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9. AN EFFICIENT LEBANON

A. SOUND PUBLIC FINANCES

A

B. REFORMING THE PUBLIC ADMINISTRATIONS

B

C. NEW ENERGY POLICIES

c

D. WATER RESOURCES POLICIES

d

E. WASTE MANAGEMENT POLICIES

E

F. TELECOMMUNICATIONS POLICIES

F

G. PUBLIC TRANSPORT POLICIES

G

H. HOUSING POLICIES

H

I. PUBLIC HEALTH POLICIES

I

J. RETIREMENT POLICIES

J

K. EDUCATION POLICIES

K

L. SOCIAL POLICIES

L

M. ECONOMIC POLICIES

M

A. SOUND PUBLIC FINANCES

A

B. PUBLIC ADMINISTRATIONS

B

C. NEW ENERGY POLICIES

c

D. WATER RESOURCES POLICIES

d

E. WASTE MANAGEMENT POLICIES

E

F. TELECOMMUNICATIONS POLICIES

F

H. HOUSING POLICIES

H

I. PUBLIC HEALTH POLICIES

I

G. PUBLIC TRANSPORT POLICIES

G

J. RETIREMENT POLICIES

J

K. EDUCATION POLICIES

K

M. ECONOMIC POLICIES

M

L. SOCIAL POLICIES

L

.

Lebanon has become a BANKRUPT STATE plagued with inefficient, corrupt and deficient public services.

Today, The Lebanese State FAILS TO PROVIDE its citizens with adequate ELECTRICITY, WATER, SEWAGE TREATMENT, WASTE MANAGEMENT, EFFICIENT INTERNET, ROAD INFRASTRUCTURE, MASS TRANSPORTATION, MASS EDUCATION, HEALTH COVERAGE, RETIREMENT PLANS, URBAN PLANNING, POLLUTION CONTROLS and PUBLIC RESOURCES MANAGEMENT


The Republic of Lebanon has accumulated US$ 77 BILLION OF NATIONAL DEBT.

Its debt GROWS BY ANOTHER US$ 6.5 BILLION EVERY YEAR, US$ 2 Billion of primary deficit and US$ 4.5 Billion of debt servicing.

The DEBT burden of Lebanon has become unbearable and is now OUT OF CONTROL.

Every Lebanese citizen owes US$16,382 and sees his debt increase by US$ 1,382 every year.

 

LEBANESE BANKS ARE AT RISK OF INSOLVENCY due to their high exposure to Government debt. 40% of Lebanese Banks’ balance sheets are exposed to the Lebanese Government debt through mandatory reserves and Government bonds. What caused the bankruptcy of the Greek and the Cypriot banking systems was their high exposure to the Greek Government debt. The Lebanese banking system is in a similar situation today.

.

The LEBANESE INDIVIDUALS’ SAVINGS ARE AT RISK to their high exposure to the Lebanese PUBLIC DEBT and the LEBANESE BANKING SYSTEM through bank deposits.

.

The Lebanese economy ONLY survives thanks to the US$ 6 to 8 Billion that LEBANESE EXPATRIATES transfer back to Lebanon every year and the hundreds of millions of US$ that FOREIGN COUNTRIES HAVE DEPOSITED WITH THE LEBANESE CENTRAL BANK, creating a dangerous situation of dependency on foreign countries’ policies.

.

The combination of a real estate crisis, the absence of foreign tourism and investments from the GCC countries and a downturn in economic activity is driving the banking system towards a Liquidity crisis that could have devastating effects.

IT IS URGENT TO ACT TO PREVENT A MASSIVE FINANCIAL CRISIS AND AN ECONOMIC DISASTER.

 

LEBANON CAN, SHOULD AND MUST BE AN EFFICIENTLY and PROPERLY MANAGED COUNTRY