Hizbullah Facing Financial Problems

(Der Spiegel-Germany) Erich Follath - In recent months, Hizbullah has become involved in disastrous investments, losing almost $1.4 billion. The Iranians, who are now feeling the brunt of UN sanctions, have made it clear that they cannot provide Hizbullah with additional funding at this time. This is embarrassing for Hizbullah, whose image in Lebanon depends in large part on its generous social services. It is now falling behind in the rebuilding of homes it had promised to Hizbullah's Shiite followers after the destructive 2006 Lebanon war.

2011-07-14 00:00:00

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