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Sri Lanka crisis

Broke, downgraded and begging: Sri Lanka pays price for missteps

South Asian nation's economic crisis draws comparisons with Lebanon's meltdown

 People wait in a queue to buy kerosene oil at a fuel dispensing station on Tuesday in Gampola, Sri Lanka.   © Getty Images

BANGKOK -- Sri Lanka's failure to settle interest payments on sovereign bonds and its subsequent ratings downgrade have drawn unflattering comparisons with the economic meltdown in Lebanon.

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