Saturday, Oct 25, 2008
Lebanon – politically, a Rolls-Royce without wheels – manages to make ends meet
Robert Fisk Independent via TS: Financial doom and gloom is everywhere – except Lebanon
Beirut's Blombank has just boasted a record 34 per cent rise in profits in the first three quarters of this year. The chairman of Audi Saradar Bank, who happens to be minister for the displaced in the Lebanese government, says that Lebanon is expected to record its highest GDP growth in many years. House prices continue to soar. And this in a nation that suffers a $45.5bn public debt. So out came the little leather-covered Fisk notebook this week to garner words of Lebanese wisdom from the men (few women) who know the secrets of the country's financial miracle.
Posted by malct @ 09:57 AM (249 views) Add Comment
2 Comments
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1. Jim said...
Looks interesting, do you have a website source that's not full of conspiracy bllocks.
2. malct said...
of course Jim the link is at the foot of the page
but it's only the UK Independent some would say that if's full of conspiracy boŁŁocks also