This article was written couple weeks ago, while on a private visit to Lebanon, since, some major political/ economical events took place, and are still taking Lebanese and regional political classes by surprise and puzzlement, fearing a grave war or at least some devastating economical repercussions to the Saudi threats. But Lebanon was always unkind to its own fate , and its politicians classically and more so presently were always and continue to be as careless and selfish, with various loyalties to variable foreign powers, rather than Lebanese interests .
While Lebanon may avoid a crash, or keep on creeping toward an uncertain future, an opaque one at best, politicians and policy makers, war lords and militia leaders, will continue their policies of temporary measures, and personal excessive spending and dept refinancing. Accompanied of course with and equally excessive rate of corruption all through the government hierarchy from the very top to the bottom .
All still hoping and betting on a surely fading Arab and international interest in financing some of Lebanon's needs or even just coming to its rescue when in deep crisis. Lebanon indeed appears to be headed toward some social and existential extreme difficulty, but the most inflicting to its survival would be an economic and monetary collapse and bankruptcy. Maybe that's exactly what some internal and external powers want and look for, for a permanent change of the country's geography and mapping.The past history of attracting quick financial aid and ample capital, whether Arab or international to address various crisis, is surely coming to an end .
Relying on temporary tactics, like the appreciation of the Euro bonds market, or a surge in the gold prices, have been so far helpful and favorable to the Lebanese currency stability and the central bank. But the strategic economic challenges are as grave and persistent, and more so with a looming Saudi and Arab monetary boycott .
Yet the political elite and the power princes , do not seem willing to actually reform the system or their visions of the country, though it is serving their own interests in clear and obvious ways, they are all satisfied buying time, through little temporary economical tactical gimmicks, and profiting and making use of some regional crisis, like the Syrian refugee exodus, or an eventual Syrian reconstruction opportunity, or playing some divides like the Saudi/Iranian/Israeli/American differences of political views and interests .
While Lebanon may avoid a total crash as a result of this reliance on temporary measures, and by eventually exploring and sharing some of its natural gases and oil reserves in the Mediterranean sea, equitably over all its citizenry. One thing remains a constant, the country's policy makers and war lords are morally and intellectually bankrupt, no sincere interest what so ever in any social development, nor saving the economic system, or getting out of a feudal religious sectarian mentality and application.
All my thanks as always for your continuing persistence in reading the blog .
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