Ex-PM Saad Al Hariri's announcement to boycott elections and to quit politics opens a new phase in Lebanon's politics and adds to the uncertainties in a country that is already facing a financial meltdown.
Hariri has announced he will not run in upcoming parliamentary elections and was withdrawing from political life due to several factors including Iran’s overbearing influence on the country’s politics.
But the militant group's opponents have warned that the move can invite US sanctions on a country that's already reeling under an economic crisis.
The bank said while it had spent more than $800 million on fuel in the last month and the bill for medicines had multiplied, those goods were still absent from the open market and were being sold at prices that exceed their value.
The bloc said it is ready to impose sanctions on Lebanon's ruling elite, including a travel ban and asset freeze, for obstructing the process of forming a functioning government.
The economic and financial crisis roiling Lebanon is the gravest threat to its stability since the 15-year civil war ended in 1990.
Hyperinflation, poverty, corruption, protests and a pandemic have driven the country right to the edge.
President Erdogan and Hariri, who is assigned to form the new government in Lebanon, hold a two-hours-long one-on-one meeting at the Vahdettin Palace in Istanbul.
A series of decisions under Crown Prince Mohammed bin Salman has led the Kingdom down a path of irrelevance.
France has been quick to back former PM Saad al Hariri's proposal of an "independent" Shia candidate being given the finance portfolio to end a deadlock between two main Shia parties over ministers.
The French president's effort to help Lebanon is admirable, but he remains tone-deaf and out of touch with most Lebanese.
Saad al Hariri’s resignation as prime minister has left Lebanon without a government for nearly three months, in a time the country has been trying to recover from a deep economic crisis.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2022 TRT World.
Like
Follow