Forced fiscal loosening in a world already swamped with debt and heading into another downturn may unnerve creditors and bond holders, especially those holding government debt as an insurance against recession and a haven from volatility.
Saad Hariri, who became prime minister for the second time less than a year ago in a government of national unity, cited the dominance of Lebanon by Iran and its ally Hezbollah and threats to his life as being behind his decision to resign.
Lebanon has the world's largest per-capita concentration of refugees. When Syrian activists planned a demonstration in Beirut to “defend the rights of Syrians in Lebanon,” the authorities slapped a ban on protesting across the board.
The popular uprising in Egypt is unprecedented as citizens forced an end to President Hosni Mubarak's 30 year regime. The transition to a democratic government will be fraught with challenges. What does democracy look like in the Middle East?
The World's Aaron Schachter reports from Beirut on the spectacle of Lebanese weddings, as many Lebanese couples are willing to spend big, making a point of enjoying the big day despite the country's unstable politics and poverty.
The World's Aaron Schachter reports on former US President Jimmy Carter's visit to Syria today; the former president has angered the Bush Administration and their Israeli government by meeting with leaders of Hamas.
The World's Aaron Schachter tells how Lebanon's political mess just got murkier: Lebanese officials have shut down a Hezbollah-linked communications network, following charges that it was spying on Lebanese opposition politicians.