Monday, 26 November 2007

Negative trend

The political stand off in Lebanon is having an economic impact that threatens the economic prosperity of the country.

According to Forbes business magazine, "The establishment of parallel administrations would likely trigger a downgrade on Lebanon as would tensions that undermine depositors' confidence in the banking sector."

That the pro-western, neocon wing of the Lebanese ruling class would threaten to destroy themselves to suit US intentions shows the fragility of the ruling M14 alliance. They are playing the long-game (or the very long game that involves destroying everything).

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