Ian Bremmer shares his perspective on global politics on this week's World In (More Than) 60 Seconds:
The Lebanese government resigns. What's next for Lebanon?
Well, not a lot of money. They need billions. I mean, $3 billion minimum just to rebuild the damage from the explosion, plus the billions because their economy is in freefall, and their banking system sucks, and their sanitation system doesn't work, and they're massively corrupt. And the humanitarian UN conference has thrown a couple hundred million at them, but nowhere near the billions they need. That requires major reform, which is being demanded by the people, and the IMF, and President Macron, who's sort of taking the lead in trying to build some international support for Lebanon. But, you know, a lot of people have problems right now. A lot of people need help. And if the Lebanese government that finally comes together is not more effective at structural reform, which is super challenging in a place that's massively corrupt, well, they're not going to get a lot of money. So this is going to be borne on the backs of Lebanese people. The one thing I will say is it's hard to imagine Hezbollah getting stronger in this environment. They are seen as part of the problem. And maybe this helps shake loose both them and the Iranian influence, which does not help the Lebanese people at all over that country.