Syria Feature: Regime Threatened by Economic Crisis? (Shadid)

Street Scene in HomsHotels that catered to sandal-wearing backpackers in the storied Syrian city of Aleppo stand empty. Capital from the Persian Gulf that underpinned Syrian ambitions of modernization has begun to dry up. The Syrian pound has faltered, exports have fallen and the government has promised respite with money it will not have for long.

In his first address to Syrians in two months, President Bashar al-Assad warned this week of “the collapse of the Syrian economy.” The words might have been hyperbole, aimed at rallying support for a leadership staggering from a three-month uprising. But the sentiments underlined the danger the economy there poses for a government that long promised its people better lives, even as it refused to surrender any real political power.

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