Sunday , January 24 2021

Lebanon faces more economic dangers than Israeli military threats: Speaker – Xinhua

Lebanon's Lebanese President Nabih Berri said on Sunday that the risk faced by Lebanon is economic rather than military, as Israel does not dare to attack Lebanon, the National Press Service (NNA) said.

"Hezbollah, apart from our national unity, will not allow Israel to launch any aggression against Lebanon," Berry told NNA.

If the situation remains unchanged, we will go to a dangerous zone, he added, implying a delay in the formation of the government.

The Lebanese speaker, in many cases, urged all political parties to compromise in an attempt to reach a consensus on the formation of governments amid economic degradation.

Lebanon's public debt reached US $ 82.95 billion at the end of June, from $ 76.5 billion a year ago, according to Byblos Bank's weekly financial report.

Lebanon needs to make significant reforms to curb its public debt, including a review of the electricity sector costing more than $ 2 billion a year.

Source link