http://www.albawaba.com/syrian-crisis-drags-lebanon%E2%80%99s-economy-417035
Al Bawaba is a website that "prides itself on providing first-rate coverage of the Middle East from a local perspective," according to its About Us section. I believe that this website is actually from the Middle East because they have some things written in what I think is Arabic and they have a variety of different articles about the Middle East. They also have a weather section that tells current and near-future weather predictions. There is also a section that gives news specific to each country within the Middle East.
The article talks about how the Syrian crisis has affected Lebanon's economy. The main places that have been affected are tourism and banking. Trade has also gone down because many of Lebanon's trade routes pass through Syria, and they are being heavily taxed by the Syrian government. Lebanese banks have about $500 million invested in Syria, and because the value of the Syrian pound (their currency) has gone down, the banks have suffered because of it. The article basically says that if the Syrian crisis worsens and becomes complete chaos that obviously Lebanon's economy will take a hit because they are neighboring countries.
This is just all the more reason to get Syria's conflict over already. I'm surprised that Lebanon hasn't done much to intervene or talk to Syrian government to resolve the problems because they are neighbors and they are being affected by it. Obviously tourism is going to decline because who wants to visit a place that they would have to worry about rebels attacking nearby? It is interesting though that all of the Lebanese banks operating in Syria currently said that they were not going to abandon Syria any time soon despite all of the craziness that is going on. I think this is good of Lebanon because having the banks there will help to somewhat stabilize Syria's economy and rebuild it if/when the crisis is ever over.
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