Monday, August 14, 2006

"The Lebanese were angry that the United States administration appeared to be heartless during four weeks of Israeli attacks that killed 1,000 citizens, wounded 4,000, and displaced 1 million people. The economic dimensions of the catastrophe were as devastating to Lebanon as the human loss: After 17 years and tens of billions of dollars in expenditure, Lebanon was beginning to return to a pre-1975 situation, but Israel has caused massive destruction to the country's physical infrastructure and to private property. This has practically sent Lebanon back to square one, with future costs of untold billions of dollars, plus a sharp decline in economic activity, including the loss of over $2 billion in tourism revenues."