Tag "Hassan Diab"
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Draft of Lebanese financial rescue plan promises “painful” steps
BEIRUT: Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad plan that includes taking “painful” steps to escape a deep financial crisis, according to a draft policy statement seen by Reuters. The
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Lebanon forms gov’t with backing of Hezbollah and allies
Lebanon formed a new government yesterday under Prime Minister Hassan Diab after the Shiite group Hezbollah and its allies agreed on a Cabinet that must urgently address an economic crisis. The heavily indebted state has been without an effective government
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Lebanese security forces, protesters clash for second night
BEIRUT: Lebanese security forces fired water cannons, rubber bullets and tear gas yesterday to try to break up stone-throwing protesters in Beirut, which has been rocked by some of the worst violence since unrest erupted in October. Yesterday’s confrontation broke
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