No it's not Israel. Just poor planning by government and corruption at its finest in the middle east.
Israel could help them, but why should they. Maybe if Lebanon know how to better act on the world theater and be kinder to its neighbors, maybe they would'nt be so fucked.
Hopefully the country collapes into a civil war and Israel or the Saudis can install a puppet government more corapertive with the world. Or blow the place to kingdom come. Either way is fine.
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