Hezbollah looted Lebanon and it will cost $93b. to bail it out
[Jpost] The economy is in a tailspin, COVID-19 has taken away remittances the country needs, and Beirut is effectively defaulting on bonds, the study notes.
...an Iranian colony situated on the eastern Mediterranean, conveniently adjacent to Israel. Formerly inhabited by hardy Phoenecian traders, its official language is now Arabic, with the usual unpleasant side effects. The Leb civil war, between 1975 and 1990, lasted a little over 145 years and produced 120,000 fatalities. The average length of a ceasefire was measured in seconds. The Lebs maintain a precarious sectarian balance among Shiites, Sunnis, and about a dozeen flavors of Christians. It is the home of Hezbollah, which periodically starts a war with the Zionist Entity, gets Beirut pounded to rubble, and then declares victory and has a parade. The Lebs have the curious habit of periodically murdering their heads of state or prime ministers...
is in the midst of a financial crisis which may not be possible to solve. It has racked up staggering debts and could need $93 billion to bail it out, according to a new report by the Foundation for Defense of Democracies. The economy is in a tailspin, COVID-19 has taken away remittances the country needs, and Beirut is effectively defaulting on bonds, the study notes.
Posted by: trailing wife 2020-08-05