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Lebanon on wrong economic track

Lebanon is trying to fix structural economic problems by raising taxes, which will make matters worse.
A protester carries a piece of bread and an anti-government banner during a Hezbollah-backed protest against the government's economic reform programme outside the tax office in Beirut January 9, 2007.   REUTERS/Jamal Saidi (LEBANON) - RTR1L0JU
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Lebanon today stands on the edge of upheaval. The matter is not about the spilling over of the terrorist bombings from the Syrian war, nor even about another sectarian war in the country.

Lebanon is threatened by a social revolution, the first indicators of which appeared just days ago, in protests that swept the streets and paralyzed the country. Parliament and the Cabinet face two bitter choices: either agree to the unions’ demands and raise their positions and salaries, bringing disaster to the Lebanese economy, or refuse to bow to street pressure and preserve what’s left of the economy, but trigger a popular revolution.

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