0:00 Intro
2:22 Paralysis
11:01 Utter Incompetence
14:24 Waiting Game
17:13 Balance of Payments
22:35 Public & Private Debt
26:52 Banking Sector
34:18 Public Sector
42:11 Assistance without Reform
45:54 Threat of Violence
We're with Amer Bisat for Episode 227 of The Beirut Banyan.
Click to watch:
https://youtu.be/tiMYIRS_BbM
We discuss his recent Carnegie / Dispatch piece 'The Tragedy of Doing Nothing' and the ongoing political and economic paralysis eroding Lebanese society.
Our conversation includes political class incompetence, nonchalance and a mismanaged hard landing collapsing the economy by stealth.
We also look at fears of political and economic breakdown resulting in inter-communal violence, and compare the current situation to previous factors that led to civil strife.
Amer is a senior fund manager at a global asset management company and a former senior economist at the International Monetary Fund.
The article referred to in this episode is linked below:
https://carnegie-mec.org/diwan/83012
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Music by Marc Codsi. Graphics by Sara Tarhini.
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