Economist Podcasts What it is in aid of: Syria’s earthquake response
Feb 20, 2023
Greg Karlstrom, Middle East correspondent for The Economist, sheds light on the dire humanitarian crisis in northwest Syria post-earthquake, highlighting the complex dynamics of aid amid political tensions. He discusses how longstanding sanctions complicate relief efforts. Mike Bird, Asia business and finance editor, explores South Korea's precarious property market, detailing how rising interest rates and household debt are driving housing prices down, posing risks to the economy. Together, they paint a picture of two interconnected crises.
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Assad's Calculated Move
- Assad's decision to open new aid routes is self-serving, not benevolent.
- He aims to improve his international image and ease sanctions.
Impact of Sanctions
- Sanctions marginally affect aid to Syria, with crowdfunding campaigns blocked.
- The US Treasury issued a waiver for earthquake relief transactions.
The Sanctions Dilemma
- Easing sanctions might not lead to effective rebuilding due to corruption.
- Some Syrians argue that sanctions worsen the misery of those in regime-held areas.