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Is running out of money Assad's decisive weakness?
Jorge Benitez | July 13, 2012From Fareed Zakaria, CNN GPS: Another telling indicator of dissent is the number of silent objectors in the army. According to the New York Times, a growing number of Syrian soldiers – many of whom lack the means to flee – are staying home. But to ensure their continued silence and neutrality, these officers continue to draw salaries and pensions.
Money is the main reason to believe that al-Assad's regime cannot last. Inflation is said to be as high as 30%. According to some reports, al-Assad and his cronies are freely printing money; the Syrian pound has depreciated against the dollar by more than half on the black market. Meanwhile, the regime is running out of cash. Ninety percent of Syria’s oil used to go to the European Union, but sanctions have put a stop to that. Tourism and trade have of course plummeted. And monetary support from Iran cannot be counted on indefinitely – Tehran itself is buckling under unprecedented sanctions.
And there was a report last week that Iran is weakening in its support for al-Assad. An Iranian ambassador gave an interview in a Tehran paper criticizing his government’s support for the Syrian regime and saying that al-Assad’s days were obviously numbered. (photo: Reuters)
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