No easy solution for Lebanon
The Arab Daily News
By Ghassan Michel Rubeiz
Lebanese President Michel Aoun is expected to announce next week his choice of a new prime minister designate. Who is willing to assume the task of forming a cabinet to address Lebanon s huge problems? There is talk about the possible designation of Najib Mikati, a former prime minister with moderate views and a business orientation.
Politically and economically, this small country has fallen off the cliff. The state is bankrupt. Private banks and their clients are in big trouble; local currency has lost 90 % of its value against the dollar. There is famine looming, high unemployment, and severe shortage of medicine, fuel, and electricity.There is famine looming, high unemployment, and severe shortage of medicine, fuel, and electricity.
No easy solution for Lebanon
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