Israel continues its bombardment of Lebanon and Hezbollah continues to fire their rockets into Israel.
There is at least US$3 billion in infrastructure damage and loss of work in Lebanon. Banque du Liban, the Lebanese central bank, has been forced to draw on its foreign reserves because of the crisis, selling part of its US$12.75 billion assets. The Beirut Stock Exchange (BSE) has thus far declined 11%. Thousands of tourists who visit Lebanon in the summer and contribute over US$4 billion to the economy have fled, according to a senior analyst at a leading Lebanese bank. Looking beyond the economy, ordinary Lebanese civilians have been the main victims of the current crisis in terms of deaths and injuries. Thousands have become internal refugees, seeking safety in areas that are not being bombed by Israel.
"War may sometimes be a necessary evil. But no matter how necessary, it is always an evil, never a good. We will not learn how to live together in peace by killing each other's children."
Jimmy Carter (1924 - )
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