The rise and fall of a tribal economy

An-Nahar

Austerity measures are underway in Lebanon. Fiscal reforms are much needed to ease the treasury by reducing the deficit. It will work in the short term. However, in the long term, they will not be enough. The Lebanese economic infrastructure needs overhauling. After all, even deficit financing would have worked if the Lebanese economic machine was functioning.

From: An-Nahar FULL STORY