through 10 levels of contractors who fix nothing, to 100K new government jobs given in one year to people who don't even know where their offices are...

There was about 80B dollars lost only in the Ministry of Energy, presumably spent to get electricity to people, all now unaccounted for and still no electricity.... Politicians are billionaires, and only their cronies can get the important jobs and the big projects. And on and on...

Yes, there was rampant corruption. Still is. And it had a lot to do with the crisis.