Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Under 'financial siege', Lebanon must stave off strife, says Bassil
Published in Ahram Online on 07 - 07 - 2020

Lebanon is facing a "financial siege" imposed by international powers and its priority is staving off strife caused by the country's economic meltdown, leading politician Gebran Bassil said on Tuesday.
Bassil, an ally of the Iran-backed Shi'ite group Hezbollah, said he supported talks with the International Monetary Fund (IMF), hoping they would pressure the state into reforms, but that Lebanon was running out of time and any foreign aid could not come at the price of sovereignty.
Talks with the IMF were put on hold last week after becoming bogged down by a dispute on the Lebanese side over the scale of losses in the financial system and pending the start of reforms to address the root causes of the crisis, seen as the biggest threat to Lebanon's stability since the 1975-90 civil war.
The government of Prime Minister Hassan Diab, which is backed by Bassil and Hezbollah, has yet to embark on serious reforms sought by donors including the United States and France, which say Beirut must fix state waste and corruption before any aid is released.
"What we are subjected to is an economic, financial and political siege ... This doesn't pardon the state and the Lebanese from their mistakes ... at the forefront of them -- corruption," Bassil said in an interview.
"When there is a desire to help Lebanon, tomorrow the gates will be opened. And when there are great powers blocking the gates, Lebanon does not have capacity to open them."
"The absolute priority ... is how to keep Lebanon away from anarchy and strife."
Lebanese must also be protected from extreme poverty, said Bassil, a son-in-law of President Michel Aoun.
Hezbollah is classified as a terrorist group by the United States. The group's influence in state affairs has grown since it won a parliamentary majority with its allies in 2018.
Opponents say the alliance forged by Aoun and Bassil with the heavily-armed Hezbollah has provided political cover for its arsenal.
Though critics say he exercises wide influence over the government, Bassil said no ministers were members of the Free Patriotic Movement he leads, and the cabinet must accelerate reforms.
"We don't accept this model of low productivity," he said of the government, which he said could not continue if it failed to do more.
Asked if he saw a risk to peace, Bassil said: "Of course this fear exists."
The response, he said, was "in national unity" and dialogue.
He warned of the risk of "an international game" unfolding to weaken Lebanon or "a party in Lebanon such as Hezbollah".
"Syria must be a lesson for all. It would be a shame to take Lebanon on the path to destruction once again," he said.


Clic here to read the story from its source.