Home Editorial We are under attack


We are under attack

Lebanese banking sector under attack from international forces

by Yasser Akkaoui

Whether or not the accusations against Lebanese Canadian Bank are true, whether or not there is substance to the rumors that there is a list of banks yet to be targeted, we have to assume that doing business in Lebanon is now fundamentally different than it was just months ago. And not only is the timing of the attack no mistake, but the cause is unmistakable.

What is happening is an external response to our internal politics. It is the price we pay for Hezbollah and company taking over at the helm of government. The surging growth in business and commerce — the economic hiatus from reality we proudly took for granted over the last several year seven while the rest of the world was thrashing in crisis — is over. Now, with our heads out of the clouds, we are only just beginning to realize that we may not have a parachute.

We do not know who pulled which strings in Washington to spur the US Treasury’s accusations, and we do not know their next move, but what is certain is a central pillar —  that spared our country the economic collapses seen elsewhere in recent years — is now being threatened.

No amount of honest dealing can make up for the Western perception of our new government and the repercussions of such. The private sector has gone through a blissful period of disassociation from political turmoil, but that period is ending and without conscious acceptance of this and efforts to counter it, we will all suffer the consequences.

Should we be lax in countering this threat, it is the Lebanese men and women who have done their best to build businesses for this country, indeed to build this country and spur prosperity while government has lain comatose, who will pay the price.
 

Support our fight for economic liberty &
the freedom of the entrepreneurial mind
DONATE NOW

Yasser Akkaoui

Yasser Akkaoui is Executive's editor-in-chief.
--------------------------------------


View all posts by

You may also like