Lebanon's PM-designate Hariri presents new government line-up after deadlock

BEIRUT (Reuters) - Lebanon's Prime Minister-designate Saad al-Hariri gave President Michel Aoun a line-up for a new cabinet on Wednesday after months of wrangling blocked a French plan to pull the country from financial crisis. Without a credible government, there will be no bailout to save Lebanon, French President Emmanuel Macron has warned ahead of his visit to Beirut later this month. Former colonial ruler France, spearheading foreign aid efforts, had sought to rally Lebanon's leaders but grew frustrated as it got mired in fractious sectarian politics.

Reuters December 10, 2020 00:10:48 IST
Lebanon's PM-designate Hariri presents new government line-up after deadlock

Lebanons PMdesignate Hariri presents new government lineup after deadlock

BEIRUT (Reuters) - Lebanon's Prime Minister-designate Saad al-Hariri gave President Michel Aoun a line-up for a new cabinet on Wednesday after months of wrangling blocked a French plan to pull the country from financial crisis.

Without a credible government, there will be no bailout to save Lebanon, French President Emmanuel Macron has warned ahead of his visit to Beirut later this month.

Former colonial ruler France, spearheading foreign aid efforts, had sought to rally Lebanon's leaders but grew frustrated as it got mired in fractious sectarian politics.

Lebanese politicians have failed to agree over portfolios, let alone enact reforms, even as the country hurtles towards what U.N. agencies have warned will be a "social catastrophe".

Hariri, who was named premier for a fourth time in October, said the president would examine his list of 18 "non-partisan, expert" ministers and that the "atmosphere was positive". Aoun's office said the two had agreed at Wednesday's meeting to try to bridge the gap between their proposals.

It was the first move towards attempting to break the logjam after weeks of inaction, as foreign reserves used to subsidise basic goods dwindle, triggering alarm.

Lebanon's worst crisis since its 1975-1990 civil war has impoverished half the population and crashed the currency.

A senior Lebanese political source said there had been renewed pressure from abroad for the politicians to break the deadlock but it remained unclear if that would succeed.

The outgoing government quit after a massive explosion at Beirut port in August, which killed more than 200 people and devastated swathes of the capital.

(Reporting by Ellen Francis; Additional reporting by Laila Bassam; Editing by Emelia Sithole-Matarise and Gareth Jones)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Elon Musk leaves behind Amazon's Bezos to become world's richest person - Bloomberg News
Business

Elon Musk leaves behind Amazon's Bezos to become world's richest person - Bloomberg News

(Reuters) -Tesla Inc chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc's top boss Jeff Bezos to become the world's richest man, Bloomberg News reported on Thursday.

Daimler starting year with optimism after strong finish to 2020 - CEO
Business

Daimler starting year with optimism after strong finish to 2020 - CEO

FRANKFURT (Reuters) - Daimler is starting the year with optimism after a strong finish to 2020, Chief Executive Ola Kaellenius said on Thursday, adding that sales in the fourth quarter had continued the strong trend seen in the preceding three months.

Oil hits 11-month highs on Saudi cuts, shrugs off U.S. unrest
Business

Oil hits 11-month highs on Saudi cuts, shrugs off U.S. unrest

By Laura Sanicola NEW YORK (Reuters) -Oil prices edged higher on Thursday, hitting 11-month peaks as markets remained focused on Saudi Arabia's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political unrest in the United States. Brent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first COVID-19 lockdowns in the West.