Ian Bremmer shares his perspective on global politics on this week's World In (More Than) 60 Seconds:
First, who is Lebanon's new prime minister?
His name's Mustafa Adib and I had never heard of him. Apparently, he wasn't being considered for prime minister until apparently 24 hours ago. He was Lebanon's ambassador to Germany or is Lebanon's ambassador to Germany. And also, a PhD in political science. So clearly, we must like him. He can't be a bad guy. He looks basically like a technocrat. But in part, it's because Lebanon is impossible to govern and can't agree on any of the well-known and outspoken figures. And this is a massive economic challenge that they're facing. Their currency is falling apart. Their budgets, they can't fund. They had that massive explosion that's going to cost billions to rebuild Beirut. Just happened a couple of weeks ago. They're also fighting coronavirus. They have millions of refugees on their territory that they're paying for. And they don't have as much money from the Gulf states that they had historically because they're facing their own budgetary challenges. On top of which, it's really hard to get an IMF deal done when you don't have effective governance and when Hezbollah is part of your government structure.