The Lebanese Economy - Bucking the Global Trend -
Wall Street Journal- Special Lebanese Supplement By Scherzando Karasu “This is a very resilient system, one with truly solid foundations. It is clear that the global financial crisis [has] not impacted Lebanon in any significant way. We have been isolated from [its] impact, and that was not by chance but due to determination and planning.” - Fouad Siniora Prime Minister of Lebanon Despite considerable challenges, Lebanon’s economy has made solid gains. But the government elected on June 7 will need an appetite for reform. The most important characteristic of the Lebanese is their will, determination and capacity to adapt and adjust,” says Prime Minister Fouad Siniora. Few would disagree. Re-emerging from the crippling civil war of 1975-90, Lebanon spent 15 years reconstructing its shattered infrastructure and housing stock, only to have its renaissance checked by a roadside explosion in February 2005 that killed former Prime Minister Rafik Hariri. Eleven subsequent assas...