Visiting Austrian chancellor says Vienna ready to help rebuild Beirut port
Austrian Chancellor Karl Nehammer met Thursday with President Michel Aoun after visiting the blast-hit Beirut port, telling reporters that Austria is willing to contribute to its reconstruction once a reform-minded government is in place in Lebanon.
"Austria offered to support Lebanon to rebuild the harbor with other EU member states because the harbor is important, especially with the (current) food crisis," he said.
Lebanon's cash-strapped government has not yet put in place a reconstruction plan for the heavily damaged port. Over a year ago, a consortium of German firms presented a proposal to rebuild the port, but nothing came of it.
Earlier this year, the Lebanese government contracted a French shipping company to run the ports' container terminal.
14 July 2022, 19:31
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Every long-term project approved while HizbIran control Lebanon will be costing Lebanese and their children over 10 times its actual cost. Simple risk management calculations based on Math equation that anyone can verify.
A peaceful well governed nation can get loans at 2% yearly interest. Political instability increases interest to 6%-10% for same loan. In a country controlled by a criminal militia funded by a belligerent country, interest will exceed 15%. No one today will loan Lebanon even at 20% interest.
A loan payable in 30 years costs:
80% more if interest=2%
474% more if interest=6%
1645% more if interest=10%
6521% more if interest=15%
That is why all long-term investments dried up, economy collapsed, businesses and country went bankrupt, and banking system and deposits destroyed. Thanks for Useful Idiots Ghada & Michel Aoun for taking us to hell while protecting Hizb criminal activity, risk to economy, and disabling interest rates.
