Lebanon Stability at Risk Ahead of Parliamentary Elections—Report

The Daily Star

March 31, 2009

Political developments in Lebanon ahead of June’s Parliamentary elections are a serious risk to the country’s stability, Byblos bank said Friday in its weekly report, citing a study by Standard Chartered. …

The study said that Lebanon’s future rests in part on the economic policies of the Gulf Cooperation Council, namely on tourism, construction and remittances by Lebanese expatriates which make up 20 percent of GDP. The study also noted that more than 30 percent of Lebanon’s labor force resides in the Gulf region.

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“We knew at the outset that the task would be difficult. We acknowledged that publicly and privately. We knew this would be a road with many bumps— and there have been many bumps—and that continues to this day. But we are not deterred. We are, to the contrary, determined more than ever to proceed to realize the common objective, which we all share, of a Middle East that is at peace with security and prosperity for the people of Israel, for Palestinians, and for all the people in the region. We will continue our efforts in that regard, undeterred and undaunted by the difficulties, the complexities or the bumps in the road.”—George Mitchell, special envoy for Middle East peace, remarks with Prime Minister Netanyahu, September 29, 2010

Middle East Analysis

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