Lebanon: The Background to the Banking Crisis of the Century

Lebanon: The Background to the Banking Crisis of the Century

The Central Bank of Lebanon has again authorized private banks to freely deliver Lebanese pounds, but still no dollars. This exchange control is illegal in law because it has not been validated by Parliament. Several large companies have already filed an application for interim relief before the courts. The wheat, oil and medicine import sectors…

Does Israel Believe a War with the Axis of the Resistance Will Be Just a Walkover?

Does Israel Believe a War with the Axis of the Resistance Will Be Just a Walkover?

“There is no alternative to war. One day it will be war on a large scale”. This is what one of the decision-makers within the “Axis of the Resistance” has said with confidence. However, the timing may not be as close as repeatedly advertised by Israeli Prime Minister Benyamin Netanyahu, despite signs to the contrary….

What have the US and Protestors in Lebanon Achieved over Iran and Its Allies?

What have the US and Protestors in Lebanon Achieved over Iran and Its Allies?

For several weeks now, much of the Lebanese population has turned on the country’s traditional political leaders and wrought havoc on the corrupt domestic political system. Those who have ruled the country for decades have offered little in the way of reforms, have paid little attention to the infrastructure, and done little or nothing to…

The Explosion in Lebanon has been Delayed: Until When?

The Explosion in Lebanon has been Delayed: Until When?

Europe is concerned about the Lebanese political crisis and its potential spillover consequences in case of a civil confrontation. Even if the European states do not have differing strategic objectives in Lebanon from the US, a civil war will affect Europe directly, as refugees will be flocking from the neighbouring continent.  Reaching an agreement over a new…