UNITED STATES (OBSERVATORY NEWS) — French Foreign Minister Jean-Yves Le Drian urged the Lebanese on Tuesday to quickly form a new government or risk exacerbating the financial crisis to threaten the country’s stability.
“(They should) quickly form a government because any delay will continue to exacerbate the situation,” Le Drian told a news conference.
Six weeks after the resignation of Prime Minister Saad Hariri following protests against the ruling elite, the financial crisis raises fears related to Lebanon’s stability in light of banks imposing restrictions on capital movement, the scarcity of the dollar, and the Lebanese pound losing a third of its value in the black market.
On Wednesday, France will host a meeting of the International Support Group for Lebanon, which includes donors from Gulf Arab countries such as Saudi Arabia, major European powers and the United States.
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