Reading Time: 4 minutes The July war had many similarities to the outbreak of the 1975 hostilities – most notably in how it began, with a political party dragging the nation into conflict – suggesting that 31 years and $45 billion of (unofficial) public debt later, not much has changed. Lebanon and its government were bypassed in the decision…
When the going gets tough .
Reading Time: 5 minutes There is no doubt that the recent violence between Israel and Lebanon has dented the Lebanese economy to the tune of roughly $4 billion and counting. And even though it is likely that funds for repairs will be made available, the cost in terms of morale – the years repairing damaged homes, factories, roads and…