Financial Times FT.com

Lebanon puts cost of raids at $2bn

By Roula Khalaf and Ferry Biedermann in Beirut

Published: July 18 2006 22:19 | Last updated: July 19 2006 10:45

Washington has given Israel a limited timeframe to achieve its “clear goal” in disabling Hizbollah with assurances from the US that Israel would be allowed to defend itself, as the conflict entered its eighth day.

Lebanon’s finance minister said on Tuesday Israel’s military offensive in Lebanon had caused up to $2bn in infrastructure damage, as a trail of devastating raids continued across the country on Wednesday.

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