December 10, 2019 / 12:46 PM / a month ago

France presses Lebanon to form a government quickly

PARIS (Reuters) - French Foreign Minister Jean-Yves Le Drian on Tuesday urged the Lebanese to form a new government swiftly or risk a financial crisis worsening and threatening the country’s stability.

“(They should) form a government quickly because any delay will continue to worsen the situation,” Le Drian told a news conference.

Six weeks since Saad al-Hariri resigned as prime minister, prompted by protests against the ruling elite, the financial crisis is generating concerns for Lebanon’s stability: banks are enforcing capital controls, dollars are scarce, and the Lebanese pound has lost a third of its value on a black market.

France hosts on Wednesday a meeting of the International Lebanon Support Group, which includes Gulf Arab donors such as the Saudi Arabia, major European powers and the United States.

Reporting by John Irish, Writing by Benoit Van Overstraeten, Editing by Richard Lough

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below