A political shock throws Lebanon's economy back into crisis:
"Just when things were starting to look up for Lebanon’s economy, a new political crisis threatens to send it crashing down again. Prime Minister Saad Hariri’s shock resignation could unravel the first steps in years toward injecting some cash and confidence in Lebanon’s anemic economy. Already, the crisis is putting at risk multi-billion-dollar plans to rebuild decaying road and electrical and communication networks and get the oil and gas sector moving. Lebanon has long been buffeted by blows from the great-powers rivalry between Saudi Arabia and Iran. But its economy sputtered on under a tacit understanding among the regional heavyweights and their local proxies that left Lebanon on the sidelines of that contest."
'via Blog this'
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