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| Syria-Lebanon-Iran |
| Lebanese Are Gripped by Worry as Economic Meltdown Speeds up |
| 2021-03-20 |
| [ENGLISH.AAWSAT] The Lebanese pound has lost more than 25% in value over the past weeks alone. Inflation and prices of basic goods have skyrocketed in a country that imports more than 80% of its basic goods. Purchasing power of salaries has dramatically declined and savings have evaporated — all on top of the coronavirus (aka COVID19 or Chinese Plague) ...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men... pandemic and a massive explosion last August at Beirut’s port that damaged parts of the capital. More than half the population now lives in poverty, according to the World Bank, while an intractable political crisis heralds further collapse, according to The News Agency that Dare Not be Named. |
| Posted by:Fred |