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Maronite bishops fear 'economic collapse' in Lebanon

August 14, 2012

The bishops of the Maronite Catholic Church have issued a warning that Lebanon risks an “economic collapse,” akin to the crises that has struck Greece.

The Maronite bishops said that the country’s massive debt problem, aggravated by an energy crisis, threatens to paralyze the economic system. The bishops encouraged bankers to be prudent in extending credit to the government, taking care not to dry up the credit necessary for the continued functioning of the private economy.

The bishops issued their statement of concern just weeks before the scheduled visit of Pope Benedict XVI to Lebanon. That visit has already raised some concerns because of fears about the nation's security, tied to the escalating violence in neighboring Syria.


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  • Posted by: Defender - Aug. 14, 2012 11:31 PM ET USA

    For so many years, Lebanon was virtually occupied by the Syrian military. With the violence in Syria today, Lebanon faces another type of occupation. What hasn't really entered into the conversation is the type of government that will replace the current ones in Syria and, then, Lebanon? If Eqypt and Iraq are examples, both countries very probably will fall into the sway of fundamentalist Islam.