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Lebanese prime minister’s resignation predicted

Líbano, primer, ministro, renuncia

Lebanese prime minister’s resignation predicted

Beirut, Nov 6 (Prensa Latina) The government's inactivity in Lebanon might lead to the resignation of Prime Minister Najib Miqati, who has been incapable of finding ways to stop an announced financial and economic collapse, the Al-Liwaa newspaper highlighted on Saturday on its website.
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The daily calls it Plan B, commenting that perhaps the steps toward resignation will begin next week.

Miqati took office last September, after more than a year of Hassan Diab’s standing aside, overwhelmed by the aftermath of the explosion in the port of Beirut.

Until now, he has not been able to stop the economic debacle, including a foreign debt equivalent to more than 170 percent of GDP, a currency devaluation of more than 100 percent against the dollar, and nearly 80 percent of the Lebanese people below the poverty line.

In the last two months, the crisis has worsened due to fuel shortages and then the lifting of subsidies that increased inflation by almost 500 percent.

The power generation deficit also increased with a service coverage of only one or two hours a day.

And now, the diplomatic crisis with Saudi Arabia and other countries on the Arabian peninsula cutting off Lebanese imports.

jg/lcr/jcm/arc

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