Lebanon has been swept by unprecedented protests against a political class accus...
BEIRUT - Lebanon has been swept by unprecedented protests against a political class accused of plundering state resources for personal gain, bringing turmoil to the streets of a nation already in deep economic crisis.
The main parties could agree a reshuffle that leaves Sunni Muslim Prime Minister Saad al-Hariri in office but replaces prominent ministers with technocrats seen as better qualified to enact badly needed reforms. “The real problem is that you cannot bring any prime minister other than Saad because there is no Sunni to parachute now and he is the only one who has international support,” said a former minister.Some politicians may be hoping that protester fatigue will set in and ease pressure, allowing the government to continue unchanged so it can implement reforms.
The state has repeatedly vowed to preserve the currency peg and honor debts on time. The central bank has said it will continue to secure the hard currency needs of the public and private sectors at unchanged fixed rates. Against this backdrop, banks have not opened for more than a week, concerned that savers will try to pull out their money and that they could be attacked by demonstrators who partly blame financial institutions for the situation, bankers said.
A senior U.S. State Department official said the Lebanese people were “rightfully angered” with a government that had refused to tackle endemic corruption.
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