Advertisements
Middle-East, News, Violence in Syria

Syrians cope with profound economic crisis as regime tries to crush revolt


As the Assad regime continues to violently repress the 10-month old uprising, it is struggling to contain the damage done to the Syrian economy. In line with the government’s public statements throughout, the regime is blaming terrorists and foreign conspiracies for the severe economic woes.

The economic devastation has penetrated the lives of multiple segments of society, threatening to erode Assad’s remaining supporters. The economic woes have drawn the $8 billion tourism industry to a halt, resulted in massive inflation, led to a lack of basic cooking and heating supplies, and, due to Western sanctions on Syrian oil exports, the country has lost $2 billion since September.

A steady flow of money from Russia and Iran, however, may keep the economy, and the Assad regime, afloat.

The Washington Post, United States

Click here for the full story

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Advertisements

Debate: Is there a rift between the Prime Minster and the security establishment, and how might it affect his chances of re-election?

Interview: Dr. Einat Wilf, Israeli MP, Chair of the ‘Independence’ faction

The Middle-East ObserverHave you read something that is worth posting on the Middle-East Observer? Send us the URL of the article; we’ll review it, and if relevant, it will be posted! Click here to send us your suggestions

%d bloggers like this: