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Neutrality, reform needed to rescue Lebanon’s economy

Lebanon’s economy is collapsing and the only thing that can save it is a new government that keeps Lebanon neutral in the Syrian war and implements economic and administrative reforms.
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A political crisis is gripping Lebanon. It has almost completely paralyzed the constitutional institutions and is affecting the economy and the country’s social fabric. The decline is no longer confined to public finances and public debt, but for the third year in a row the fiscal deficit has grown alongside a rise in the debt-to-gross domestic product ratio. The decline is affecting citizens’ finances and standard of living.

The slow economic growth, the political crisis resulting from the inability of the politicians to reach a minimum understanding to spare the country the effects of the regional war in Syria and the spread of corruption and mismanagement are impoverishing the Lebanese, eating away at their wealth and pushing them to emigrate, in addition to exacerbating the structural imbalance of the social and economic environment.

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