Lebanon is the best failed state in the world!



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Under the title Lebanon, the best state in the world has failed! "It is true that Lebanon is fearing a reduction in its credit rating this month and is looking to postpone the release of Fitch and Standard & Poor's reports after Moody's downgraded its start rating year of B- to Caa1 ", wrote Violet Gazelle in Arab Economic News. . The three agencies control 95% of the market that ranks governments and businesses around the world in terms of debt repayment capacity.

A week ago, it was reported that the competent authorities in Beirut had asked officials of both agencies to postpone their provisions beyond the 23rd, date of the Standard & Poor's report. He also reportedly received a positive response in anticipation of improved conditions and climate. But does Lebanon help in the face of internal tension exacerbated by the Qabrishmoun incident that prevented government meetings for more than a month? And how can Lebanon reconcile its fear of reducing its credit rating and its economic and social impact as well as its role in putting in place obstacles to political easing as long as it is unable to provide the elements of economic stability?

The "divorce" that exists today between the government and its people was not expected. Those who fought, together and in solidarity, tried to change the electoral law to ensure that they reached the bar of the government, the result of the efforts of the parties to share the wealth of the country while preparing the Lebanese. to an economic recovery that would be at the heart of the Cedar Conference and its billions. Did the Qabrishmon incident trigger a power struggle between the First and Third Presidents? Or the differences in quotas that have already begun to be distributed to the crews of "new investors" in the context of a privatized privatization of the electricity sector?

There is a lot of discussion about what is going on behind the scenes in the preparation of transactions and commitments dedicated to users and accountants of surveyed respondents with no history or audit experience. There is considerable concern about what can happen to the country's situation in the shadow of a vague horizon that remains unsatisfactory for the business climate and, as a result, an international community, donor or observer , complains of "objective" judgments issued by specialized agencies that implicate debt-at-risk measures, on government bonds, increasing as risk increases or decreases.

Meanwhile, there is no doubt that the possibility of downgrading Lebanon to C will not be in the interest of the economy, the citizen and even the state. Lebanon's financial rights remain substantial despite the $ 2.5 billion payment made in April and May without the issuance of Eurobonds by the Bank of Lebanon and have a positive impact on the growing public debt. .. But the Authority will Paralyzed the Bank of Lebanon to carry out the process of payment of the remaining $ 16 billion? Does he bear only the reimbursement fee after the withdrawal of the banks, then request an account?

Only the image and credibility of Lebanon in international fora are taken into account. This is what Lebanon can not control or intervene because printing generates judgments after study and observation. And what the media and local social networks convey adds to the fact that foreign journalists and correspondents get directly into the "field" to create feelings and information that "Lebanon is the best bankrupt country in the world. world".

This is a speech made last Saturday by the British weekly The Spectator, journalist Paul Wood, in which scenes from a stay in Beirut concluded that the war was not over. "The warlords are still there, competing in SUV convoys shouting sirens, The divisions of war have been frozen by an agreement defining power between the various components (…), which means that It is almost impossible to separate them, even in the most obvious cases of corruption. "

The British correspondent did not go too far from Beirut to find that "a gray blanket of smog suffocates the city and comes from generators due to power outages." Recognizes that the reason is not the Israeli bombing of power plants in 2006, "even if Israel did," but rather a constant reminder to the Lebanese of greed, corruption and corruption. incompetence of politicians. "He noted that successive governments have failed to build new power plants, some are expected to be completed next year," but everyone knows that this will not be enough to meet the strong "He is referring to a joint electrical venture between the politicians and the mafia generator.People ignore it and accept it.Lebanon is unable to produce enough electricity to meet the demand. its needs since the end of the civil war in 1990. "

At a dinner hosted by a British reporter in the presence of a prime minister's advisor, he was looking for answers that could not connect his home to Gemmayzeh to the Internet despite Ogero's efforts. Since the civil war? "Circulates street movements against the inability of the state to perform" minor tasks ", such as waste disposal." But all complainants agree that the Lebanese always find a way to overcome their problems with or without the state. "" We may be a failing state, but we are the best failing state in the world, "he said.

A description of what Lebanon may have, as long as it resolves its fatal crises in the Ministry of Energy's tourism in the Shibrouh Dam and at the invitation of 'the population of Bose- Theresa ".

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