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Lebanon's Economic Crisis Reaches A Boiling Point

Lebanon's Economic Crisis Reaches A Boiling Point

Newsy
Friday, July 09, 2021 01:31:33 PM UTC

Experts say the country is running out of time to prevent a failed state.

Long lines for fuel. Daily power outages. A lack of medical supplies. Lebanon is on the brink of collapse, and begging for help.  “Never in our wildest dreams did we think the people of Lebanon would face such dark days. We are living our worst nightmare," said Ali Hamadi. Situated between Syria and Israel, the threat of Lebanon becoming a failed state looms large — especially for the U.S. Lebanon’s economy is in crisis, with the nation’s currency having lost almost 90 percent of its value. 
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