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Amid an economic meltdown, Lebanon will hold parliamentary elections
An unabated economic crisis in Lebanon is crushing the middle class. A look at how people there are coping ahead of Sunday's parliamentary elections.
A MARTINEZ, HOST:
Right now to Lebanon. The country holds a parliamentary election Sunday, but that's hardly the most pressing issue for people there. They're struggling to buy groceries or get money from banks as the country's two-year economic crisis continues. And as NPR's Arezou Rezvani reports, it's shattered the middle class.
(SOUNDBITE OF HORNS HONKING)
AREZOU REZVANI, BYLINE2: In Lebanon these days, it's not unusual for people to wait up to 2 hours to use an ATM. It's in one of those lines where I found Abdul Rabia one recent morning. Seventy-four years old and retired3, he's been having a hard time withdrawing money he spent a lifetime saving.
ABDUL RABIA: (Through interpreter) The money that I got for my retirement4 is in the bank. It's my whole life savings5. And what am I doing? I'm begging every month for my money.
REZVANI: For a while now, the banks here have limited withdrawals6, and it's left people like Rabia extremely frustrated7 and resentful.
RABIA: (Through interpreter) You know, they give it to us drop by drop. It's our money. And they've taken it. In fact, they've stolen it.
REZVANI: A little farther down the line, I find Nabila Bashir Baydoun.
NABILA BASHIR BAYDOUN: (Speaking Arabic).
REZVANI: "Life is super expensive - super expensive," she says. For the 70 year old, it's even put her health at risk.
BAYDOUN: (Speaking Arabic).
REZVANI: "I take seven medications, and one now costs six times what it used to be," she says. For the medication she now has trouble finding, her son's friend brings it from Turkey whenever he visits.
Hello.
ELIE: Hello.
REZVANI: Across town, Elie is getting ready to close his pharmacy8 for the day. He asks to use only his first name since he's not authorized9 to speak by the association of pharmacies10. He's noticed that a lot of people who've come in lately leave empty-handed.
ELIE: First question - they ask about the price. In many cases, they leave without buying.
REZVANI: He's worked at this pharmacy for 30 years. When I ask him if he's ever seen the economy in such bad shape, maybe during the 15 year civil war, he says...
ELIE: Never. Never, never, never. This last two years, it's another kind of life in everything.
REZVANI: All of this is the result of what analysts11 and even leaders of donor13 countries say is mismanagement and corruption14 in the government that has squandered15 the country's cash reserves. International lenders have hesitated to bail16 Lebanon out until it reforms.
Sami Halabi is an economic analyst12 with Triangle, a consulting group based in Beirut. And he says the economic crisis has been devastating17 even for the middle class.
SAMI HALABI: People have lost 90% of their savings. And over the past 2 1/2 years, we've seen this increase in the poverty rate from 30% to 80%.
REZVANI: It's amid this economic meltdown that Lebanon will hold parliamentary elections this Sunday. But Halabi is skeptical18 that a change in leadership will be enough to turn the tide any time soon.
HALABI: The crisis is so much deeper and harder than we ever expected it to be, that there is no election or policy move that will provide us with a quick fix. Confidence in the economy and the banking19 sector20 has been smashed. And to regain21 that is probably a generational project.
(SOUNDBITE OF SEWING MACHINE)
REZVANI: Until then, workers like Claudette Mehanao, a designer and seamstress, will continue sewing late into the night. With her husband sick, she's now the one supporting her family.
CLAUDETTE MEHANAO: (Through interpreter) It's very stressful. I've gone down 20 kilos in weight. In a way, my life's just disappeared in front of me. This is when I should be resting. This is - you know, I was able to make money. I was able to buy a house. And now I have to work.
REZVANI: She has plenty of money in the bank. But like so many others, she can't get it out.
Arezou Rezvani, NPR News, Beirut.
(SOUNDBITE OF TIM SCHAUFERT'S "JOURNEY")
1 transcript | |
n.抄本,誊本,副本,肄业证书 | |
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2 byline | |
n.署名;v.署名 | |
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3 retired | |
adj.隐退的,退休的,退役的 | |
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4 retirement | |
n.退休,退职 | |
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5 savings | |
n.存款,储蓄 | |
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6 withdrawals | |
n.收回,取回,撤回( withdrawal的名词复数 );撤退,撤走;收回[取回,撤回,撤退,撤走]的实例;推出(组织),提走(存款),戒除毒瘾,对说过的话收回,孤僻 | |
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7 frustrated | |
adj.挫败的,失意的,泄气的v.使不成功( frustrate的过去式和过去分词 );挫败;使受挫折;令人沮丧 | |
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8 pharmacy | |
n.药房,药剂学,制药业,配药业,一批备用药品 | |
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9 authorized | |
a.委任的,许可的 | |
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10 pharmacies | |
药店 | |
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11 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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12 analyst | |
n.分析家,化验员;心理分析学家 | |
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13 donor | |
n.捐献者;赠送人;(组织、器官等的)供体 | |
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14 corruption | |
n.腐败,堕落,贪污 | |
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15 squandered | |
v.(指钱,财产等)浪费,乱花( squander的过去式和过去分词 ) | |
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16 bail | |
v.舀(水),保释;n.保证金,保释,保释人 | |
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17 devastating | |
adj.毁灭性的,令人震惊的,强有力的 | |
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18 skeptical | |
adj.怀疑的,多疑的 | |
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19 banking | |
n.银行业,银行学,金融业 | |
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20 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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21 regain | |
vt.重新获得,收复,恢复 | |
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