Maronite bishops fear 'economic collapse' in Lebanon
CWN - 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.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach five million Truth-seeking readers worldwide this year. Thank you!
Progress toward our March expenses ($26,147 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!
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.