Lebanon’s economic problems have been building for years. A nation of 5.4 million on the Mediterranean with a variety of religious sects and large groups of Syrian and Palestinian refugees, Lebanon has long suffered from internal conflict and spillover from the wars afflicting its neighbors. Its historically weak government has relied on increasing amounts of debt to pay its bills, while failing to carry out reforms that could have bolstered its economy or unlocked international aid. That has made it the third most indebted state in the world, and rampant corruption has further siphoned funds from state coffers.
Not once in the article does it mention Hezbollah's strangehold on the country and its fealty not to Lebanon but to Iran.
The government led by Hassan Diab will not succeed in rescuing the Lebanese economy as long as its touted reforms are tailored to suit the needs of Hezbollah and its regional allies – and as long as the Prime Minister’s No 1 priority is to remain in power at any cost. This government is essentially a fig leaf for a coalition of political parties led by Hezbollah, an entity that is loyal to the Iranian regime in Tehran.
With Hezbollah being an important weapon in its arsenal, Tehran has two objectives that it is determined to achieve in Lebanon. First, it intends to help consolidate Hezbollah’s dominance over the country by overturning its banking system, market economy, political system and the constitution. Second, it hopes to eliminate all possibilities of a popular uprising demanding reform and accountability, as this could not only topple the corrupt ruling class in Beirut but also expose Hezbollah’s power structure to major risks – a red line for Tehran.
It is clear to all sides that there is no way to rescue Lebanon from collapse except through serious negotiations with the IMF, which would unlock external funds conditioned on serious reforms.
Hezbollah has rejected Beirut’s co-operation with the organisation except on its own terms, endorsed by President Aoun and Mr Bassil; the latter is known to hold the keys to Lebanon’s energy sector. In other words, this axis is bent on cherry-picking only that part of the IMF’s advice which suits it, while preventing any scrutiny of the government’s books, especially in the energy sector that has bankrupted the state.
The key to foreign aid is clear: serious negotiations must be held with the IMF with a proven commitment to comprehensive reforms – not selective adjustments that overlook certain sectors for political reasons.
Arab editorial cartoonists are also clued in to what the New York Times ignores. The caption here says "Hezbollah's weapons drag Lebanon's economy into the abyss."
Iran is holding Lebanon hostage, and that includes the economy. It is astonishing, although not surprising, that the New York Times does not want to even give Hezbollah's role in Lebanon's problems a passing reference.
(h/t EBoZ)
We have lots of ideas, but we need more resources to be even more effective. Please donate today to help get the message out and to help defend Israel.
This blog may be a labor of love for me, but it takes a lot of effort, time and money. For 20 years and 40,000 articles I have been providing accurate, original news that would have remained unnoticed. I've written hundreds of scoops and sometimes my reporting ends up making a real difference. I appreciate any donations you can give to keep this blog going.
Fighting Iran
-
Dry Bones Blog Golden Oldies, now coming to you by Sali, the LSW (Long
Suffering Wife)
Israel continues to fight Iran!
Praying that our soldiers be pro...
Iranian Jews stay at home, fear vigilante violence
-
Iranian Jews have gone to ground, staying off the streets. They fear mob
violence – angry citizens taking revenge on them, Ynet News reports:
Homayoun Sa...
Israel is Killing Gaza With Obesity
-
In 2015, a decade after Israel had withdrawn from Gaza leaving it, as
terrorist apologists in the media insisted, an “open-air concentration
camp”, we...
Israel’s enemies drink their own Kool-Aid
-
Israel’s enemies, on the other hand, see self-criticism as a weakness – it
is a source of shame to have anyone publicly contradict what the government
says...
Steve Kramer: The inevitable war against Iran
-
[image: Steve Kramer: The inevitable war against Iran] Steve Kramer: The
inevitable war against Iran Preface: We’re among the hundreds of thousands
of Isra...
One Choice: Fight to Win
-
Yesterday Israel preempted a potentially disastrous attack by Hezbollah on
the center of the country. Thirty minutes before launch time, our aircraft
destr...
Closing Jews Down Under Website
-
With a heavyish heart I am closing down the website after ten years.
It is and it isn’t an easy decision after 10 years of constant work. The
past...
‘Test & Trace’ is a mirage
-
Lockdown II thoughts: Day 1 Opposition politicians have been banging on
about the need for a ‘working’ Test & Trace system even more loudly than
the govern...