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Starved of dollars and drowning in debt, Lebanon's economy sinks fast
by Eric Knecht and Ellen Francis
Reuters Translate This Article
21 March 2020
On 21 March 2020 Reuters reported:
After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales were plummeting, clients couldn't pay, and the dollars he needed to buy imports had dried up. Now he drives an Uber. Businesses such as Hamdan's have been shutting at a rapid rate since a financial crisis exacerbated by months of political instability has brought much of Lebanon's economy to a halt.
Global Good News service views this news as the failure of modern government systems.
Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.
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