Lebanon's Defense Minister said on Thursday the country was in a 'very...
BEIRUT - Lebanon’s Defense Minister said on Thursday the country was in a “very dangerous situation” and compared street unrest of recent days to the start of 1975-90 civil war.
Despite the magnitude of the economic crisis, the biggest since the war, leaders have not yet been able to agree a new cabinet or to tackle the grievances of demonstrators who say Lebanon has been ruined by corruption and sectarian cronyism. Bou Saab, a political ally of President Michel Aoun, said demonstrators had the right to protest and to be protected. But the army and security services could not tolerate violence.
Schools, banks and many shops were closed for the third straight day. Some major routes around the capital that had been barricaded by protesters were unblocked by authorities, but the political mood remained brittle.“WE ARE ALL IN DEEP TROUBLE” Banks, which were shut for half of October, closed again this week over staff security concerns. Most transfers out of the country have been blocked and, with U.S. dollars scarce, the pegged Lebanese pound is weakening on the black market.Paul Kallassi, a board member of Kallassi Group, a major buyer and distributor of food, said suppliers have so far continued to ship based on “trust” even as arrears mount, a situation he said was not sustainable.
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