Jonathan Spyer: Iran and Hezbollah “Swallowing Up Lebanon”
Spyer began with a “whistle-stop tour” of the “very, very dire, social and economic situation in Lebanon.” The Lebanese pound has lost 90% of its value in the last 18 months. Chronic shortages of fuel have reduced the capital to about two hours of electricity per day, forcing businesses and even hospitals to “scale back or shut down.” According to…