Following a three-day fact-finding mission to Beirut, the S&D delegation, led by Vice-President Pedro Marques, and composed of MEPs Isabel Santos, Tonino Picula, Evin Incir and Nora Mebarek, have announced that the Socialists and Democrats will request an urgent debate in the next plenary of the European Parliament in Strasbourg to discuss the dreadful situation…
EU council president Charles Michel has issued a warning at the international conference in support of the Lebanese people. He said, “Today marks the first anniversary of the tragic explosion in the port of Beirut. This devastation has hit Lebanon terribly, and it has shaken us all in Europe. I had indeed the opportunity to…
The central bank of Lebanon’s Governor, Riad Salameh, gave an exclusive interview to leading French publication Paris Match, in which he explained that the central bank is not the cause of the problems that Lebanon is facing and that the country is better able to tackle its challenges thanks to the actions that the bank has taken….
By David Ibsen The Lebanese government’s application to the IMF for $10 billion worth of aid in order to stave off economic collapse represents a golden opportunity for the world to bring pressure to bear on Beirut and force it to separate from the terror group Hezbollah. The timing could not be more opportune. Hezbollah…
Lebanon’s Central Bank Governor has spoken up about a “systematic campaign” against him by Hezbollah-backed PM Hassan Diab Riad Salameh, Governor of Lebanon’s Central Bank, spoke out today in a one-hour long video conference. He addressed the “systematic campaign” against him, which is widely thought to have been driven by Hezbollah. Mr Salameh was responding…
Leading French economist Nicolas Bouzou, director of the economic research company Asterès, wrote in today’s Les Echos about what the West can learn Lebanon’s current economic situation. According to Bouzou, we can look at the deterioration in Lebanon to understand what can happen when a country accumulates decades of non-existing or failing public policies. Bouzou also singles out…
The international community might initially have been relieved that Lebanon finally has a government, after over 100 days of protest and a time of great economic turmoil for the country. There is indeed a government led by Sunni technocrat Hassan Diab, which is a coalition of Hezbollah, Amal and the Free Patriotic Movement (FPM). However,…
The news from Lebanon in recent weeks has been grim. As street protests in Beirut and other cities intensify, so does the country’s economic suffering, writes Charles Tannock. A political, economic, and social crisis has taken hold, leading to hard-currency shortages that hinder imports of vital daily commodities such as wheat, medicine, and fuel. Moreover,…
