Political Risk / Lebanon
Jumblatt's Volte Face Will Boost Hizbullah, March 8 Confidence
August 2009 | Political Risk AnalysisThe departure of Walid Jumblatt and his Progressive Socialist Party (PSP) from the March 14 coalition has thrown the Lebanese political scene back into chaos, and will boost the March 8 opposition in their new cabinet role - if only in confidence. We warned that the negotiations would be protracted - and no one in Lebanon will be particularly surprised that, two months after the polls, there is still no cabinet. However, the fact that Prime Minister designate Saad Hariri is now taking a holiday augurs for an even slower resolution. In addition, the direction Jumblatt and the PSP will
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